Arts Culture Clubs Sports Interviews Lifestyle Dining Nightlife bahrainthismonth.com Digital Edition Since 1997 February 2023 | Vol. 27 | Issue 2 | BD2 / SR20 HAPPENINGS DOWNTIME WTM Spring of Culture, Nightlife and Concerts DINING FINTECH SPECIAL Exploring Bahrain’s Fintech Industry Bahrain’s Ballerina, Marija Rakic Madhu S. on Fem Visionary In Her Shoes Varsha Bhatia We Review the D4D App PEOPLE Bangladesh Ambassador, HE Dr. Md. Nazrul Islam Executive Chef Olivier Catora, Jumeirah Gulf of Bahrain Resort & Spa YOUR GUIDE TO A GREAT WAY OF LIFE The Best of Valentine’s Dining A Feast at The Ritz Carlton Bahrain’s Thai Lounge
bystander Middle East Hospital Christmas Celebration Middle East Hospital held a Christmas party for its staff to celebrate the festive season in 2022. www.bahrainthismonth.com/gallery 4 February 2023
www.womanthismonth.com February 2023 5 FEBRUARY 2023 Bahrain This Month George F. Middleton Publisher and Chairman COVER Valentine's 2023 www.bahrainthismonth.com Scan this QR Code to subscribe to the digital edition of the magazine. Printing Press Union Press, Bahrain Published monthly by RED HOUSE MARKETING P.O. Box 20461, Manama, Kingdom of Bahrain Tel: (+973) 17 813-777, Fax: (+973) 17 813-700 Email: [email protected] www.bahrainthismonth.com © Copyright Reserved 2005-2020 The concept, content, style and design of this publication remain the exclusive property of Red House Marketing (Jersey) Ltd. and must not be reproduced in any form whatsoever without prior written permission. Every effort has been made to ensure the accuracy of the information contained in this publication. However, Red House Marketing cannot accept legal responsibility for any error or omission. • Views expressed in this magazine by journalists and writers are not necessarily those of the publishers of Bahrain This Month. Licensed by the Ministry of Information Publication Code: TA001 ISBN 1 899 348 09 3 1 YEAR SUBSCRIPTION Bahrain: BD24 Gulf and international subscriptions available on request. Welcome to another exciting edition of Bahrain This Month. 2023 has been off to a phenomenal start with plenty of exciting events and the opening of spectacular new venues across the island. As always, we’re here to tell you how to make the most of it. The Spring of Culture returns with its 17th edition this month, much to the excitement of residents. Find our favourite Spring of Culture events in addition to exciting concerts, nightlife and motoring events in our Happenings section. FinTech has been growing rapidly, consequently changing the world of finance on a global scale. This month, we spoke to industry leaders who revealed developments in the field and shared their thoughts on how Bahrain has been advancing towards being a cashless society. In our interview section, we also speak to the Ambassador of the People's Republic of Bangladesh, HE Dr. Md. Nazrul Islam, about the long-standing relationship between the two nations and potential to boost trade. Love is universal, as is Valentine’s Day! In our Valentine’s feature, you will find unique offerings from the Four Seasons Hotel Bahrain Bay in addition to an exciting interview with the Executive Chef Olivier Catora at the newly-opened Jumeirah Gulf of Bahrain Resort and Spa. There’s no better way to celebrate Valentine’s Day than with a delectable dinner, divine afternoon tea or even an exciting brunch. Flip through our dining section to explore some of the best options, and be sure to explore bahrainthismonth.com for an even more extensive list closer to the day. We also reviewed the delectable offerings at the stunning Thai Lounge at The Ritz-Carlton, Bahrain – an outstanding choice for dining. In our Motoring section, Bill Grieve test drives the Bestune B70S, a luxury Chinese vehicle from Al Haddad International Motors. We also reveal what you can expect at the upcoming Formula 1 Gulf Air Bahrain Grand Prix 2023. In our Commerce section, Pria Masson tells us about the rise and fall of crypto, fad investing and its associated risks. There’s plenty of inspiration to be found in Woman This Month too. This month, we interviewed Bahrain’s ballerina, Marija Rakic, who opened up about representing Bahrain in Paris as part of a dance delegation at the UNESCO Headquarters in Paris. Meanwhile, the woman behind the viral art account Fem Visionary, Madhu S., tells us how committing to a goal for just one year changed her life and led to her amassing a following of over 225,000 people. In our opinion section, renowned Portfolio Management Professional (PfMP) and Accredited Chartered Manager (CMI), Eman Deabil, tells us how we can achieve our goals in 2023 by incorporating a Personal Balanced Scorecard. Ouiam El Hassani, on the other hand, tells us how we can parent our children so they may be better friends, while Farrah Saville shares her thoughts on resolutions and if there really is a need for a “new you”. In our In Her Shoes section, we catch up with the Operations Manager at Ramee Grand Hotel & Spa, Seef – Varsha Bhatia. With Valentine’s Day just around the corner, you’ll also find some fantastic fashion and beauty to inspire you. Remember, to explore Your Guide to a Great Way of Life any time of day, visit bahrainthismonth.com or follow us on the social media platforms Facebook and Instagram. THE TEAM Publisher and Chairman George F. Middleton Editor Farah Baig Online Editor Farrah Saville Contributors Bill Grieve, Ouiam El Hassani, Pria Masson, Kristian Harrison Editorial Consultant Ahdeya Ahmed Print Production Manager Sabu Sebastian Art Director Hatem Monem Webmaster Nishad Eapen CRM & Database Coordinator Muna Yousef Staff Photographer Subeesh Kumar N S Administration and Finance Samson Vaz, Marlyn Ragasa Distribution Team CM Abdul Rahman, Gopal Arul Kumar Distributor Al Hilal Group (Hilal Direct Services) Media Sales Director Anuradha Manhas [email protected] Digital Media Executive Amina Syed [email protected] DIGITAL & CONTENT MARKETING TEAM Digital Strategy Director Lini Reghunath Digital Marketing Director Farah Baig Director of Film Danny Sokov Social Media Managers Shilu Babu, Rohit Reghunath
