Bahrain-based CoinMena secures $9.5 million seed round

    Headquartered in Bahrain, fiat-to-crypto exchange CoinMENA has secured $9.5M in seed funding from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, Rua Growth Fund, FTX investment arm Alameda Research and Girnas Capital. CoinMENA will use funds in a move to further dominate the crypto market in the MENA region. Launched in early 2021 by…

    Yehia Badawy, Co-Founder Rain: “Our areas of focus are emerging markets”

    When was rain creating? Who was the company founder? So, the company started, its four of us that co-founded this company – Joseph Dallaglio, AJ Nelson, Abdullah Michael and myself Yehia Badawy. Funnily enough, we each had an idea for  this company separately. So I was working on creating something similar in 2014, actually speaking…

    Talal Tabbaa, Coin Mena: “We want to be the biggest and the best in the Middle East”

    Please tell us about your project, when it was created, and who is the company founder and what is this project about?   My name is Talal Tabbaa and I am one of the founders CoinMena. We are 3 founders: myself, Dina Sam’an and Yazan Barghuthhi. We started the exchange out of the need, because…

    How cryptocurrencies can help develop Islamic finance

    At a webinar held in Bahrain on Wednesday, experts have discussed how new digital payment means are facilitating transactions, and how cryptocurrencies can help to develop Islamic finance, The Gulf Daily News reported. A collaboration of Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) and the Islamic Corporation for the Development of the…

    Bahrain’s multimillion-dollar data hub to boost digital transformation of the Arab world

    A new tremendous data center is set to be built in the Kingdom of Bahrain. The multimillion-dollar main hub in Bahrain will serve all member states of the Arab League, promoting collective digital transformation across the Arab world. On Sept. 1, The Arab League’s Arab Federation for Digital Economy (AFDE) signed a memorandum of understanding…