Latest news with #AmerMarhoon
Daily Tribune
2 days ago
- Business
- Daily Tribune
Tamkeen launches updated financial services sector skills report
The Labour Fund 'Tamkeen' announced the release of the updated Financial Services Sector Skills Report, as part of the 'Skills Bahrain' initiative and developed in collaboration with private sector stakeholder holders, government entities, and education and training providers. The report builds upon the findings of the initial report published in 2022, which provided an overview of the needs of the workforce in the sector and identified its skill gaps. The latest version reflects the sector's evolving landscape, with updated content aligned to current labour market developments and the Core Skills Framework launched in 2024. The report categorizes sector activities using international standards tailored to Bahrain's context, covering banking, insurance, asset management, financial markets, and financial technology (FinTech). The financial services sector plays a pivotal role in Bahrain's economy, surpassing oil and gas as the largest contributor to the Kingdom's GDP, accounting for 17.8%. The sector employs approximately 14,362 individuals, with Bahrainis representing 70% of the workforce, according to the 2023 Labor Force Survey published by the Central Bank of Bahrain. The report outlines key trends shaping the future of the sector, including rapid digital transformation and the growing prominence of FinTech. It also highlights increasing demand for specialized skills in areas such as cybersecurity, data analytics, and financial risk management. In addition, it identifies emerging roles, including actuaries, data analysts, compliance officers, and credit officers. There is also a growing focus on Environmental, Social, and Governance (ESG) practices, with sustainability officers becoming a priority for financial institutions as they integrate ESG practices into business strategies, investment decisions, and risk management processes in alignment with global and local frameworks. Mr. Amer Marhoon, Managing Director of Skills Bahrain, stated:"This report highlights the importance of investing in the development of skilled national talent to meet the demands of a rapidly changing sector. As digital transformation accelerates, the need for advanced technical skills in fields such as cybersecurity, artificial intelligence, and data analysis continues to grow. The report also highlights the need to guide the next generation towards emerging specializations such as ESG, which can further strengthen Bahrain's position as a leading financial hub both regionally and internationally.'
Biz Bahrain
3 days ago
- Business
- Biz Bahrain
Tamkeen Launches Updated Financial Services Sector Skills Report under 'Skills Bahrain' initiative
The Labour Fund 'Tamkeen' announced the release of the updated Financial Services Sector Skills Report, as part of the 'Skills Bahrain' initiative and developed in collaboration with private sector stakeholder holders, government entities, and education and training providers. This update is part of ongoing efforts to enhance workforce skills, improve productivity, and support sustainable economic growth in the Kingdom of Bahrain. The report builds upon the findings of the initial report published in 2022, which provided an overview of the needs of the workforce in the sector and identified its skill gaps. The latest version reflects the sector's evolving landscape, with updated content aligned to current labour market developments and the Core Skills Framework launched in 2024. The report categorizes sector activities using international standards tailored to Bahrain's context, covering banking, insurance, asset management, financial markets, and financial technology (FinTech). The financial services sector plays a pivotal role in Bahrain's economy, surpassing oil and gas as the largest contributor to the Kingdom's GDP, accounting for 17.8%. The sector employs approximately 14,362 individuals, with Bahrainis representing 70% of the workforce, according to the 2023 Labor Force Survey published by the Central Bank of Bahrain. The report outlines key trends shaping the future of the sector, including rapid digital transformation and the growing prominence of FinTech. It also highlights increasing demand for specialized skills in areas such as cybersecurity, data analytics, and financial risk management. In addition, it identifies emerging roles, including actuaries, data analysts, compliance officers, and credit officers. There is also a growing focus on Environmental, Social, and Governance (ESG) practices, with sustainability officers becoming a priority for financial institutions as they integrate ESG practices into business strategies, investment decisions, and risk management processes in alignment with global and local frameworks. Mr. Amer Marhoon, Managing Director of Skills Bahrain, stated: 'This report highlights the importance of investing in the development of skilled national talent to meet the demands of a rapidly changing sector. As digital transformation accelerates, the need for advanced technical skills in fields such as cybersecurity, artificial intelligence, and data analysis continues to grow. The report also highlights the need to guide the next generation towards emerging specializations such as ESG, which can further strengthen Bahrain's position as a leading financial hub both regionally and internationally.' The report emphasizes the importance of ongoing collaboration between government entities, financial institutions, and education and training providers to ensure that the labor market is equipped with agile, future-ready talent. It serves as a key reference for individuals seeking to enter or advance within the sector and will help shape Tamkeen's future programs and initiatives in line with the sector's priorities and labor market needs. Skills Bahrain is an initiative that operates under the umbrella of the Labour Fund 'Tamkeen' which seeks to fill the skills gap of local talent resulting from the constant changes and development in the global labor market. Skills Bahrain works closely with employers, education & training providers, and government stakeholders, to bridge the skills gap by providing its stakeholders with the necessary intelligence, sector-specific data, and necessary tools. It contributes to the transition from education to employment, and provides a clear path towards career development, therefore developing skilled and globally competitive Bahraini talent.