6 February 2023 www.bahrainthismonth.com 10 20 22 49 53 32 FEBRUARY HAPPENINGS INTERVIEW FINTECH FEATURE DINING MOTORING COMMERCE ISSUE 306 CONTENTS 38 37 Spring of Culture, nightlife and other events A long-lasting friendship Ambassador of the People's Republic of Bangladesh, HE Dr. Md. Nazrul Islam, discusses the long-standing relationship between the two nations. Food is Love! The best of Valentine’s Day dining at some of the Kingdom’s best hospitality venues. A Luxurious Drive We test drove the Bestune B70S and were pleasantly surprised to experience luxury brand standards and sports car performance. A New Era in Culinary Adventures We speak to Executive Chef at Jumeirah Gulf of Bahrain Resort and Spa, Olivier Catora. Leading professionals in the FinTech industry share their thoughts on the progression of FinTech, their applications in society, and the future of finance. A Divine Experience at Thai We feast on some of the most exceptional offerings at Thai Lounge located at The RitzCarlton, Bahrain. The Other Side of Returns Exploring the rise and fall of crypto, fad investing and risks. 10 20 38 49 32 22 37 53
February 2023 www.womanthismonth.com 8 FEBRUARY ISSUE 238CONTENTS 62 64 66 73 68 67 70 72 www.womanthismonth.com womanthismonth rhmbahrain Valentine’s Day Chic! As Valentine’s Day draws closer, we bring you some of our most-loved outfits and accessories. Bahrain’s Ballerina Marija Rakic talks ballet, Bahrain and building her dream on the island. She also opens up about representing Bahrain in Paris as part of a dance delegation at the UNESCO Headquarters in Paris. Creating a Masterpiece Madhu S., the vibrant personality behind the viral art account Fem Visionary, tells Farah Baig how an act of commitment and passion came together to change her life. In Her Shoes - VarshaBhatia We caught up with the delightful Varsha Bhatia - the Operations Manager at Ramee Grand Hotel & Spa, Seef. Your Valentine’s Day Beauty Essentials Valentine’s Day is just around the corner; here are five products to spoil yourself with this month! Is A New You Really Necessary? Farrah Saville looks at New Year’s resolutions and asks if “letting go of the pressures of new” will be better for all of us. The Personal Balanced Scorecard Eman Deabil, tells us how we can develop our yearly personal plan, evaluate our personal performance and achieve our goals by incorporating a personal Balanced Scorecard. Friends Forever Ouiam El Hassani explains how to help your child be a good friend through playdates. FASHION PEOPLE OPINION BEAUTY 2023 Gulf Air Bahrain Grand Prix With the 2023 FIA Formula 1 World Championship fast approaching, Bahrain International Circuit, “The Home of Motorsport in the Middle East”, held an event to launch the opening round of the 2023 F1 season and Bahrain’s biggest sports and entertainment show, the Formula 1 Gulf Air Bahrain Grand Prix. The event was held at Jumeirah Gulf of Bahrain Resort and Spa, Sakhir. February 2023 www.bahrainthismonth.com/gallery
happenings www.bahrainthismonth.com/events 10 February 2023 WHATS POPPIN FEBRUARY 23 HARTBEAT EXPERIENCE: JACK HARLOW AL DANA AMPHITHEATRE Young American rapper, Jack Harlow, will be performing for the first time in Bahrain at Al Dana Amphitheatre. While Jack Harlow has been performing since 2015, his first major breakthrough came in 2020 with the single ‘What’s Poppin.’ which grew wildly popular on TikTok and skyrocketed him to fame. Following a remix with rappers DaBaby, Tory Lanez, and Lil Wayne, the single then peaked at number two on the US Billboard Hot 100 and went on to receive a Grammy Award nomination. His debut studio album, ‘That’s What They All Say’, was released in 2020 and certified platinum in the US. In 2021, ‘Industry Baby’, (a collaboration with Lil Nas X) reached number one on the Hot 100, becoming Harlow’s first chart-topper. Harlow released his second album ‘Come Home, the Kids Miss You’ in 2022, and its single ‘First Class’ became his second number one on the Hot 100 and first to debut atop the chart. Concert goers can opt for one-day or two-day passes including the Kevin Hart event. Visit aldana.com.bh. HAVE A HART FEBRUARY 23 HARTBEAT EXPERIENCE: KEVIN HART AL DANA AMPHITHEATRE Get ready for a night filled with laughter with none other than worldfamous comedian, Kevin Hart. The stand up comedian needs no introduction as he has been performing across the world and has starred in several sell-out movies since the start of his career. Get ready for a night of live comedy, Kevin Hart style with the Hartbeat Experience! Concert goers can opt for one-day or two-day passes including the Jack Harlow event. Visit aldana.com.bh. FEBRUARY HAPPENINGS AN ELEVATED WEEKEND THURSDAYS AND FRIDAYS WEEKEND PARTIES CHI ROOFTOP (MEISEI, ADLIYA) Party in style every weekend at the oh-so-chic Chi Rooftop. The rooftop was recently relaunched and is the place to be! It offers spectacular views of the city, delectable food and beverages and fantastic nightlife. On Thursdays and Fridays from 8pm to late you can enjoy some sensational beats courtesy of a phenomenal lineup of DJs including Mesut Kutbay, DJ Soufee, DJ Kumru, DJ Yang and resident DJ Salime. Weekend Parties are lit at Chi Rooftop! Entry is free for all. Door policies apply.. Call 35 091-542 or 17 007-770.
