AGP Executive Report
Last update: 8 hours agoSkyro Expansion: Bahrain-based fintech Skyro says it will expand into Saudi Arabia, opening a Riyadh office and appointing former Mastercard executive Maria Medvedeva as managing director for the Middle East, with consumer and SME financing planned subject to regulatory approval. Fintech Security: stc pay Bahrain launched “Secure Approve,” letting customers approve online card payments inside the app instead of using OTPs, aiming to cut phishing and SIM-swap risks. Capital Markets: Bahrain Bourse opened subscription for Government Development Bond Issue 48 (BD200m), offering a 7% fixed return over two years, with trading expected after listing. Banking Results: SICO reported 48% YoY growth in Q2 net profit to BD2.2m, while Bahrain Duty Free Shop Complex posted lower H1 net profit of BD2.25m (-24.8%). Infrastructure & Trade: DHL expanded its Shenzhen Super Gateway (capacity ~900 tonnes/day) and added a daily Boeing 767 rotation linking Shanghai–Bangkok–Bahrain–Brussels. Transport Planning: Bahrain’s Ministry of Works received bids from KPMG, EY and PwC to act as transaction advisor for the Bahrain Northern Link Road PPP. Public Safety & Compliance: Interior Ministry warned residents about scams impersonating officials; Bahrain also designated eight food-truck locations and launched an online permit platform.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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