Bahrain’s BIBF signs MoU with LIBF to strengthen cooperation

By Shilpa Annie Joseph, Official Reporter
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Officials during the signing ceremony | Courtesy: BNA

The Bahrain Institute of Banking and Finance (BIBF) has signed a Memorandum of Understanding (MoU) with the London Institute of Banking and Finance (LIBF) in order to strengthen cooperation and the exchange of expertise in banking, finance training, and education.

The agreement aims to facilitate the exchange of expertise to develop capabilities in the field of finance, Islamic finance, digital transformation, leadership and management, as well as sustainable development.

Furthermore, it intends to enhance the ongoing partnership to broader horizons. The MoU was signed on the sidelines of the official visit of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, and Prime Minister of Bahrain, to the United Kingdom.

Dr. Ahmed Abdul Hameed Al-Shaikh, Chief Executive Officer of BIBF, affirmed the institute’s keenness to strengthen relations with various prestigious academic, professional, and international institutions, including the LIBF, stressing the institute’s commitment to developing the competencies of national cadres in various fields, through qualifications and joint programs.

Dr. Al Shaikh further added that “the MoU with London Institute of Banking and Finance reflects the keenness of the two parties to enhance cooperation in exchanging expertise, in order to develop knowledge and skills, noting the importance of strengthening cooperation and providing more educational, training, academic and professional opportunities for students and workers in various fields, that would contribute to developing the skills of national cadres and providing them with the necessary expertise to be the employees of choice in the labor market.”

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