happenings www.bahrainthismonth.com/events 11 February 2023 A TEST RUN FEBRUARY 23 AND 25 F1 PRE-SEASON TESTING BAHRAIN INTERNATIONAL CIRCUIT Here’s a fantastic opportunity for fans to enjoy both the Formula 1 Gulf Air Bahrain Grand Prix 2023 and F1’s pre-season testing at a single price. The Bahrain International Circuit has announced that those who have purchased their F1 tickets before February 1, will be able to attend the two open days of the F1 Aramco Pre-Season Testing 2023 at BIC at no extra cost. All ticket-holders will be able to follow the testing from seats along BIC’s Main Grandstand, which offer fantastic views of the F1 teams’ garages along the main pit lane as well as the main straight of BIC’s 5.412-kilometre track layout. These sessions will be the only chance for F1’s superstar drivers and teams to get their challengers out on the circuit in preparation for the start of the 2023 season in Sakhir, set to take place just one week later from March 3 to 5. The F1 Gulf Air Bahrain Grand Prix will be the first of 23 rounds on the 2023 FIA F1 World Championship calendar. Visit bahraingp.com or call 17 450-000. PUT THE PEDAL TO THE MEDAL FEBRUARY 25 BIC 2000CC CHALLENGE BAHRAIN INTERNATIONAL CIRCUIT The BIC 2,000cc Challenge will get racing underway with a 30-minute practice session. Qualifying will then be held from 11.15am, setting the grid for Race One starting at 1.18pm. Race Two will flag off from 2.48pm, with both sprints featuring 12 laps. The BIC 2,000cc Challenge is the longest-running circuit racing championship in the region. It is a home-grown, two-litre series, born and nurtured at BIC and featuring many of the Kingdom’s best racing talents of various ages and nationalities. Andrew Rey and Moaz Elzahrawi were triumphant from the seasonopening round held in November and they will be looking to continue their winning ways against a top-quality field. Meanwhile, the Bahrain Motorcycle Championship will feature two competition categories, including the Superstock 600cc and Superstock 1,000cc. The riders will have their 30-minute Practice session from 10.40am before Qualifying kicks off at 11.55am. They will then line up on the grid for one 12-lap Race, starting at 2.03pm. The meeting’s podium ceremony is scheduled to begin at 3.25pm following the completion of all the action. Visit bahraingp.com or call 17 450-000.
happenings www.bahrainthismonth.com/events 12 February 2023 LADIES, THIS ONE’S FOR YOU EVERY WEDNESDAY CHI LADIES’ NIGHT CHI ROOFTOP (MEISEI, ADLIYA) Ladies, get together and enjoy a glamourous evening at Chi Rooftop! DJs Mesut Kutbay and Kumru Turkmen will set the night with their mesmerising music. Ladies receive two free beverages. Doors open at 8pm. Call 35 091-542 or 17 007-770. FAR EAST BEATS FEBRUARY 12 CHIANG MAI FLOWER MUSIC FESTIVAL WAIKIKI KITCHEN BAHRAIN STEEP YOURSELVES IN ART UNTIL FEBRUARY 25 ONE END: ALWAYS PRESENT AL RIWAQ ART SPACE History is often described as an accumulation of things remembered, experiences and events that are later documented, archived, and used to validate a constructed narrative that gives reason to the present. In this exhibition by artists Aziz Motawa and Mashael Alsaie, expressions of time are critically revisited. Inviting the viewer to contemplate through popular myths, photographic evidence, and possibilities. The works examine prevailing assumptions of our present and future. Using Bahrain as a case study, the artists employ diverse practices to focus attention on the complex nexus of interests that define the modern state. Al Riwaq is open from Saturday to Thursday from 10am to 8pm. Entry to the exhibition is free for all. Call 17 041-192. Renowned Thai rapper P-HOT99 will be performing in Bahrain for the first time ever this month as part of the Chiang Mai Flower Festival. Thailand is known to have one of the world’s most unique traditions and lifestyles, and Thai rap and hip hop adds to their rich music scene. With the rise of Thailand’s rap scene, P-HOT99 has showcased his artistry through a musical landscape of creativity and versatility. Experience the best of Thai rap with P-HOT99 performing some of his most popular hits including ‘Water’, ‘My Girl, Don’t Touch’, ‘Safari’ and ‘Bye Bye’. There’s plenty of entertainment to be enjoyed with live acts, dances, fire shows and more. DJ Andy and DJ Crazy Quais will be spinning some sick tracks too. Pre-sale tickets are priced at BD7 while tickets are priced at BD15 at the door. Call 38 113-360 or 38 400-013.
happenings www.bahrainthismonth.com/events 14 February 2023 SPRING OF CULTURE EVENTS The Spring of Culture festival returns with its 17th edition, bringing with it some of the largest cultural shows and activities from the Kingdom of Bahrain, the Arab region, and from around the world. One of the most notable performances as part of this year’s event is the performance by André Rieu, the ‘King of Waltz’, and the Johann Strauss Orchestra – a regional debut for the world-class violinist. His performances have stunned the world over and André’s incredible musical prowess, passion and charisma make for a magical spectacle and bring joy to millions of people around the world! You’re in store for a mesmerising evening not to be missed. Tickets start from BD20. This event is suitable for those 8 years and older. Doors open at 7pm. Visit springofculture.org. A CULINARY JOURNEY FEBRUARY 1 TO MARCH 31 MUHARRAQ SUPPER CLUB PEARLING PATH MUHARRAQ The Spring of Culture, quite literally, provides us with a golden opportunity to reconnect with and understand Bahrain’s rich culture. The question now is: If Bahraini cuisine had a voice, what would it say about its dishes? Participants will be taken on a culinary journey through four immersive culinary experiences at four different venues within the World Heritage Site: Qal’at Bu Mahir, the Murad House, the Pearling Path Visitors Centre, and the Archaeologies of Green Pavilion. Participants will discover the stories behind Bahraini food through dishes derived from the local environment, as well as the influence of neighbouring regions, trade, and cultural ties throughout history. Fees are applicable at each venue. Pre-registration is required. This activity is for those 18 years and older. Visit springofculture.org. ART FOR THE SOUL FEBRUARY 8 TO MARCH 30 47 LAYERS – HALA MOHAMMED AL KHALIFA HOUSE OF ARCHITECTURAL HERITAGE This exhibition by Hala Mohammed Al Khalifa features 47 works which explore layers of the soul, experiences and places that we find ourselves in as we navigate through various paths in search of clarity and comfort. They may be raw, disturbing, unsettling – but amidst the chaos stability and balance can be achieved. Two main elements are explored: a local traditional fishing tool called “Al Salya”, as well as the artwork itself made of locally produced palm tree paper. The exhibition will be open from Saturday to Thursday from 8am to 1pm and from 4pm to 7pm. Visit springofculture.org. THE KING OF WALTZ FEBRUARY 16 ANDRÉ RIEU AL DANA AMPHITHEATRE
February 2023 15 www.bahrainthismonth.com/gallery Whispers Art Exhibition The Art Centre of the Bahrain Authority of Culture and Antiquities held a solo exhibition titled - Whispers, by artist Mohammed Taqi, in the presence of HE Shaikh Khalifa bin Ahmed Al Khalifa, President of BACA.
