The Bahrain Development Bank (BDB) recently supported the BIBF Dealing Room, the first educational trading facility of its kind in the region, as part of the Bank’s contribution to the socio-economic development of the Kingdom and in a bid to diversify the economy by investing in the training and development of human capital, primarily within the financial services sector.
BDB’s Chief Executive Mr. Nedhal Saleh Al-Aujan presented a cheque in support of the Dealing room to BIBF Deputy Director Dr. Ahmed Al Shaikh, in the presence of representatives from both organisations.
Mr. Al Aujan expressed his pleasure in the strengthening of the cooperation between BDB and BIBF, and stressed the value of the mutual relationship in further enhancing the expertise within the local banking and financial sector, in particular through the simulation training provided by the Dealing Room facility. He noted that BIBF’s strategic mission to qualify the local workforce corresponds closely to BDB’s objectives of supporting economic growth by equipping Bahrainis with the entrepreneurial expertise and skills required to establish small and medium-sized enterprises (SMEs) – a key driver of economic growth.
Dr. Al Shaikh praised BDB’s commitment to support training and development, and highlighted that the partnership would help bridge the skills gap within the labour market in order to meet the economic development goals of the country.
The BIBF Dealing Room allows students to learn about trading in a real market environment and has launched a series of innovative courses attended by participants from across the region. The Institute has collaborated with specialist training and technology providers in the UK and the US to provide cutting-edge training expertise and technology.
The dealing room also features a live link to the dealing rooms of BIBF’s partners in London, providing participants with unique exposure to live trading in the global markets. A comprehensive range of courses are offered, covering subjects of interest to professionals in the financial sector, including Treasury, Investments, Capital Markets and Risk Management.