logo
Alsharifi Represents Bahraini Banking Sector on the Board of Union of Arab Banks

Alsharifi Represents Bahraini Banking Sector on the Board of Union of Arab Banks

Biz Bahrain13-05-2025
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi expressed his appreciation for the Union's confidence in appointing him to its Board of Directors and affirmed that this nomination reflects the prominent standing of the Kingdom of Bahrain's banking and financial sector and its significant contribution to advancing the Union's mission of achieving greater Arab banking integration. Alsharifi also underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. In a related context, Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of His Excellency Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape.
The conference featured a distinguished awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Seef Mall to Host Bahrain's Next Generation Business Showdown
Seef Mall to Host Bahrain's Next Generation Business Showdown

Daily Tribune

time42 minutes ago

  • Daily Tribune

Seef Mall to Host Bahrain's Next Generation Business Showdown

TDT | Manama • Quiz show opens August 24 • Students to join company teams • Sector champions face off later Seef Mall will become the stage for a high-energy youth-business competition next month, as the 9th Annual Business Quiz Show returns under the 'Design Your Future' campaign. The event, scheduled to launch on August 24th, will bring together university students and corporate teams in a sector-driven knowledge contest open to the public. The announcement confirms the renewal of Seef Properties' partnership with the campaign, which began its second season in April. With Mastercard as the Knowledge Partner, the DYF initiative continues to encourage young Bahrainis to shape their career paths through real-world engagement. Real-world exposure The competition will unfold across four evenings, with a Grand Finale planned for August 28th. Students will be embedded within company teams, offering them first-hand exposure to leadership, collaboration, and sector-specific challenges. Three themed evenings will focus on Bahrain's economic priorities, including Banking & Finance, Fintech, Insurance, Industry, and Services. Each sector will see four teams competing in fast-paced challenges that test applied knowledge and problem-solving under pressure. Though it began behind closed doors, the Business Quiz Show is now staged publicly in Bahrain's busiest mall, drawing crowds and corporate leaders to witness young talent in action. 'Seef Mall, Seef District, is pleased to host this important event, reinforcing our commitment to empowering the next generation of leaders,' said Ahmed Yusuf, CEO of Seef Properties. 'We look forward to welcoming participants, professionals, and visitors from across the business community.' Public, practical, purposeful Organisers say the quiz show is designed to serve as more than just a contest. It is also a career readiness platform that connects students with experienced professionals and sector leaders in a competitive but supportive environment. 'This platform provides university students with a unique opportunity to engage with top Bahraini professionals in a real-world setting,' said Zahraa Taher, Chairperson of the DYF Advisory Committee. 'We anticipate another exciting season that will highlight youth excellence.' DYF is backed by the Higher Education Council, INJAZ Bahrain, Tamkeen, Lamea, and certified career coaches. Their combined input helps align the competition with the Kingdom's workforce needs and national talent development goals. Final showdown Winners from each sector round will qualify for the Grand Finale, which will close out the contest on August 28th. Organisers expect strong public turnout and participation, as the mall location opens the event to wider community engagement. The full list of participating companies has yet to be revealed, but organisers say the event will continue to spotlight Bahraini talent and elevate youth potential on a national stage.

Bahrain's ‘Khalas' Dates Make a Sweet Comeback
Bahrain's ‘Khalas' Dates Make a Sweet Comeback

Daily Tribune

time42 minutes ago

  • Daily Tribune

Bahrain's ‘Khalas' Dates Make a Sweet Comeback

Bahraini markets are once again buzzing with the arrival of Khalas dates — one of the most sought-after varieties of the season. Shoppers have been flocking to date stalls in search of the fresh, flavorful bite that defines this beloved local fruit. Khalas dates have quickly become the top pick for consumers this July, selling at prices ranging from BD2 to BD2.5 per kilogram, depending on quality. The Khoneizi variety follows closely behind in popularity. Other varieties like Ghura are also available for as low as BD1 per kilogram, while Khawaja dates have just started appearing in stalls. Peak Season from July to September Vendor Mohsen Abu Waleed explained that the peak of the date season runs from around July 10 to August 10. This is when varieties like Khalas dominate the market before making way for other types such as Barhemi, Marzban, and Barhi, with the season concluding in late September when the dates fully ripen. While consumer habits have evolved and alternative snacks are widely available, Bahraini dates still hold a special place in the hearts—and homes—of many families, says Abu Waleed. Behind the Quality: Palm Care is Key Palm farmer Fakher Jumaa highlighted that Khalas is known for its consistent quality across all ripening stages—from the unripe yellow busr to the fully dried tamr. 'It tastes great at every stage, even before it softens,' he said, noting that customers look forward to the seasonal arrival each year. Jumaa also stressed that proper irrigation is essential for date palm trees, as they require more water than most other trees. He advised that fertilizing should ideally take place in early autumn, while winter is best for pruning and pest control since insect activity is minimal during the cooler months. A Gulf Benchmark for Quality Vendor Isa Abdullah added that Khalas dates are currently in high demand thanks to their early ripening and high quality, calling this period the variety's peak production time. Bahrain, he noted, is home to over 150 varieties of dates, including Khoneizi, Ghura, Mubashara, Tabshira, and Tayyar. While the Khalas date is a Gulf-wide benchmark for quality, Isa mentioned that the current batch of Khalas dates is slightly smaller in size, likely due to water shortages or early harvesting. However, he expects larger sizes in the upcoming harvest waves. Despite changing times, the taste of Bahraini rutab continues to bring a seasonal joy that never fades.