happenings www.bahrainthismonth.com/events 16 February 2023 EXPLORING THE SEA FEBRUARY 7 TO FEBRUARY 28 NABEELA AL KHAYER AL BAREH ART GALLERY The artist Nabeela Al Khayer translates what her eyes see into distinctive visual works. Through her exhibition you will explore her delicate artistic palette that mixes colours to convey life concepts deep in the depth of the sea. Each of the artist’s works reflects a part of her soul, which was “dipped” in colour and came out in the form of a unique work of art – brimming with spirit. Entry is free for all. This exhibition is suitable for those 16 years and older. Visit springofculture.org. A JAPANESE FILM EXTRAVAGANZA FEBRUARY 15 AND FEBRUARY 17 2023 JAPANESE FILM FESTIVAL BAHRAIN NATIONAL MUSEUM PRESENTING THE ARTISTS FEBRUARY 28 TO MARCH 28 APPLICATION 001 AL RIWAQ ART SPACE This exhibition showcases the works of the first cohort of the Application 001 residency programme conducted by Al Riwaq. The artists worked within their studios at the Bank House, and completed the space’s three-month Nexus course. During this time, the artists were in constant conversation with the Al Riwaq team to develop their ideas and further their practices. The exhibition is open from Saturday to Thursday from 10am to 8pm. Entry is free for all. This exhibition is suitable for those 16 years and older. Visit springofculture.org. The 2023 Japanese Film Festival, a part of the Spring of Culture festival, will be a must-attend event for fans of Japanese cinema. The event is being organised by the Bahrain Authority for Culture and Antiquities in collaboration with the Japan Foundation and the Japanese Embassy in the Kingdom of Bahrain. The Bahrain National Museum will hold two screenings of two films from the Japanese Film Library DESTINY: The Tale of Kamakura on February 15 and ON-GAKU: Our Sound on February 17. Visit springofculture.org. Here is a fantastic exhibition for those who have a love for both: language and art. Fadwa Ramadan’s trip to Siwa Oasis, Egypt in 2014, has triggered a newfound interest in the Amazigh language, a group of dialects indigenous to North Africa. She utilised Amazigh letters to create monochrome visual forms, devoid of linguistic meaning. Her work evolved with a focus on Amazigh words and poetry. The exhibition will be open from Sunday to Thursday from 10am to 2pm and from 3pm to 6pm. Those wishing to visit the exhibition on Saturday may do so from 3pm to 7pm. Entry is free for all. This exhibition is suitable for those 16 years and older. Visit springofculture.org. THE LANGUAGE OF ART FEBRUARY 12 TO FEBRUARY 26 BEYOND LANGUAGES II FADWA RAMADAN ART CONCEPT SPRING OF CULTURE EVENTS
EXHIBITION WORLD BAHRAIN - SAKHIR 9th- 12th March 2023 Under the Patronage of HIS MAJESTY KING HAMAD BIN ISA AL KHALIFA King of Bahrain
happenings www.bahrainthismonth.com/events 18 February 2023 DIVE INTO NATURE UNTIL MARCH 18 THE LIVING SEA EXHIBITION BAHRAIN NATIONAL MUSEUM Make your way to the Bahrain National Museum for a truly mesmerising look into the world under water. The Living Sea presents the view of two friends, Prince Hussain Aga Khan, a photographer and author whose work has been exhibited worldwide, and Simone Piccoli, award-winning director of underwater documentaries, on the extraordinary diversity of the underwater worlds of three countries: Tonga, Mexico and Egypt. Through this exhibition you can admire beautiful imagery of whales, sharks, seals, fish, dugongs and more. This exhibition is a collaboration with Focused on Nature, the Swiss association created by Prince Hussain Aga Khan to promote, through the power of photography, awareness of environmental causes and to finance some of the best wildlife charities in the world for particular species and ecosystems of interest. This exhibition is suitable for all ages. Museum visitor fees apply. Visit springofculture.org. THE GOLDEN RATIO FEBRUARY 26 TO MARCH 17 THE DIVINE PROPORTION ART CENTRE Art and mathematics are two worlds that may seem completely separate, one is related to aesthetics, sensory and kinetic expression and emotion, while the other involves logic, accuracy, precision and truth. However, researchers who look deep into stereotypes will be able to find a bridge between beauty and abstraction in the world of numbers. Perceiving the beauty of mathematics requires considering pattern formation and merging mathematical topics with art, as it helps make sense of some math topics. Entry is free for all. The exhibition by Dr. Mayasa Sultan Al Sowaidi will be open daily from 9am to 8pm. Visit springofculture.org. SPRING OF CULTURE EVENTS For more events, visit bahrainthismonth.com
February 2023 19 www.bahrainthismonth.com/gallery bystander Bahrain Darts Masters Welcome Reception Bahrain international Circuit (BIC), “The Home of Motorsport in the Middle East”, hosted the official welcome reception and draw for the first-ever Bahrain Darts Masters, supported by the Bahrain Tourism and Exhibition Authority. The prestigious two-day darts extravaganza was held at BIC in Sakhir, opening the 2023 calendar of the PDC World Series of Darts. The night’s draw was held at The Gulf Hotel and it determined the match-ups for the first round of play, featuring eight of darts’ most iconic international superstars who were set to compete against eight leading players from Bahrain and across Asia. FRIDAY Brunch LANTERNS with Live Entertainment BD 15++ Non alcoholic Beverages BD 25++ Selected Beverages 12pm - 4pm Taxes as applicable Lanterns Amwaj: 7777 00 55 Lanterns Adliya: 1724 67 77
