Latest news with #BDB
Biz Bahrain
a day ago
- Business
- Biz Bahrain
Bahrain Development Bank Three Prestigious Awards from Global Banking and Finance Magazine for 2025
Bahrain Development Bank (BDB), the Kingdom's leading financial institution supporting small and medium-sized enterprises (SMEs), has won three distinguished awards from the Global Banking and Finance magazine for 2025. The Bank was named as 'Best Digital Transformation Bank in Bahrain,' 'Best Development Bank in Bahrain,' and 'Best SME Bank in Bahrain.' The accolades acknowledge BDB's ongoing efforts to deliver integrated solutions that address the unique needs of entrepreneurs and startups while strengthening the Kingdom's business ecosystem. The Bank continues to solidify its position as an industry leader by investing in cutting-edge financial technologies and providing secure, seamless, and innovative SME banking services. The recognition further highlights the impact of BDB's tailored offerings that fuel SME growth, thereby contributing to national economic progress and sustainable development. The Bank is focused on driving digital transformation and forward-thinking strategies to improve operational efficiency and meet the dynamic demands of the market. Expressing her pride on this achievement, Dalal Al Qais, Group Chief Executive Officer of BDB said, 'We are honoured to receive these esteemed awards, which reaffirm our steadfast dedication to supporting SMEs across Bahrain. This accomplishment stems from the trust of our clients and partners, coupled with our team's relentless work in delivering best-in-class banking experiences. We remain committed to devising solutions that foster entrepreneurship, contribute to economic growth, and reinforce the Bank's role as a vital contributor to attaining the Kingdom's development ambitions.' BDB plays a crucial part in strengthening the Kingdom's entrepreneurial landscape by offering flexible financing programmes, sophisticated banking products, and specialised advisory services. The Bank actively pursues strategic partnerships with entities that share its vision for long-term business sustainability and success. The Global Banking and Finance magazine is a renowned international publication that celebrates excellence within the industry. Awardees are selected based on stringent criteria that evaluates candidates based on financial performance, innovation, customer experience, and development strategy. By winning these coveted awards, BDB reaffirms its leadership in enhancing Bahrain's business environment, advancing the sector, and driving digital transformation in SME banking. To learn more about the award and view the full list of winners, please visit the official winners section on the Global Banking & Finance Review at
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
BDB Highlights the Impact of Its Farmers Market Initiative in Boosting Local Agriculture and Food Security
Bahrain Development Bank (BDB), the Kingdom's leading bank dedicated to supporting small and medium-sized enterprises (SMEs), has released its latest insights on the impact of its Farmers Market initiative in Hoorat A'ali — a key platform driving local agriculture, empowering Bahraini farmers and families, and enhancing food security. This key initiative plays an essential role in providing direct, year-round access to a diverse selection of fresh, locally produced goods, offering farmers a valuable platform to grow their businesses and increase sales. The Farmers Market initiative reflects BDB's active role in supporting national efforts to boost food security, while also advancing several United Nations Sustainable Development Goals (SDGs) — including: No Poverty, Zero Hunger, Decent Work and Economic Growth, and Partnerships for the Goals. The Farmers Market is considered one of the Kingdom's most successful local initiatives, attracting over 200,000 visitors annually. It features more than 50 kiosks, cafes, and restaurants serving freshly prepared local dishes. The market also supports 21 local farmers, 18 Bahraini productive families, and three commercial ventures, all of which contribute to increased domestic production and stimulate the national economy. Given that Bahrain currently imports around 95% of its food requirements, the Farmers Market plays a crucial role in reducing this dependency by nurturing the local agricultural sector. It also encourages the growth of SMEs, in line with the Kingdom's broader economic vision to achieve sustainable development in agriculture.
