Tamkeen joins as strategic partner for BlockOn 2018

Khalid Saad, CEO of Bahrain FinTech Bay, left, and Chief Executive of Tamkeen Dr. Ebrahim Mohammed Janahi.
Updated 17 November 2018

Tamkeen joins as strategic partner for BlockOn 2018

Bahrain FinTech Bay has announced the Labor Fund “Tamkeen” as a strategic partner for its global blockchain conference, BlockOn 2018 — Redefining Finance, taking place on Nov. 22, at the Wyndham Grand.

The event will be held under the patronage of Khalid Al-Rumaihi, chief executive, Economic Development Board and chairman of the executive board of Bahrain FinTech Bay.

Tamkeen offers a myriad of financial and training support programs to Bahraini startups and SMEs including newly emerging fintech firms.

The conference expects to attract more than 300 global blockchain innovators and professionals including a diverse group of regulators, entrepreneurs, investors and financial industry executives who will convene to explore the rising opportunities and challenges presented by the industry. 

Chief Executive of Tamkeen Dr. Ebrahim Mohammed Janahi said: “Fintech is already playing a key role in shaping the economic sector. Technological revolutions such as the fintech solution will lay a new foundation for the banking industry for many years to come.”

Khalid Saad, CEO of Bahrain FinTech Bay, added: “Tamkeen plays an instrumental role in helping drive the development of Bahrain’s private sector including the significant number of newly established fintech firms in the Kingdom.”

Bahri’s maritime solutions on show

Updated 20 February 2019

Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.