interview www.bahrainthismonth.com 20 February 2023 Bahrain and Bangladesh A Long-Lasting Friendship Your Excellency, could you give our readers an insight into your diplomatic career? I belong to the 1995 batch of Bangladesh Foreign Service and joined the mission on March 12, 2020 as the Ambassador of the People’s Republic of Bangladesh to the Kingdom of Bahrain. Before this appointment, I was the Deputy Chief of Mission at the Embassy of Bangladesh in Riyadh, Saudi Arabia. I also served concurrently as Deputy Permanent Representative to the Organisation of Islamic Cooperation from 2015 to 2019. In addition, I served as CDA at our Mission in Beirut, Lebanon, at Bangladesh High Commission in Canberra, Bangladesh Embassy in Baghdad and Seoul in different capacities. Moreover, I had domestic assignments at the Ministry of Foreign Affairs. As for my qualifications, I am a Doctor of Philosophy (PhD) in Water Policy and Governance from the University of New England, Australia, Masters and Honours Degree in Economics from the University of Dhaka. What are some interesting facts and figures you can share with us about the relationship between Bangladesh and Bahrain? Bangladesh and Bahrain have a long history of maintaining excellent ties, beginning with the establishment of diplomatic relationships in 1974, right after the independence of both nations in 1971. December 16, 1971 is our Victory Day of Bangladesh and also the National Day of the Kingdom of Bahrain. A resident diplomatic mission was set up by Bangladesh in Bahrain in 1983 which resulted in the expansion of bilateral ties. In addition, the current Prime Minister of Bangladesh HE Sheikh Hasina visited Bahrain in 1999 to attend the funeral of the late Emir of Bahrain HRH Shaikh Isa bin Salman Al Khalifa. Moreover, we have common values, perceptions, and customs and traditions. There is another common element between both nations; we are peace-loving nations with inclusiveness, diversity, and co-existence of different faiths. The Kingdom of Bahrain has a very significant expatriate population; of this demographic, 150,000 residents are Bangladeshi. We sat down with the Ambassador of the People’s Republic of Bangladesh, HE Dr. Md. Nazrul Islam, to discuss the long-standing relationship between the two nations and potential to boost trade relations.
interview www.bahrainthismonth.com 21 February 2023 How many Bangladeshis live in Bahrain and what industries do they work in? About 150,000 Bangladeshis live in Bahrain working across several sectors including healthcare, banking, and construction. Some of them also own small and medium enterprises including small shops. Several Bangladeshi professionals such as doctors, engineers, and university teachers work in Bahrain. Is there a significant number of blue-collar workers from Bangladesh living in Bahrain? If yes, what provisions are taken to ensure their safety and fair treatment? Yes, there are a significant number of blue-collar workers from Bangladesh living in Bahrain. Before applying at the Labour Market Regulatory Authority (LMRA) for worker visas, a sponsor has to get the Pre-Visa Authentication letter approval from the embassy, for which the sponsor must provide the embassy with a few supporting documents. After their arrival, if the workers face difficulties in receiving their wages, the embassy approaches the Ministry of Labour and Social Development, and Labour Market Regulatory Authority (LMRA). For other safety and security purposes, the embassy keeps contact with the concerned authorities of Bahrain. We are very pleased with the cooperation from concerned authorities in Bahrain for protecting their welfare and rights. I am happy to acknowledge that the Kingdom of Bahrain is a model in the region for protecting rights and providing proper working conditions for bluecollar workers. Bahrain has recently stepped up its trade with Bangladesh. What are the current trade figures between the two countries? Presently, the volume of trade exchange between the two countries is about USD37 million, with Bahrain’s exports reaching USD30 million and Bangladesh’s reaching USD7 million. I am confident that bilateral trade will significantly increase in the coming months. What are some of the products being imported from Bangladesh and what do you think should be added as part of the investment agreement? Bangladesh’s main exports to Bahrain are frozen food, agricultural products, chemical products, jute goods, and other products like ceramic, melamine, garments, fabric, etc. Since the Kingdom imports virtually all its needs, there is considerable potential for Bangladesh to expand its export to the Bahrain market. Bangladesh’s growing IT industry has big potential in Bahrain market. In addition, leather products from Bangladesh may also get its place in Bahrain. In 2015, both countries signed an Agreement on the Promotion and Protection of Investment. I think despite having this key instrument for investment promotion, there has not been much investment in either country. I feel that we can form two committees, one between two Finance Ministers to work on potential sectors for economic, trade, and investment cooperation and another between the Chambers of both countries comprising leading businessmen from both nations. These two committees can work on projects for mutual interests and benefits. I can tell you that we had already developed a similar model between Bangladesh and KSA which helps grow investment ties between the two countries. How do you believe diplomatic relations can be improved between Bangladesh and Bahrain? An important step that needs to be taken by the Bahraini side to boost diplomatic relations is the opening of their embassy in Dhaka, Bangladesh. The Kingdom can appoint an Honorary Consul General in Bangladesh who can promote the interests of Bahrain there. When will the next official visit from Bangladesh to Bahrain take place? The Hon’ble Foreign Minister of Bangladesh, HE Dr. A K Abdul Momen MP, visited Bahrain for the very first time to attend the 18 th IISS Manama Dialogue from November 17 to 19, 2022. In addition, the Foreign Office Consultation (FOC) session was held in Manama on November 20, 2022 at the Undersecretary level, where the Bangladesh delegation was led by Secretary [Undersecretary] of the Ministry of Foreign Affairs of Dhaka, HE Ambassador Mashfee Binte Shams, while Bahrain was led by the Undersecretary of Political Affairs at the Ministry of Foreign Affairs of Bahrain, HE Shaikh Abdulla bin Ahmed bin Abdulla Al Khalifa. Many visits are in the pipeline and the next FOC will be held in Dhaka later this year. We are also expecting an official visit by Hon’ Foreign Minister of Bahrain, HE Dr. Abdullatif bin Rashid Al Zayani, this year. What do you enjoy most about living in Bahrain? Are you currently joined by your family on this mission? The