New training programme for Bahrain SMEs
Manama, October 31, 2011
Bahrain Development Bank (BDB) and the Bahrain Institute of Banking and Finance signed a MoU for promoting joint programmes in training and development of entrepreneurs and small and medium enterprises (SMEs).
The memorandum was signed at the BDB head office in Manama by BDB chief executive officer Nedhal Saleh Al Aujan and Bahrain Institute of Banking and Finance director Garry Muriwai.
The memorandum on the co-operation encompasses provisions to hold joint training programmes, workshops and related programmes for the training of entrepreneurs and SMEs in Bahrain and the region.
It also proposes sharing of training expertise between the institutions to further strengthen the ongoing development programmes.
'Bahrain Institute of Banking and Finance's strategic objective is to serve the financial services sector through continuous improvement and development of Bahrain's human resources pool,' said Muriwai.
'However as the growth of SMEs and training of entrepreneurs in SME sector are strategic national initiatives it is important that the institute utilise its proven track record to support these initiatives.'
'A vibrant and developing SME sector will also need the support of the financial sector to ensure future development opportunities can be pursued,' said Muriwai.
'BIBF is also engaged in projects to look at how the financial sector can further support the growth of the SME sector,' he added.-TradeArabia News Service