www.bahrainthismonth.com business bites 38 October 2021 In light of supporting the digital transformation strategy in the Kingdom of Bahrain, the Telecommunications Regulatory Authority (TRA) issued the first license to execute e-signature and trust services to BENEFIT Company. “Through licensing trust and e-signature services, TRA seeks to keep pace with the latest technologies and developments to carry out its tasks and perform its duties to achieve the strategy of the digital transformation. The increased use of e-signature will help to enhance the efficiency of administrative work and the level of performance of government and private services in accordance with rapid technological trends,” states TRA’s Director of Cyber Security & Technical Affairs, Eng. Mohamed Alnoaimi. «BENEFIT has invested in establishing an advanced technical infrastructure according to the very best international practices to meet the requirements of this license,” says BENEFIT’s Assistant General Manager for Information Technology, Riyadh Al-Maraj. Trust and e-signature services come within the package of servicers as per the legislations and laws of the Kingdom of Bahrain in accordance with the provisions of Articles (20) and (21) of the Electronic Communications and Transactions Law. A SOUND STRATEGY TOWARDS DIGITAL TRANSFORMATION The Chairman of The Internet Society’s BahrainChapter, Ahmed Al Hujairy, has announced his participation as a keynote speaker at the renowned technology conference and exhibition, GITEX 2021, which will be held from October 17 to October 21 at the World Trade Center, Dubai. “The Kingdom is ready to shift towards smart cities that integrate advanced technologies such as artificial intelligence for several reasons including the existence of an advanced ICT network, fast internet at a reasonable cost, and the citizen’s high awareness of handling modern technologies, in addition to the small geographical area being a conducive factor in implementing the concept of smart cities flexibly and quickly,” says Mr. Al Hujairy. During the event, he will also highlight the vast and growing uses of AI in the energy industry such as creating and operating smart grids, accurately forecasting citywide production and demand, and crafting better renewable energy solutions and materials. The Bahrain Technology Companies Society (BTECH) and WorkSmart for Events Management will organise the Bahraini National Pavilion at GITEX 2021 for the 15th consecutive year with the aim of contributing to the development of the ICT sector in the Kingdom of Bahrain. A SPOTLIGHT ON AI AND SMART CITIES The Bahrain Institute of Banking and Finance (BIBF) announced a strategic partnership with Gulf International Bank (GIB) where the bank will sponsor a lecture hall in the new BIBF building at Bahrain Bay, scheduled to be completed at the end of this year. The sponsorship of the hall, which will be named the GIB Hall, is in line with the bank›s strategy of supporting the development of human capital in the labour market. The new BIBF building, one of the most prominent development projects in the Kingdom of Bahrain, constitutes a milestone in the development of the financial services sector in Bahrain and the region. Work on the new BD12 million BIBF building started at the beginning of 2020. With a total area of 2 5,000 square meters and a distinct waterfront, the building will accommodate a larger number of students in the future. The building will be equipped with the latest technologies in the field of education, ensuring the highest levels of efficiency and innovation and the best services to trainees. IN THE BEST INTEREST OF EDUCATION
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