AGP Executive Report
Last update: 2 hours agoBahrain Banking Jobs: Bahrain’s financial sector added net jobs in Q1 2026, with Bahrainis driving all net growth as Bahrainisation hit 70% despite digital banking reducing branch roles. Digital Lending Rails: Benefit launched a Digital Direct Debit service to automate loan repayments and insurance premium collections, linking directly with the Bahrain Credit Reference Bureau to speed credit assessment and collections. Payments Standards: KFH-Bahrain renewed its EFTS certification under ISO 20022 MX, reinforcing compliance and faster, more accurate electronic payments. Banking Results: NBK-Bahrain posted net profit of BD60.49m in H1 2026, with assets and deposits rising amid regional uncertainty. Capital Markets Tech: Bahrain Bourse ran an AI productivity workshop for staff, using tools like Copilot and Claude to streamline internal reporting. Maritime & Trade Security: A bulk carrier was reportedly struck in the Strait of Hormuz; UKMTO urged caution as attacks continue. Regional Shipping Shock: UAE suspended all trade and financial transactions with Iran after alleged missile attacks, adding pressure to Gulf commerce. Investcorp Deal: Investcorp acquired 20Cube’s India contract logistics arm for about Rs 500 crore, planning further bolt-on consolidation. Environment & Food: Bahrain consumed over 25,000 tonnes of fish in 2025, while shark conservation measures were urged to protect more than 40 species in local waters. Tourism & Expansion: Gulf Hotels Group signed an MoU to manage a Silva Gigiri Hotel & Residence project in Nairobi, a USD 30m push into East Africa. Maritime Governance: Saudi launched a 14-state Multinational Maritime Defense Coalition headquartered in Riyadh, with Bahrain among signatories.
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