Mumtalakat and ARP Group to Establish AI-Powered Bank in Bahrain
MANAMA, Bahrain, Nov 2 – Bahrain is set to establish an AI-powered wholesale bank through a partnership between sovereign wealth fund Mumtalakat and ARP Group. The proposed bank will be based in Bahrain. It will use artificial intelligence (AI) and blockchain technology to provide banking services to businesses and financial institutions. The Central Bank of […]
SICO Secures US$1.6 Billion in New Business from Investors in 2026
MANAMA, Bahrain, Nov 2 – Bahrain-based financial services group SICO has secured approximately US$1.6 billion in new business from institutional and individual investors during 2026. The company announced the figure at the Gateway Gulf 2026 Forum in Manama. The new business covers its asset management, wealth management and investment banking operations. The total reflects new […]