BIBF Participates in GCC Committee of Banking Institutes and Colleges Meeting

The meeting, which takes place under the umbrella of GCC general secretariat, is aimed at exchanging experience and knowledge between Gulf banking institutes and coordinating a number of joint initiatives to support banking education and training in the region.

It was attended by BIBF Deputy Director Dr. Ahmad Al-Shaikh and directors and principals of banking institutions and faculties in the GCC, who discussed the latest developments and best practices in the field of banking education and training. The committee reviewed the organisational and strategic structures of their respective institutions, as well as proposed plans and programmes to enhance the performance of organisations providing banking education and training.

Dr. Al-Shaikh stressed the importance of the meeting in understanding banking challenges faced in the GCC and contributing effectively to meeting its various development needs. He also stressed the need to boost cooperation and exchange expertise among banking education and training institutes to serve the banking sector in the region. Al-Shaikh added that BIBF boasts region-leading experience in supplying the labour market with professionally-trained staff in the banking and financial sector.

He further noted Bahrain’s commitment to establishing a robust banking and financial services industry in support of His Majesty King Hamad bin Isa Al Khalifa’s Economic Vision 2030, and BIBF’s role in enhancing the quality and expertise of the labour market to ensure economic growth and sustainability.

During the meeting, the committee discussed opportunities for cooperation and the mutual exchange of expertise. They also highlighted the opportunities and aspirations for development through enhanced training and education in order to serve the investment, financial services, conventional and Islamic banking sectors, towards the accomplishment of the GCC market’s prosperity goals.

The meeting was held on the side-lines of an interactive seminar on leadership and innovation, organised by the Emirates Institute for Banking and Financial Studies (EIBFS). The seminar was attended by over 800 participants from the banking and financial services industry and included a session on Leadership and Innovation with international author, coach and speaker Dr. Marshall Goldsmith.