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2 clusters · 4 sources · 2 days · First seen · Last updated

Bahrain digital economy and AI development

Overview

Bahrain is advancing its digital and artificial intelligence (AI) landscape through both legislative and private sector initiatives. The Shura Council has identified the creation of regulations regarding artificial intelligence and the digital economy as key legislative priorities during its extended term. The Council aims to align these laws with economic growth and ensure legal stability to attract investment.

In the financial sector, the National Bank of Bahrain (NBB) Group is implementing an enterprise-wide AI program, AI@NBB, which utilizes a federated operating model to manage applications such as customer service virtual assistants and cybersecurity. Complementing these efforts, Bahrain FinTech Bay is shifting its strategy to develop AI products specifically for financial institutions, while its subsidiary, Innovate for Bahrain, works to expand AI solutions to other industries.

Entities

Shura Council · Innovate for Bahrain · Bahrain FinTech Bay · Bahrain Islamic Bank · National Bank of Bahrain Group

Timeline

  1. [BUSINESS] 2 sources
    Bahrain financial institutions expand artificial intelligence initiatives

    Bahrain's financial sector is accelerating AI adoption, with NBB Group scaling enterprise AI and Bahrain FinTech Bay launching new AI product development and training services.

  2. [POLITICS] 2 sources
    Bahrain Shura Council to prioritize AI and digital economy laws

    Bahrain's Shura Council Chairman Ali bin Saleh Al Saleh announced that the legislative extension will focus on laws regarding AI, the digital economy, public health, and real estate.

Sources

albiladpress.com · bizbahrain.com · elaosboa.com · techafricanews.com