most attractive features of Bahrain are mutual coexistence, religious harmony, liberal culture and freedom. There are many commonalities between our culture and customs. I am enjoying living here along with my wife and three sons. What would be your advice for people from Bahrain visiting Bangladesh? Under the dynamic leadership of our Prime Minister, HE Sheikh Hasina, the daughter of the Father of the Nation of Bangladesh, Bangabandhu Sheikh Mujibur Rahman, Bangladesh is now among the five fastest growing economies in the world, ranking 35 th in terms of GDP. A report by Boston Consulting Group stated that the current half trillion USD GDP of Bangladesh is projected to be USD1 trillion before 2030. So, I welcome Bahraini people to visit Bangladesh to see the development works, progress and prosperity of Bangladesh. Is there anything else you’d like to add? I would like to convey my deep appreciation to the visionary leadership of HM King Hamad bin Isa Al Khalifa and the Crown Prince and Prime Minister, HRH Prince Salman bin Hamad Al Khalifa. Bangladesh has been a true friend of the Kingdom for over 50 years, and Bangladesh will remain a true friend of the Kingdom for many more years to come. We look forward to deeper economic engagement between our brotherly countries.
Technology is advancing at an exceptional pace in recent years, and has had an undeniable impact on several areas of our lives. Of these technological advancements, FinTech has several applications including but not limited to banking, payments, embedded finance and wealth management. These have had a direct impact on the functioning and progression of entire societies, playing a significant role in their short-term and long-term objectives. The Kingdom of Bahrain is no exception to these developments, being at the forefront of digitalisation. Industry leaders, fresh talent, supportive regulations and countless innovations have advanced the Kingdom closer to being a cashless society. This month, we spoke to leading professionals in the FinTech industry to bring our readers up to speed with the most recent FinTech advancements and introductions in the industry. They shared their thoughts on the progression of FinTech, their applications in society, and the future of finance. THE FUTURE OF FINANCE fintech feature www.bahrainthismonth.com 22 February 2023
fintech feature www.bahrainthismonth.com 23 February 2023 The fastest growing financial institution in the Kingdom, Al Salam Bank, prides itself on its digitally-native mindset and deep-rooted ethos in humanising the client journey through personalisation, convenience, and transformative experiences. The bank curates seamless financial solutions that nurture its relationship with its clientele by harnessing databacked insights and state-of-the-art technology. Al Salam Bank’s App comes with an intuitive interface, seamless user experience, advanced cloud-based security, and authentication methodology, enabling users to sign up for an account and get started in a few minutes. Aside from the core digital onboarding features, the app grants Al Salam Bank’s clients complete control over their accounts with a user-friendly dashboard and personalised banking features. It serves as a central launchpad for releasing the Bank’s latest products and services, with an endless list of features enabling clients to easily view account analytics and financing facilities, transfer funds between accounts, make internal transfers or deposits, pay off credit cards, update their KYC details, or top-up accounts. The highly-rated app boasts a number of innovative products and services designed as ‘Digital Experiences’, including the ‘Fils Challenge’, which allows Al Salam Bank’s clients to save a predetermined incremental amount from their main accounts daily for 365 days. The gamification aspect of this feature positions it as a challenge but is flexible, as users can withdraw their savings at any time. Other standout app services range from the Saving Goals feature Al Khardah, recurring payments and target goals, and the Danat Savings Scheme to the Wakala Investment account. Al Salam Bank is dedicated to providing its clients with a complete suite of financial solutions, all easily accessible through the Al Salam Bank App. With its customer-centric approach, Al Salam Bank is truly leading the way in the digital banking revolution. Whether you are looking to manage your finances on-the-go or access a range of innovative financial products, the Bank has you covered. Join the revolution of secure and convenient banking with Al Salam Bank’s mobile application! Download now on the Apple Store or Google Play and experience the ease of managing your finances from your fingertips. Al Salam Bank App: Delivering Transformative Experiences with a PeopleFirst Mindset
interview www.bahrainthismonth.com 24 February 2023 With extensive digitisation worldwide, customer needs in terms of financial services are rapidly changing with quick payments and cashless transactions being at the forefront of demands. The renowned application BenefitPay has played a highly significant role in propelling the Kingdom towards being a cashless society and developing its FinTech sector. Farah Baig speaks to the Head of Business Development and Services at The Benefit Company, Ahmed Al-Mahri, to discuss. BenefitPay was launched in 2017 with a QR payment function in order to serve untapped merchants. Since then, the application has expanded its range of services significantly to include transfers, remittance, tap-and-go payments, fuel payments and more. Mr. Al-Mahri, who has 15 years of experience in the financial sector, has led the application’s development over the years. “Our services have expanded to support our strategy and address the cashless goals of the Kingdom. Today, BenefitPay has one million registered users of which an estimated 750,000 are active users,” he states. Being an infrastructure provider in the country, Benefit has fundamentally contributed to the development of financial services in Bahrain and its movement towards a cashless society. “Benefit helps and assists FinTech companies entering the market in terms of their ease of integration and ease