Mumtalakat and ARP Group Plan AI Native Wholesale Bank in Bahrain
Nov 01, 2026
Banking
Mumtalakat Partners with SandboxAQ to Build Bahrain’s Biotech Ecosystem
Oct 27, 2025
Bahrain’s sovereign wealth fund Mumtalakat has entered a strategic partnership with SandboxAQ to develop a biotech ecosystem using AI and quantum technologies. The three-year collaboration aims to generate over $1 billion in biotech value for the Kingdom.
Bahrain Mumtalakat Holding Co. and SandboxAQ have formed a strategic partnership to accelerate the development of a biotech ecosystem in Bahrain, announced in a press release.
Under the agreement, Bahrain will license SandboxAQ’s software and quantitative AI expertise to identify and develop drug targets and new therapeutics. The collaboration is expected to generate more than $1 billion in biotech assets for the Kingdom.
A joint research committee will oversee a three-year program focused on creating innovative drugs and positioning Bahrain as a regional biotech hub. The partnership supports Mumtalakat’s ongoing portfolio diversification strategy and its goal of fostering growth in the health sector.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like Enterprise AI Brief, Life AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Enterprise
Nov 13 ETR survey: Claude leads enterprise AI tools on satisfaction and spending plans Nov 13 Peter Sarlin's PostScriptum takes majority stake in Finnish AI deployment firm Brillian Nov 13 Gondola says Codex lifted engineering output 25% as revenue more than doubled Nov 13 DuPont teams with Microsoft and NobleAI to speed up R&D with AI Nov 13 Korean AI startups fear Huang exit could delay planned NVIDIA investmentsMore from Life Sciences
Nov 13 Bracco and Avicenna.AI win FDA clearance for AI that flags brain aneurysms on CT scans Nov 13 Zus Health raises $33 million to build the data layer for healthcare AI Nov 13 Google DeepMind releases AlphaGenome 2 to predict DNA variant effects in specific cell types Nov 13 Taiwan hospital accelerator T+ MedIC names AI ECG and CT screening tools as first winners Nov 13 Sheinbaum meets OpenAI president Greg Brockman on AI in Mexican healthcareFree newsletter
Enterprise AI Brief
Weekly report on AI business applications, enterprise software releases, automation tools, and industry implementations.
Market report
.png)
2025 Generative AI in Professional Services Report
Thomson Reuters
This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.
Read moreYou may also like
Bay emerges from stealth with $50 million to stop AI agents taking dangerous actions
Nov 10, 2026
Funding
Atlas Bio raises $12.5 million for virtual drug trials
Oct 27, 2026
Healthcare
Aramco Closes Deal for 49% HUMAIN Stake With $2.6 Billion Cash Contribution
Nov 01, 2026
Data Centers
Potential Sciences Raises Eight Figure Round With Sovereign AI Backing
Nov 05, 2026
Funding
Phaze Ventures Launches Two AI and Deeptech Funds Targeting $75 Million
Nov 01, 2026
Funding
Free, six days a week
Daily AI Brief: the AI news that matters, in your inbox.