UK firm chooses Bahrain to open first regional office

Bahrain EDB’s Executive Director — Business Development — ICT John Kilmartin.
Updated 28 January 2019
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UK firm chooses Bahrain to open first regional office

UK-based technology company Innervate has chosen Bahrain to open its first regional office servicing the financial sector.

The move is a welcome boost for Bahrain, which sees information technology and the digital highway as a core pillar of the nation’s Vision 2030 economic diversification plans. 

At the official launch event held at the British Embassy in Bahrain’s capital Manama, Zayed R. Alzayani, minister of industry, commerce and tourism and senior management from the Bahrain Economic Development Board (EDB) joined the British Ambassador Simon Martin, Innervate CEO Andy Startin, representatives from the Department of UK Trade and Industry, Bahrain Fintech Bay and Microsoft, together with members of the local business community, to welcome the opening of Innervate Technology.

Innervate specializes in developing customer relationship management technology across different sectors, where finance is its core area of expertise. Innervate’s main clients in the region include the Saudi British Bank, Mitsubishi Bank, Aspen Insurance and Carnival Cruise. With an initial investment of almost $1 million, Innervate plans to recruit employees across various skill-sets ranging from system integrators, data scientists, business analysts and system architects. As a result, Innervate has become the first Microsoft Dynamics 365 Gold partner in Bahrain that mainly focuses on the financial services sector. 

Bahrain EDB’s Executive Director, ICT, John Kilmartin said: “We are delighted that Innervate has chosen Bahrain to establish a permanent office in Bahrain that will service clients across the region. This is indicative of their confidence in Bahrain’s rapidly-moving strategy to develop as a regional ICT hub and highlights Bahrain’s attractive environment where companies can experience some of the lowest costs of doing business in the Gulf.”

Innervate CEO Andy Startin said: “The Bahrain Economic Development Board, Fintech Bay, Microsoft and the Department of UK Trade and Industry have truly been inspirational partners to help get our venture off the ground in Bahrain.”


Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019
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Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.