logo
NBB Announces Participation as a Platinum Sponsor in the Innovation Summit in Social Housing 2025 with the Introduction of the New Tas'heel+ Mortgage Financing Product

NBB Announces Participation as a Platinum Sponsor in the Innovation Summit in Social Housing 2025 with the Introduction of the New Tas'heel+ Mortgage Financing Product

Al Bawaba24-04-2025

The National Bank of Bahrain (NBB) will be participating as a Platinum Sponsor in the upcoming Innovation Summit in Social Housing 2025, which will be held in collaboration with Eskan Bank and the Ministry of Housing & Urban Planning. Running from 23rd to 25th April at the Exhibition World Bahrain (EWB), the Summit is an event that brings together prominent real estate developers, financial institutions, and government officials to highlight the latest housing initiatives and property financing solutions available to citizens.As a longstanding partner in Bahrain's national housing initiatives, NBB will be showcasing its comprehensive suite of social housing finance offerings, including 'Tas'heel+,' an enhanced product developed to make homeownership more accessible to eligible beneficiaries. The solution makes it easier for Bahrainis to acquire their dream homes or land with greater flexibility and confidence. Applicants will also benefit from an exclusive gift for the first 20 clients. Commenting on the occasion, Subah Abdullatif Al Zayani, Chief Executive – Retail Banking at NBB stated, 'The Innovation Summit brings together key stakeholders from the housing sector working to better serve Bahrainis, and we at NBB remain steadfast towards supporting initiatives that contribute to socioeconomic development. 'Tas'heel+' is a continuation of this dedication to simplify the homeownership journey for eligible beneficiaries. We look forward to seeing the positive impact of this product as we continue to bring personalised mortgage financing solutions for our customers.'NBB's participation in the Innovation Summit underscores its position as a key contributor to national housing endeavours and its continuous support for collaborative projects that address the evolving needs of the Bahraini community.
© 2000 - 2025 Al Bawaba (www.albawaba.com)
Signal PressWire is the world's largest independent Middle East PR distribution service.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency
NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency

Al Bawaba

time3 hours ago

  • Al Bawaba

NBB Launches Fully Digital Supply Chain Finance Solution to Enhance Working Capital Efficiency

The National Bank of Bahrain (NBB) has launched a fully digital Supply Chain Finance solution that connects buyers with their suppliers to enhance liquidity and optimise working capital to facilitate seamless trade and build better commercial ties, NBB's Supply Chain Finance solution, enables suppliers to receive early payments against approved invoices, while offering buyers the opportunity to improve their cash flow cycles. The solution, enabled through DigiCorp platform, reduces the administrative burden typically associated with manual payment processes by automating key interactions across the supply chain, allowing for quicker turnaround times and improved operational on the launch, Hisham Al Kurdi, Group Chief Executive – Markets & Client Solutions at NBB said, 'We are pleased to introduce the Supply Chain Finance solution, which demonstrates our ongoing efforts to provide digital-first services that empower our clients and enhance their business operations.'Vineet Munot, Group Head of Transaction Banking at NBB stated 'This initiative marks another important addition to our growing Transaction Banking offerings portfolio and reinforces our position as a market leader in delivering end-to-end trade finance and cash management solutions.'The solution offers a unique advantage to suppliers, particularly SMEs, by providing timely access to working capital without requiring additional borrowing or utilising existing bank credit lines. By offering attractive rates and a transparent financing process, NBB's Supply Chian Finance solution supports suppliers in maintaining financial stability and meeting their operational obligations more buyers, the solution contributes to more efficient balance sheet management and enables stronger alignment with strategic suppliers through improved payment cycles. By introducing an automated and transparent payment mechanism, buyers can not only streamline their internal processes but also reinforce long-term supplier with NBB's ESG objectives, the Supply Chain Finance solution plays an important role in strengthening the SME ecosystem by offering inclusive access to cost-effective financing. It seeks to build more sustainable and collaborative supply chains, reflecting the Bank's commitment to inclusive economic development. With the launch of NBB's Supply Chain Finance Solution, the Bank continues to expand its suite of innovative products aimed at driving business efficiency, growth, and resilience across Bahrain and the wider region.

