BAB Hosts Prestigious "Annual Reception for Bahrain Banks" in Washington

TDT | Manama

The Daily Tribune - www.newsofbahrain.com

The Bahrain Association of Banks (BAB) has announced plans to host the "Bahrain Banks Annual Reception" from October 25 to 27 in Washington, DC.

The event will feature a distinguished Bahraini delegation comprising leaders from the government and private financial and banking sectors, central bank governors, ministers of finance and development, senior private sector officials, academics, sovereign wealth fund managers, asset managers, hedge funds, insurance companies, and multinational corporations.

Mr. Adnan Yousef, Chairman of BAB, affirmed that the "Annual Reception for Bahrain's Banks" coincides with the annual meetings of the World Bank Group and the International Monetary Fund. The reception aims to highlight Bahrain's financial services sector and showcase the investment opportunities available in the market. The goal is to attract international institutions to establish their regional headquarters in Bahrain, supporting BAB’s ambitious vision to strengthen international ties and promote economic cooperation for sustainable development in the financial sector.

"This event is a significant occasion for bank leaders and influential figures in the financial services sector from Bahrain and the world to meet, in addition to identifying the advantages that Bahrain can offer as a gateway to the GCC countries and the region," Mr. Adnan said. "It also comes within the framework of efforts to promote investment advantages in the Kingdom in line with the government's policy of attracting more regional and global investments, I also express my appreciation for the great support received by the association from its active members, enabling it to move forward with the implementation of the strategy set by its board of directors."

Dr. Waheed Al Qassim, CEO of the Bahrain Association of Banks, pointed out that the main objective of this event is to highlight the leading role played by banks in the renaissance of the financial and banking services 

sector, and to discuss the latest developments in the financial services industry, as well as the importance of cooperation and knowledge exchange to achieve development and innovation in the financial sector.

Dr. Al Qassim emphasized the significance of the annual World Bank Group and International Monetary Fund meetings, highlighting their role in fostering dialogue among member country officials through various formal and informal consultations. Additionally, several seminars are held in parallel with the meetings, including those organized by media personnel, as the Annual Meetings Seminar Program aims to encourage creative dialogue between delegates from the private sector, governments, and senior IMF and Bank staff.