Standard Chartered and Bahrain FinTech Bay Select Ten Female-Led Startups for the Sixth Cohort of Futuremakers Women in Tech Programme
The Futuremakers Women in Tech programme reflects the continued commitment to contributing to supporting the potential of Bahraini women in tech. To date, the Women in Tech Bahrain programme has supported over 51 female founders and awarded more than $310,000 in funding since it launched in 2020.
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Biz Bahrain
11 hours ago
- Biz Bahrain
Bahrain launches first Consumer Protection National Youth Programme in GCC
The Ministry of Industry and Commerce and the Ministry of Youth Affairs announced the launch of the pioneering national initiative 'Consumer Protection Ambassadors,' targeting ambitious Bahraini youth aged 24 to 30, encouraging them to actively participate in supporting community awareness efforts in consumer rights protection. The programme will run from July to August 2025 for two months. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, emphasised that the initiative stems from the Ministry's belief in the importance of involving youth in building the future. It also aims to enable participants to gain practical and field skills in consumer protection by engaging in workshops and awareness campaigns in cooperation with the specialized teams in the Ministry's Consumer Protection Directorate. He underscored the Ministry's commitment to providing a comprehensive training environment that includes theoretical training programmes on fundamental consumer protection concepts and relevant regulations and laws, as well as practical training through real participation in receiving consumer complaints and ensuring effective communication with consumers. Minister Fakhro noted that what distinguishes this pioneering national youth programme, the first of its kind in the Gulf and Arab region, is the awarding of the title 'Consumer Protection Ambassador' to participants who complete the program, along with experience certificates in the field of consumer protection and training opportunities, in addition to incentive financial rewards for outstanding participants provided by the official entities sponsoring the initiative. Rawan bint Najeeb Tawfiqi, Minister of Youth Affairs, highlighted that this national youth initiative in consumer protection represents an advanced model of integration between the Kingdom's institutions in building an aware and qualified generation of youth. She commended the cooperation with the Ministry of Industry and Commerce in launching this programme. She emphasised that this initiative contributes to empowering youth to play a pivotal role in promoting a culture of conscious and responsible consumption, in line with the goals of the National Youth Empowerment Strategy. She noted that what distinguishes this initiative is its combination of theoretical and practical training. Minister Tawfiqi said that awarding the title 'Consumer Protection Ambassador' forms an important moral and professional incentive that instills discipline among youth and enhances their appreciation of their roles in building society. She underscored that the Ministry of Youth Affairs is keen to support national initiatives that reflect a spirit of innovation in preparing and qualifying youth, expressing her confidence in the ability of Bahraini youth to excel in all domains. BNA(R)
Daily Tribune
21 hours ago
- Daily Tribune
Price of deception
Top court upholds jail terms in Tamkeen fraud over fake job contracts Bahrain's top court has upheld prison terms for two men who faked job contracts for 23 ghost workers in order to extract BD86,000 from Tamkeen's employment support fund. The Court of Cassation confirmed the three-year jail sentences handed to both defendants. The first was also fined BD5,000 and will be deported once he completes his sentence. The second was ordered to pay BD1,000. Acquittal In the same ruling, judges overturned an earlier acquittal and sentenced a third man to three years in prison and a BD1,000 fine. The scheme involved bogus employment paperwork and forged wage transfers submitted to Tamkeen, which had been running a fund to support private sector jobs. The contracts named 23 people who were never employed and never worked at the company listed. Although the firm was registered with the Ministry of Industry and Commerce, and had enrolled the so-called employees with the Social Insurance Organisation and the Ministry of Labour, it had no active premises. Field visits carried out by Tamkeen found no trace of operations at the address on record or anywhere else. The Public Prosecution said the first defendant submitted fake contracts bearing forged signatures to make it appear that real salaries had been paid. Investigators said the aim was to tap into Tamkeen's payroll support. The Fourth Lower Criminal Court sentenced the first and second defendants to prison and fined them. The first was also to be deported. Appeal A third man was cleared at trial but later convicted on appeal. The High Criminal Appeals Court upheld the sentences for the first two. The Public Prosecution challenged the acquittal of the third man, leading to the Court of Cassation's decision. The complaint was filed by Tamkeen with the Anti-Corruption Directorate, part of the General Directorate for Combating Corruption and Economic and Electronic Security. The directorate's findings confirmed that the business owner had worked with two others to present fake paperwork and siphon money from the fund. The second defendant was charged with forging ten contracts, while the third was also found to have been involved in forging documents and aiding the first in claiming the funds. The court ordered the confiscation of the seized material.
Daily Tribune
a day ago
- Daily Tribune
Mentorship Programme Reaches 150 Milestone
TDT | Manama CFA Society Bahrain has marked a key milestone in Bahrain's financial workforce development, completing its 150th mentor-mentee pairing under the Qodwa mentorship programme. The seventh cycle of the initiative concluded this week, with 18 participants graduating in a ceremony supported by longtime partner Ahli United Bank. Qodwa, launched in 2018, is the flagship mentorship platform of CFA Society Bahrain. It connects experienced investment professionals with aspiring talents eager to grow in areas such as portfolio management, advisory, and financial analysis. Over seven cycles, the programme has engaged 80 mentors and delivered more than 120 hours of structured training. Structured growth for future leaders Speaking at the close of the cycle, Zeeba Askar, President of CFA Society Bahrain, described the programme as a journey of meaningful impact and excellence. She said the Society is committed to evolving Qodwa further to meet emerging market needs and support the Kingdom's broader financial development. 'We take great pride in witnessing the graduation of this seventh cohort,' Askar said. 'This milestone reflects our ongoing effort to build a skilled, confident, and competitive local finance community.' She also credited Ahli United Bank for its continued role in supporting the programme's success. Ahli United Bank reaffirmed its strategic commitment to Qodwa, describing it as a key element of its long-term social responsibility and human capital strategy. The bank said its focus on mentorship reflects its belief in preparing the next generation of national leaders in the financial sector. 'Our partnership with CFA Society Bahrain supports our shared goal of empowering Bahraini youth and building a capable, future-ready workforce,' the bank stated. The Qodwa programme is tailored to develop practical, leadership-focused skills. It includes mentor training to ensure that coaches are equipped with essential guidance techniques and that mentees benefit from both technical and soft-skill development. Each cycle is designed not just to build knowledge but to foster a dynamic exchange between seasoned professionals and emerging talent. Participants are guided through academic, behavioural, and career-oriented challenges with the goal of accelerating professional growth.