Gaza truce fails over unexpected Israeli Obstacles
Gaza truce fails over unexpected Israeli Obstacles

Al Bawaba

time12 hours ago

  • Al Bawaba

Gaza truce fails over unexpected Israeli Obstacles

ALBAWABA - Albanian Prime Minister Edi Rama welcomed Italian Prime Minister Giorgia Meloni with a playful and theatrical gesture on Friday as she arrived in the Albanian capital to attend the sixth summit of the European Political Community, an informal forum that brings together 47 European states. Rama put down his umbrella and knelt down in front of Meloni as she exited her vehicle, his hands joined together in a gesture reminiscent of prayer. Meloni responded with a lighthearted remark after seeing the scenario on video: "You need to stop that, Edi." Later, she joked with reporters, "He only does it to be as tall as me," mocking their obvious height difference—Meloni is 1.63 meters tall, while Rama is over two meters. This is not the first time that Rama has greeted Meloni in this way. As a birthday gift, Rama knelt down in front of her in Abu Dhabi a few months ago and handed her a scarf. The two presidents' close political and personal ties are shown by their recent bilateral cooperation. With support from the Italian government, two controversial migrant processing facilities have been constructed in Albania: a repatriation facility in Gjader and an unutilized facility in Shengjin. Meloni has said that during her visit, she will not be visiting either place. بعد أسابيع من التفاوض الجاد والمسؤول مع الموفد الأميركي، توصلنا إلى صيغة ورقة مقبولة تتماشى مع الحد الأدنى من الأهداف الوطنية ومتطلبات حماية شعبنا، ووافق الموفد الأميركي على عرضها على الجانب الإسرائيلي. إلا أن الاحتلال رفض الورقة، وطلب من الأميركي عرضها علينا كمقترح نهائي — محمود مرداوي (@AAlmrdawy21173) June 1, 2025 The visit comes only days after Albania hosted the 2025 Giro d'Italia, Italy's premier cycling event, sparking media speculation about a political favor between the two nations. Even while no official link has been confirmed, the symbolic move highlights the expanding political and cultural relations between Tirana and Rome.

AlMabarrah AlKhalifia Foundation Announces National Bank of Bahrain as Sponsor of 'Watheq' University Preparatory Program and 'The Takeoff' Career Exhibition
AlMabarrah AlKhalifia Foundation Announces National Bank of Bahrain as Sponsor of 'Watheq' University Preparatory Program and 'The Takeoff' Career Exhibition

Al Bawaba

time3 days ago

  • Al Bawaba

AlMabarrah AlKhalifia Foundation Announces National Bank of Bahrain as Sponsor of 'Watheq' University Preparatory Program and 'The Takeoff' Career Exhibition

AlMabarrah AlKhalifia Foundation (MKF) has announced the National Bank of Bahrain (NBB) as the official sponsor of both the 'Watheq' university preparatory program organized from 14th July to 20th August 2025 and 'The Takeoff' career exhibition, which is set to take place on 28th June 2025 at the Foundation's new headquarters in as a one-day event, 'The Takeoff' exhibition marks its debut this year. It will bring together a group of local and international universities and feature interactive career stations that will allow students to experience various academic and professional disciplines through practical and mentoring activities. The exhibition will also include an AI-powered personalized assessment that will help students explore university majors that align with their skills, interests, and aspirations, enabling them to make well-informed decisions about their academic and career Takeoff exhibition is being organized in collaboration with several leading educational institutions in the Kingdom, including the American University of Bahrain, European University, Bahrain University of Technology, Royal College of Surgeons in Ireland - Bahrain, British University of Bahrain, Bahrain Institute of Banking and Finance, University of Bahrain, and Ahlia the 'Watheq' program aims to empower Bahraini youth with practical capabilities and competencies essential to their professional and academic success. As part of its sponsorship, NBB will also financially support the participation of 120 high school students in The Takeoff exhibition, giving them direct access to university guidance and career exploration on the partnership, Her Highness Shaikha Zain bint Khalid Al Khalifa, Chairperson of the Board of Directors at AlMabarrah AlKhalifia Foundation expressed her appreciation for NBB's continue support of the Watheq program. She commended the sponsorship's crucial role in achieving MKF's goals of equipping Bahraini youth with the capabilities they need to succeed through targeted initiatives focused on education, career guidance, and skills development. Her Highness highlighted MKF's keenness to expand this partnership further and maximize the positive impact of the Foundation's endeavors. Commenting on the sponsorship, Hisham Abu Alfateh, Chief Corporate Communications Officer of NBB said, 'We remain dedicated to empowering Bahrain's youth and supporting projects that prepare them academically and professionally. Our collaboration with MKF reflects our shared vision of investing in the potential of promising young Bahrainis. Through our sponsorship of the Watheq program and The Takeoff exhibition, we reaffirm our belief in the important part that youth play in cultivating a brighter future for the Bahraini job market.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store