of access to our services in order to support their business cases,” he says. “We would also like to thank the Central Bank of Bahrain for evolving regulations to support those new ideas and new FinTech in a way that protects the customer and develops the ecosystem in the country,” he adds. Mr. Al-Mahri strongly believes that the FinTech sector in Bahrain will continue to adapt and grow with the introduction of new trends. “We, too, stay informed of trends in other markets and adapt them to fit Bahrain’s culture, needs and population,” he states. The short-term objectives of Benefit involves improving their services based on new ideas that provide users with an insight into their spending behaviour while addressing their needs. “Everything you see within the app is an outcome of our open dialogue with our customers; we hear them, and then we add and implement,” he says. “As for long-term objectives, we have a three-year strategy that continues to evolve which has many services that we address, not only on the app but overall to improve the ecosystem for financial institutions in Bahrain.” Due to its ease of use, BenefitPay registered 270 million transactions over the course of the last two years – a figure that is expected to grow with the introduction of new services. “We are now revamping our app with a new look and feel, further amplified by an improved user experience that shall contribute positively towards the adaptation and usage of the app,” he states. “In addition, for points of sale and venues that are cash-based, we try to find solutions with our partners and our great minds here at Benefit to address them in a simple yet effective manner,” he adds. Mr. Al-Mahri believes that the talent employed at Benefit has been a contributing factor to the growth of the company. “Over 95 percent of Benefit’s team is Bahraini and I believe that we are very fortunate in terms of the talent we have. Everything you see here is the outcome of great minds working at Benefit,” he says. “I am positive that there are more individuals in the market waiting to be given a chance to showcase their talents and ideas.” As for his advice for upcoming talents wishing to enter the FinTech sector, Mr. Al-Mahri says: “Always stay up-to-date, always read, and always keep your mind open. There is nothing that is impossible as it relies on the way you execute it. If you focus on addressing a need, you will achieve your goals - this is the key to success for most people.” REVOLUTIONISING FINTECH IN BAHRAIN Scan the QR code to watch the video interview:
Select Remittance from the BenefitPay Homepage Select Fees Calculator Select the Provider and fill in Country, From Card & Transfer Type and select beneficiary Fill in Country, Transfer Type & Amount Select Send Money Compare & get the best money transfer rate the easy way! Remit money internationally on BenefitPay with our new easy to use transfer process. Compare rates from your favourite providers instantly with our built in Remittance Marketplace. Licensed By Central Bank of Bahrain as Ancillary Service Provider.
26 February 2022 www.bahrainthismonth.com/gallery BFC Pay Travel Buddy Launch BFC Payments, the Fintech arm of BFC Group Holdings, launched an advanced multi-currency Visa card, BFC PAY TRAVEL BUDDY, that offers international travellers the convenience of digital payments. The card features fast top-ups anywhere, instant currency conversion, worldwide shopping and dining in multiple currencies at any of Visa’s 80-plus million merchant partners worldwide, and provides cardholders access to Visa Platinum loyalty programs. With the rise in business and leisure travel, a safe and seamless digital payment instrument becomes crucial for travellers. A significant advantage of the BFC Pay Travel Buddy card is the ability to instantly load BHD and transfer to five different currencies in the wallet at attractive exchange rates. The exchange rate lock feature allows the forex (FX) rate to be secured when converting the currency. The BFC Pay Travel Buddy Card is highly economical for international travel, given the higher forex markups charged by other payment solutions.
fintech feature www.bahrainthismonth.com 27 February 2023 THE FUTURE OF FOREX As one of the leading digital FinTech players in Bahrain, BFC Payment’s primary focus is to ease and enhance their customers’ experience. This month, we spoke to the General Manager of BFC Payments, Davis Parakal. Having been in the FinTech industry for over 10 years, Mr. Parakal has established several digital products for leading banks and FinTech companies in Bahrain, India, UAE, Philippines, Malaysia and more. BFC Payments, an extension of BFC Group, provides digital payments services for corporates, customers, and SMEs. The Kingdom was recently abuzz with news of BFC Payments’ latest innovation – BFC Pay Travel Buddy VISA Platinum Card. “BFC has been in the foreign exchange (forex) business for about 100 years now, so we understand this business and customer needs,” says Mr. Parakal. To keep up with changing times, BFC Payments curated the BFC Pay Travel Buddy Card. Being fully digital users can download and register on the BFC Pay app and apply to get their virtual card instantly. “This multi-currency prepaid card gives international travellers the convenience of digital payments. It is economical, offers our best foreign exchange rates and allows users to conveniently manage it all from the BFC Pay app,” he explains. Users can add money to their BHD wallet through payment methods including BenefitPay or debit cards, and transfer to any five currencies. “The customer gets complete control to manage their own money – move money easily or reverse in less than 30 seconds,” he states. “The card also offers protection from foreign exchange volatility through our Forex lock-in feature, so users are safeguarded against currency fluctuations,” he adds. Other benefits include access to Visa Platinum offers and loyalty programmes, instant currency conversion, zero loading fees or FX buy charges on the card. “We have many exciting product enhancements lined up, so I urge you all to apply for BFC Pay Travel Buddy and share your feedback!” concludes Mr. Parakal.
