
Microfinance is empowering underserved communities in the GCC
Microfinance is an increasingly important tool to bolster financial inclusion in the GCC. And now, a cohort of ambitious start-ups are getting involved.
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate. The EDB works with the government and both current and prospective investors to ensure that Bahrain’s investment climate is attractive, communicate the key strengths and identify where opportunities exist for further economic growth through investment. The EDB focuses on economic sectors that capitalize on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, information and communications technology (ICT), tourism, logistics and transport.
Microfinance is an increasingly important tool to bolster financial inclusion in the GCC. And now, a cohort of ambitious start-ups are getting involved.
The Middle East is embracing open banking – fostering innovation, improving customer experience and widening financial inclusion.