Biz Bahrain
6 days ago
- Business
- Biz Bahrain
BDB Joins Hope Talents' 'Employee Loyalty Rewards' Programme
Bahrain Development Bank (BDB), the Kingdom's leading bank in supporting small and medium enterprises (SMEs), has announced its participation in the Employee Loyalty Rewards Programme launched by Hope Talents. The initiative offers generous monthly cash prizes to employees across participating organisations, reinforcing a culture of appreciation and engagement in the workplace. BDB's involvement marks a significant addition to its ongoing efforts to cultivate an inclusive and motivating work environment. By embracing innovative incentive schemes that reward commitment and performance, the Bank seeks to elevate job satisfaction and enhance overall productivity. The Employee Loyalty Programme includes three monthly prize draws. The first draw recognises one individual from each participating organisation, while the second features a grand prize open to all personnel across partner entities. The third draw is exclusive to young professionals, awarding BHD 1,000 each month to one winner. Through this initiative, BDB continues to broaden its employee benefits, further embedding a strong sense of corporate value. It meaningfully complements the Bank's internal engagement efforts towards ensuring a positive effect on overall team performance and job fulfilment. Commenting on this occasion, Mrs. Hend Mahmood, Chief Human Resources Officer at BDB stated, 'BDB believes in recognising the efforts of its team and appreciating their contributions. Our participation in this programme is a clear reflection of this belief and of our commitment to offering valuable benefits that strengthen organisational loyalty. We are also proud to be part of a national initiative that deepens connections between institutions and the community while supporting Bahraini enterprises.' For her part, Latifa Mohammed, General Manager of Hope Talents said, 'BDB's inclusion is a strategic step for our initiative, given their pivotal role in empowering national talent. We value this collaboration, which demonstrates the Bank's commitment to adopting innovative approaches to motivate employees and enhance job stability, key components of a productive and sustainable environment.' BDB remains committed to supporting national endeavours that prioritise human capital as a strategic pillar. The Bank continues to invest in people as a core driver of sustainable growth, cementing its position as an attractive and inspiring workplace. Hope Talents is a social development venture under the Hope Fund focused on creating innovative incentive solutions that enhance employee experiences across public and private sector entities, thereby contributing to sustainable organisational growth.
Fashion Network
7 days ago
- Business
- Fashion Network
Mumbai airport facilitates its first hand carriage jewellery export
Mumbai airport has completed its first hand carriage jewellery export, marking a significant milestone for India's gem and jewellery trade. The export, valued at Rs 7.5 crore, was executed directly from the premises of the Bharat Diamond Bourse (BDB). The process involved close coordination between the Gem and Jewellery Export Promotion Council (GJEPC), Customs officials, BDB authorities, operational teams, the trade community, and Customs House Agents, the GJEPC reported on its website. The passenger received the export parcel post-immigration at a designated airport counter before boarding an international flight at 2:00 am on May 20. The successful clearance is part of wider efforts to streamline exports through improved infrastructure and regulatory support. The GJEPC extended its gratitude to all stakeholders involved and confirmed that its new office at the BDB premises has now been notified. A formal notification appointing BDB as the custodian is expected shortly. Industry stakeholders view this development as a key step towards enhancing the ease of doing business in the sector, according to the GJEPC. By enabling direct export from the BDB, the move is expected to reduce transit time, improve efficiency, and reinforce India's standing as a global hub for gems and jewellery.
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
BDB Launches Rewards Campaign for New Current Account Holders
Bahrain Development Bank (BDB), the Kingdom's leading financial institution supporting small and medium-sized enterprises (SMEs), has launched a new campaign that rewards entrepreneurs for opening current accounts. The initiative underscores BDB's continued efforts to simplify banking access and enhance financial inclusion for the SME sector. As part of the campaign, five customers who open their BDB current accounts between 18th and 31st May 2025 will be awarded a cash prize of BHD 500 each. Winners will be selected through a draw conducted under the supervision of the Ministry of Industry and Commerce. This initiative forms part of BDB's broader strategy to deliver accessible and flexible banking services that align with the operational needs of SMEs. Customers opening current accounts during the campaign period will also benefit from the tijara platform, which is Bahrain's first end-to-end digital banking solution built exclusively for SMEs. It empowers entrepreneurs with streamlined account management, seamless transactions, and dedicated features that simplify business banking. Commenting on the occasion, Mr. Ali Al Aradi, Chief Banking Officer of BDB said, 'As a key enabler of entrepreneurial growth in the Kingdom, we remain steadfast in our mission to provide SMEs with agile financial solutions that serve their evolving needs. This campaign highlights our ongoing commitment to financial empowerment and aligns with Bahrain's Vision 2030, which aims to diversify the economy and foster digital innovation.' BDB continues to play a vital role in strengthening Bahrain's SME ecosystem through its comprehensive suite of offerings that include tailored financing products, specialised advisory services, and innovative banking solutions. The Bank also seeks to expand strategic partnerships with public and private sector entities that ensure business sustainability and contribute to long-term economic progress.
