BIBF seals tech pact
The Bahrain Institute of Banking and Finance (BIBF) has teamed up with digital transformation leader INFINITEWARE in a strategic push to expand high-impact training and consultancy offerings aimed at preparing Bahrain's workforce for the future economy.
Signed on Wednesday, the Memorandum of Understanding (MoU) will see both parties jointly develop advanced learning programmes in artificial intelligence, software engineering and digital transformation, alongside tailored consulting services for corporate clients.
Digital Edge
The move aligns with Bahrain's broader ambitions to foster a digital knowledge-based economy by equipping nationals with in-demand tech skills. BIBF CEO Dr Ahmed AlShaikh described the collaboration as a reflection of a shared vision to build a future-ready workforce.
'This partnership empowers our local talent with the digital capabilities needed in today's labour market,' said Dr AlShaikh. 'It directly supports national development goals for a robust digital economy.'
Market Impact
INFINITEWARE, led by CEO Ameen Altajer, will leverage BIBF's institutional reach to offer bespoke learning experiences and impactful consultancy.
'We are proud to collaborate with BIBF, a respected institution in human capital development,' Altajer said. 'This partnership allows us to deliver market-driven solutions that truly address business needs.'
Tech Partnerships
The agre ement further strengthens BIBF's strategic direction in forming alliances with cutting-edge technology leaders. It also reinforces the institute's reputation as a regional and international training powerhouse, having served professionals in 64 countries since its establishment in 1981.
BIBF's portfolio spans sectors including banking, Islamic finance, insurance, executive education and project management, now with a growing emphasis on digital transformation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
a day ago
- Daily Tribune
Bahrain Pavilion at Expo 2025 Osaka among top global attractions
TDT | Tokyo Four months after opening at Expo 2025 Osaka, the Bahrain Pavilion, themed 'Connecting Seas', continues to showcase the Kingdom's cultural and civilisational heritage in Japan, blending tradition with innovation and welcoming visitors from around the world. Recognised by global architectural platform ArchDaily as one of the top ten must visit pavilions, it offers an immersive journey combining sensory exhibits, architecture inspired by Bahrain's maritime history and Japanese woodworking, a café blending Bahraini and Japanese flavours, an economic showcase of the Kingdom's future, and a heritage themed gift shop. Shaikh Khalifa bin Ahmed bin Abdulla Al Khalifa, President of the Bahrain Authority for Culture and Antiquities (BACA) and Commissioner General of the pavilion, said the participation reflects Bahrain's vision to enhance its cultural and economic presence globally. He noted preparations are under way for Bahrain's National Day at the expo in September to highlight the Kingdom's maritime heritage, artistic creativity, and cultural and economic resilience. Located in the 'Empowering Lives' zone, the 995-square-metre pavilion stands four storeys high with sea views. Designed by Lina Ghotmeh, it is built mainly from wood and cooled naturally by sea breezes, making it one of the most sustainable structures at the expo. The multi sensory exhibition, curated with artists and institutions including Shepherd Studio, Sissel Tolaas, Hassan Hujairi, and La Méduse, explores themes of trade, crafts, industry, pearls, and the environment. The café, led by award winning Bahraini chef Tala Bashmi, serves seasonal menus fusing Bahraini and Japanese ingredients. Staff and volunteers wear designs by Lulwa Al Amin, featuring coastal inspired prints and embroidery. Expo 2025 Osaka runs until October 13. Bahrain's National Day at the pavilion will be celebrated on September 18.
Daily Tribune
3 days ago
- Daily Tribune
Profits, Backlogs Boost UAE Developers
TDT | Manama Emaar Properties and Aldar Properties have reported robust first-half 2025 results, reinforcing the UAE real estate sector's appeal to investors amid rising sales, record backlogs and steady dividends. Dubai's Emaar posted a 34 per cent increase in net profit to AED 10.4 billion for the period, with sales jumping 46 per cent and its backlog reaching AED 146.3bn. Abu Dhabi's Aldar saw net profit rise 24pc to AED 4.1bn, revenue surge 42pc, and backlog climb to AED 62.3bn. Both companies' shares have advanced this year, with Emaar up 15pc and Aldar up 29pc, while maintaining dividend payouts that market watchers say are competitive. The figures come against a backdrop of more than 96,000 property transactions worth AED 322bn in the UAE during the first half of 2025. Luxury momentum The luxury segment remains buoyant, exemplified by Aldar's record AED 400m sale of a mansion at Faya Al Saadiyat, the most expensive residential property ever sold in Abu Dhabi. This, alongside continued demand for off-plan properties, underscores the strength of the upper-end market. A recent eToro survey found that 52pc of UAE retail investors see real estate and construction as the most promising sectors over the next 12 months, further highlighting the sector's role as a preferred investment choice.
Daily Tribune
3 days ago
- Daily Tribune
Efficiency Push Powers Profits
TDT| Manama A sharp improvement in efficiency has helped Al Salam Bank deliver record profits for the first half of 2025, strengthening its position among Bahrain's fastest-growing lenders. The cost-to-income ratio fell from 49.9% to 45.3% in just one year, underscoring the bank's drive to get more value out of every dinar spent. Efficiency push pays off Net profits attributable to shareholders climbed 30.9% to USD 98.2 million for the six months to June 30, up from USD 75 million a year earlier. Return on equity rose to 16.9% from 15.6%, while earnings per share increased 29.0% to USD 31.8 cents. The bank credited its core banking growth and a series of optimisation initiatives for the results. The efficiency gains came alongside balance sheet growth. Total assets rose 10.8% to USD 20.76 billion, with financing assets up 8.3% to USD 10.52 billion and customer deposits growing 7.1% to USD 14.07 billion since the end of 2024. Capital strength supports growth Shareholders' equity expanded by 11.7% to USD 1.07 billion, bolstered by the record profit and a USD 450 million Additional Tier 1 capital issuance. This pushed the capital adequacy ratio to 25.2% as of June 30, compared with 24.8% last year. H.E. Shaikh Khalid bin Mustahail Al Mashani, Chairman of Al Salam Bank, said the ability to sustain growth despite volatile global markets was a defining strength, pointing to the role of strong fundamentals and disciplined risk management. Forward-looking strategy Group CEO Rafik Nayed said the efficiency drive was part of a broader plan to invest in digital innovation, expand regional capabilities through ASB Capital, and strengthen client relationships. He added that the bank would continue to focus on both banking and asset management for long-term, diversified growth. The bank's full, reviewed financial statements are available on the Bahrain Bourse and Dubai Financial Market websites.