fintech feature Since its establishment in 1984, Arab Financial Services (AFS) has been a pioneer and leader in the region’s payment sector. We speak to the Chief Executive Officer at AFS, Samer Soliman, who lets us in on the key to the company’s success and its range of services. AFS has grown to be the region’s leading digital payment solutions provider and fintech enabler, regulated by the Central Bank of Bahrain and serving over 60 clients in more than 20 countries across MEA – from their offices in Bahrain, Egypt, Oman, and the United Arab Emirates. “A key to AFS’s growth and continued success is our commitment to digital payments innovation and our ongoing investment in the most up-to-date, cutting-edge technologies,” says Mr. Soliman. In 2022 alone, AFS delivered a number of significant and positive developments to propel the FinTech sector and payments landscape both in Bahrain and regionally. “For Bahrain consumers, we launched our proprietary BPay digital wallet and super app offering. Alongside this, we also collaborated with a UAE financial super app JinglePay to further enhance mobile wallet offerings in the market,” he explains. As for merchants and businesses, AFS rolled out the first premium hospitality payments solution in the market, while developing their digital payments solutions for merchants (including AFS Go! and AFS Pay). “We also powered the first Discover Global Network transaction in Bahrain, expanding the range of payments acceptance, and undertook a number of informative payments webinars, in collaboration with Bahrain’s Ministry of Industry and Commerce, to support local business communities,” he states. “Across the banking sector we helped push payments innovation into their corporate programme focused on giving undergraduate Bahraini students a strong payments technology knowledge-based foundation. “Over two months, we provided our iSuites interns with hands-on work experience, giving them opportunities to engage and work alongside different AFS teams and departments, that challenged their understanding of payments,” he explains. “I was delighted to have AFS recognised by the Kingdom’s Ministry of Labour recently, acknowledging our longstanding efforts to attract local talent and help in all aspects of their professional development. AFS iSuites is a good example of how we tap into young talent and nurture it,” he adds. AFS took home two awards at the MEA Finance Awards 2022: ‘Best Payments Solutions Provider – Bahrain’ and ‘Best Technology Executive of the Year for Financial Services’ which Mr. Soliman was honoured to receive. “These awards are a testament to the work AFS delivered over the past year, in the form of exceptional digital-led payments services and solutions. The AFS team are inspired, passionate payments experts working collaboratively towards one goal: payments innovation and digital transaction transformation. We have committed to delivering only the best and AFS’s positive results and achievements reflect that,” he concludes. agendas – helping to convert existing traditional banking services into contemporary, digital payments platforms with solutions ranging from Open APIs to Open Banking. Effectively AFS is propelling the digital transformation of the banking sector in Bahrain and beyond,” he adds. It’s an exciting time for the fintech ecosystem, as emerging fintech solutions are changing the way organisations and end users operate. “The range of solutions from Open banking to Robotics, are all topics of interest to me personally and they are all being implemented at AFS both as solutions for our clients and embedded into our internal systems for seamless processes. We have entered three strategic fintech-enabling partnerships over the past few months with JinglePay, BahrainLife and Xpence which will enhance our products and services offering in the market,” he says. In June 2019, Bahrain began Open Banking services making it the first country in the Middle East to adopt the approach. AFS is invested in playing an important role in this sector to allow banks and end users to benefit equally. “We have also enhanced the introduction of robotics, which we’re proud to say, today, AFS has 25 robots fully integrated into our systems to ensure process automations and timely deliverables,” he states. AFS launched the inaugural ‘AFS iSuites Summer Internship Programme’ in 2022. The COMMITTED TO EXCELLENCE www.bahrainthismonth.com 28 February 2023 Scan to watch the video interview:
www.bahrainthismonth.com 30 February 2023 LOVE IS IN THE AIR This February, Love is in the air at Four Seasons Hotel Bahrain Bay. A magnificent al fresco dining experience by the pool, a romantic Valentine’s Day dinner over the skies, a one-ofa-kind Night Spa to spoil the significant other, and much more awaits guests. Love takes over in February, and Four Seasons Hotel Bahrain Bay becomes the private island of unforgettable Valentine’s Day experiences. A touch of Italian flair at the beach and by the pool, a love-infused à la carte menu at CUT by Wolfgang Puck, an elevated Valentine’s Day dinner at re/Asian over the skies, a special themed brunch at Bahrain Bay Kitchen, and the Night Spa for ultimate romance await those who wish to treat their special one with a Four Seasons memory which is to stay forever. AMORE by the Pool and Beach The romantic vibes of the Italian coast take over the white-sand beach and the poolside of Four Seasons Hotel Bahrain Bay. The Valentine’s Day menu by Executive Chef Leonardo Di Clemente brings a touch of Italian flair to a charming evening outdoors. Di Clemente’s menu starts with Saffron Polenta Espuma with Chioggia Seafood Garden. It continues with Baccala Raviolo with Radicchio Sauce and Polenta Chips, Scallops with Smoked Potato Puree and Lobster Sauce, and Veal Tenderloin with Celeriac, Fermented Black Garlic, and Asparagus. This wonderful al fresco dining experience with the Bahrain Bay view comes with romantic decoration at the table for picturesque moments and the live performance of a violinist and a saxophonist setting the mood on Valentine’s Day. The couples will also enjoy a one-time complimentary access to the beach and spa facilities for two and 20 percent off spa treatments. Beach tables or cabanas are priced at BD180 per couple excluding beverages or BD220 including beverages. Infinity Pool Deck tables are priced at BD135 excluding beverages and BD175 including beverages. The Night Spa to Surprise a Loved One The brand-new experience, Night Spa by Four Seasons, offers an aromatherapy massage at the privatised indoor pool at night, followed by an hour of decadent relaxation at the jacuzzi, including a delicious plate of chocolates, macarons, mixed berries, a bottle of sparkling indulgence, and a bouquet of roses. The Night Spa is at the top of the Valentine’s Day presents list for those who wish to treat their special one to a one-of-a-kind gift. The experience is available throughout February from 11pm to 1am, and is priced at BD280 from Sunday to Wednesday and BD290 from Thursday to Saturday. Call 17 115-000 or visit fourseasons.com/bahrain. Love is universal, as is Valentine’s Day! There’s no better way to celebrate Valentine’s Day than in a beautiful location with your significant other. Create lasting memories over a delectable dinner, divine afternoon tea or a special experience. We explore delectable dining offerings and more from leading properties in the Kingdom. Valentine feature A CELEBRATION OF LOVE
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