Bahraini Women Entrepreneurs Celebrate the Power of "Imtiaz" and Call for More to Join
Bahraini Women Entrepreneurs Celebrate the Power of "Imtiaz" and Call for More to Join

Daily Tribune

time10 hours ago

  • Daily Tribune

Bahraini Women Entrepreneurs Celebrate the Power of "Imtiaz" and Call for More to Join

Winners of the fourth edition of the "Imtiaz" Initiative have called on aspiring Bahraini women entrepreneurs to apply for the upcoming fifth edition. They described the initiative as a life-changing experience that not only elevated their businesses but also empowered them with mentorship, new networks, and confidence to grow sustainably. The "Imtiaz" Initiative, launched by the Supreme Council for Women under the leadership of HRH Princess Sabeeka bint Ibrahim Al Khalifa, wife of HM the King and President of the Council, aims to celebrate, support, and promote young female entrepreneurs in Bahrain. A Boost to Business and Confidence Hessa Al Binflah, founder and CEO of HFD Design Studio, said winning the Imtiaz award marked a turning point in her career. 'It shined a light on my achievements and gave me a roadmap to grow. Through expert mentorship and networking opportunities, I gained insights that would've taken years to uncover on my own,' she explained. She encouraged fellow businesswomen to apply, saying: 'Even participating opens doors to invaluable learning and growth.' Fatima Al Ansari, owner of Fatima Al Ansari Design Studio, described Imtiaz as a game-changer. 'The award boosted my credibility, expanded my client base, and gave my brand stronger visibility both locally and regionally,' she said. For her, Imtiaz was more than a business award — it was a recognition of her impact on society. 'True success is measured by the positive change we bring to our communities,' she said. Creating Impact and Broadening Horizons Dr. Sarah Al Reifi, who runs a women's health center, described her Imtiaz win as a transformative milestone. 'The support, workshops, and expert guidance helped me enhance my center's operations and plan for long-term growth,' she said. The privilege of using the Imtiaz seal on her official branding boosted her center's credibility and visibility in the region — even opening doors to international markets. Mariam Al Mansoori, founder of Jomon, a plant-based dairy alternative brand, said receiving the Imtiaz award gave her a deep sense of responsibility. 'The initiative guided me to re-evaluate my priorities, improve quality, and think bigger,' she said. She also praised the Council's continuous support, especially through networking events and exposure to investors and international business forums. A Platform for Real Change Dr. Mai Ibrahim Mattar, founder of Lightbox Radiology Center, valued the comprehensive evaluation and feedback she received through Imtiaz. 'It helped refine my business strategy and expand our medical services,' she shared. For her, the initiative breaks stereotypes about women in business and showcases their ability to lead and innovate. Lulwa Al Manai, a leather accessories designer and founder of a fashion startup, said Imtiaz helped her brand stand out and gain access to global fashion exhibitions. 'The media and marketing support gave my project credibility, while the business guidance helped boost sales and attract investors,' she said. On a personal level, she credited the program for inspiring her to pursue a master's degree in luxury business in Italy, enriching her expertise in the fashion industry. A Message to Aspiring Entrepreneurs The winners united in encouraging other young women to join the fifth edition of Imtiaz. They highlighted the unique blend of professional development, strategic advice, and community engagement offered by the initiative. More than a competition, Imtiaz is a launchpad for Bahraini women to innovate, lead, and leave a mark on their country's economic future. "Participation alone can be transformative," they said, calling on all aspiring Bahraini women entrepreneurs to take the leap — because this journey could open doors beyond imagination.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store