The Bahrain Association of Banks (BAB) and the Union of Arab Banks (UAB) signed a memorandum of understanding (MoU) to develop forms of cooperation between them in the field of organizing events, conferences, training, studies and other banking issues of common interest. The MoU was signed by Dr. Waheed Al Qassim, CEO of BAB and Dr. Wissam Fattouh, Secretary General of UAB. The signing ceremony was attended by the Chairman of the Bahrain Association of Banks and member of the Board of Directors of the Union of Arab Banks Mr. Adnan Ahmed Yousif as well as a number of officials of the Association and the Union.
On this occasion, Mr. Adnan Ahmed Yousif expressed his great pleasure in signing the MoU, which reflects the close cooperation between BAB and banks in Bahrain and the Union of Arab Banks. Bahrain is the first banking and financial center in the region and has great potentials and expertise to play a key role in the development and strengthening of the Arab banking industry.
For his part, Dr. Waheed Al Qassim said: “We are delighted to sign the MoU with the Union of Arab Banks, which includes all Arab banks and has rich and unique expertise and activities, which makes our joint cooperation with them an added value for both parties. We are looking forward to activate the cooperation in all fields. ”
Dr. Wissam Fattouh said: “For us, the Kingdom of Bahrain has been a key supporter of all the activities and events of the Union for many years as it is considered one of the most advanced banking centers in the world. Therefore, we are delighted also to sign the MoU with BAB and hope that this memorandum will transfer of levels of support of the programs and activities of the Union to new broad horizons. “