BIBF signs research, training deal
Manama, February 3, 2012
The Bahrain Institute for Banking and Finance (BIBF) has signed a key MoU with the Bahrain Association of Banks (BAB) for research and training.
The deal was signed in the presence of BAB chief executive Robert Ainey, BIBF director Garry Muriwai and BIBF Centre for Research head Dr Mohammad Omar Farooq.
The main purpose of the MoU is co-operation between the two organisations, providing joint seminars, conferences and research that are of interest to the banking and business community of Bahrain and the region.
Specifically, BIBF will be the preferred research partner for BAB research projects and endeavours.
'Signing this MoU with the BAB is reflective of mutual strategy in servicing the needs of the financial sector,' Muriwai said.
'BAB has had a long association with Bahrain's financial sector and I look forward to the development of new opportunities in and sharing of research and educational professional development,' he added.
'One of the responsibilities of a banking association is to conduct research and prepare position papers on matters affecting the industry' Ainey said.
'We at BAB are delighted to enter into an MoU with BIBF to collaborate in the areas of research and training, whereby we will leverage the strengths of both organisations to better serve the financial sector,' he added.
'Bahrain needs a strong foundation in research that is commensurate with its enviable position as a regional financial hub,' Dr Farooq said.
'The BIBF Centre for Research is committed and poised to make substantive difference towards bridging the gap that exists in the area of research.
'The collaboration between BAB and BIBF is an important milestone towards building research capacity and fostering a research culture in Bahrain,' he added.-TradeArabia News Service