BAB and Union of Arab Banks Strengthen Strategic Partnership

TDT | Manama
Email : editor@newsofbahrain.com

In a landmark initiative to strengthen regional banking ties, Dr. Waheed Al Qassim, CEO of the Bahrain Association of Banks (BAB), met with Dr. Wissam Fattouh, Secretary-General of the Union of Arab Banks. The high-level discussions focused on enhancing cooperation, achieving shared objectives, and fostering integration among financial institutions across the Arab world.

The meeting underscored the importance of deepening collaborative frameworks, fostering knowledge exchange, and building stronger ties with Union member banks. Both leaders emphasized the need to elevate the quality and competitiveness of Arab banking services, aiming to position the region as a global financial hub.

BAB introduced its ambitious vision to advance Bahrain's banking sector and bolster its role in driving national economic growth. Meanwhile, the Union of Arab Banks shared its strategic initiatives for 2025, including key events and programs designed to address the evolving global financial landscape.

Dr. Fattouh highlighted the Union’s commitment to partnering with BAB to facilitate financial innovation, adopt global best practices, and promote inclusive growth. “Arab banking integration is fundamental for achieving financial stability and sustainable development,” he stated.

Dr. Al Qassim reaffirmed BAB’s dedication to fostering cooperation with both public and private entities, emphasizing the enduring partnership with the Union as a cornerstone for advancing the Arab banking sector.

This strengthened alliance reflects a shared commitment to positioning Arab banking as a global leader, driving economic progress, and supporting sustainable development across the region.