Daily Tribune
24-06-2025
- Business
- Daily Tribune
Counselors Rewire Student Futures
TDT | Manama A hundred career counsellors are at the centre of a quiet revolution in Bahrain's education system, trained to turn labour data into student guidance in a first-ofits-kind collaboration between Skills Bahrain and the Ministry of Education. The initiative is designed to rewire the role of school advisors, shifting them from academic helpers to informed navigators of a fast-changing labour market. Armed with data-rich digital tools, these counsellors are now expected to guide students into sectors where real opportunities lie, using a national platform that maps emerging careers, skill requirements, and industry demand. Tools for the future The workshop, led by Skills Bahrain, an initiative under the Labour Fund (Tamkeen), introduced career advisors to a suite of new tools: Sector Skills Reports, Career Pathways Maps, and the National Occupational Standards. All are aimed at helping students make decisions based not just on interest, but on evolving job market realities. At the heart of this ecosystem is the Employability Skills Portal, developed in partnership with the Information & eGovernment Authority. The platform gives students, parents, employers, and educators access to live insights on market needs and skills in demand, turning labour data into a shared compass for the next generation. Classroom to economy Through a mix of demonstrations and group exercises, the workshop trained counsellors to embed these tools into daily practice, moving beyond generic advice to tailored guidance linked directly to national economic strategies. Assistant Undersecretary for Education H.E. Ibrahim Ali Al Burshaid praised the partnership, calling it a key move toward transforming how schools prepare students for the workforce. 'This initiative supports our strategic vision to integrate real-world career insight into the educational journey,' he said. Bridge to Bahrain's next workforce Skills Bahrain Managing Director Amer Marhoon said the goal is to empower students with 'accurate information that allows them to make informed decisions,' and to ensure counsellors have the intelligence needed to support them. He noted that the initiative also marks a shift in how education policy is executed, with schools becoming active participants in shaping Bahrain's labour supply in line with national goals. As Bahrain accelerates its transition to a data-driven, knowledge-based economy, guidance counsellors, once seen as sideline advisors, are being recast as frontline agents in the country's workforce strategy.
Biz Bahrain
24-06-2025
- Business
- Biz Bahrain
'Skills Bahrain" and the Ministry of Education Held a Workshop to Support Student Development and Career Pathway Guidance
Skills Bahrain – an initiative under the Labour Fund (Tamkeen) organized a workshop in collaboration with the Ministry of Education, aimed at enhancing the capabilities of school career guidance counselors. The workshop brought together 100 counselors from secondary schools across Bahrain. The workshop provided an overview of key tools and resources developed by Skills Bahrain, including the Sector Skills Reports, Career Pathways Maps, and National Occupational Standards. These resources aim to help students better understand the jobs and skills in demand and align their development with the evolving needs of the labor market. The workshop also introduced the Employability Skills Portal, developed by Skills Bahrain in partnership with the Information & eGovernment Authority, as a platform that offers valuable labor market insights for students, parents, jobseekers, employers, and education and training providers. The workshop included a hands-on training on how to use the Employability Skills Portal and the Skills Bahrain website through group activities with the counselors. Practical activities were also conducted to support career counselors in using these tools effectively and in guiding students toward educational and career choices that align with their interests and labor market trends. Ibrahim Ali Al Burshaid, Assistant Undersecretary for Education at the Ministry of Education, praised the strong and productive partnership with the Labour Fund (Tamkeen) and its initiative, Skills Bahrain. He highlighted that this collaboration supports the Ministry's strategic vision of fostering partnerships to advance the development of educational services in schools across the Kingdom of Bahrain. On this occasion, Amer Marhoon, Managing Director of Skills Bahrain, stated: 'We believe in the importance of equipping students with accurate information that empowers them to make informed decisions about their education and career paths. This collaboration with the Ministry of Education marks a key step in ensuring that career counselors are supported with the latest tools and insights that reflect the demand of the labor market.' Skills Bahrain is an initiative that operates under the umbrella of the Labour Fund 'Tamkeen' which seeks to fill the skills gap of local talent resulting from the constant changes and development in the global labor market. Skills Bahrain works closely with employers, education & training providers, and government stakeholders, to bridge the skills gap by providing its stakeholders with the necessary intelligence, sector-specific data, and necessary tools. It contributes to the transition from education to employment, and provides a clear path towards career development, therefore developing skilled and globally competitive Bahraini talent.
Daily Tribune
21-02-2025
- Business
- Daily Tribune
Tamkeen-Skills Bahrain and Bahrain FinTech Bay Highlight Emerging Jobs and other Key Insights
Skills Bahrain, an initiative under the umbrella of the Labour Fund (Tamkeen), in collaboration with Bahrain FinTech Bay, held the 'Future Skills – Fintech' event on February 19. The event brought together industry leaders, regulators, and fintech professionals to discuss the findings of the latest Fintech Sector Skills Report produced by Skills Bahrain in partnership with Bahrain Fintech Bay. The report highlights labor market trends, skill gaps, and opportunities in the sector. This initiative is part of Skills Bahrain's ongoing efforts to guide local talent and highlight the skills and jobs that are in demand within key economic sectors. Additionally, it showcases BFB's drive to strengthen Bahrain's position as a fintech hub. The discussions focused on the skills needed to meet industry demands, education and training opportunities for Bahraini professionals, and strategies to bridge talent gaps. Speaking on the initiative, Amer Marhoon, the Managing Director of Skills Bahrain, emphasized that the Fintech Sector Skills Report serves as a benchmark in addressing the trends within the fintech landscape. He added, 'We are committed to equipping the Bahraini workforce with the necessary information to help guide them make education and career decisions that better align with the demands of a rapidly evolving digital economy. The Fintech Skills Report, which was developed with industry leaders from the sector provides valuable insights on the skills and jobs that Bahrain's labor market needs, and this in turn allows Tamkeen to develop its training programs based on labor market insights from the industry.' Bader Sater, the CEO of Bahrain FinTech Bay, commented: 'The findings of this report will serve as a foundation for shaping future initiatives that enhance the capabilities of Bahrain's workforce and position the Kingdom as a leader in fintech innovation.' Tamkeen's support for the fintech sector aligns with its broader strategy to increase employment, enhance career development, and support enterprises. The partnership between Skills Bahrain and Bahrain FinTech Bay reflects a shared commitment to equipping Bahrain's workforce with the expertise required to drive the industry forward. The report can be found on
