Bahrain Economic Development Board (EDB)’s Post

RSVP! With rising costs, how can financial sector competition ease the pressure on Canadians' wallets?💸 💬Hear from our experts in this live webinar on how changes in financial policy can spark innovation & address the cost-of-living crisis: #canada #finance #competition #business #costofliving #crisis

A new report published today by the Federation of International Banks in Ireland (FIBI) shows that 70% of FIBI member firms expect to see growth in their Irish operations in 2024. More than 40% of FIBI firms also expect to increase the number of people employed in 2024 and invest further in technology and innovation here. Read in full here https://lnkd.in/e_yhVvNz

We are honoured to announce Mahdi Daud, Executive Director of Monetary, Financial, and Regulatory Policy,Central Bank of Somalia as a speaker at the IAMTN Summit 2024. With over a decade of experience in central banking, Mahdi has played a leading role in driving financial reforms and advancing macroeconomic policy. Mahdi Daud will be participating as a panelist in the session 'Advancing the G20 Roadmap and UNSDGs: Removing Regulatory Blockers and Accelarating Industry Innvovation.' This session will explore the alignment between the G20 Roadmap for Enhancing Cross-Border Payments and the United Nations Sustainable Development Goals (UNSDGs). It will also examine the regulatory challenges that impede progress toward these objectives and discuss how industry innovation can play a crucial role in overcoming these barriers to accelerate achievement. Countdown begins! 🏃♂️ Last Day to register : https://lnkd.in/g7fUwEXn 📅 Date: 9-10 October 2024 🏨 Venue: Habtoor Palace, Dubai Veronica Studsgaard Nikila Punnoose Yves Doho Claudia Avila Maribel Sayago Sayago #IAMTNSUMMIT2024 #iamtnspeaker #crossborderremittances #regulatory #futuretrends #iamtnnetwork #innovation #financialinclusion #interoperability #financialmarkets #fintech #seamless #cash #fintech #policydevelopment #UNSDGs #global

Bahrain secured a ranking 1st globally in Islamic Finance Regulations in this year’s edition of the ICD-LSEG Islamic Finance Development Report, cementing the island nation’s standing as a leading pioneer in Islamic financial regulation on an international level. The report outlined fintech, digital banking, and artificial intelligence (AI) as some of the key emerging trends, which resulted in pivotal impacts on the development of Islamic banking in the decade leading up to 2022. In addition to being recognised as a country where new digital banks were opening amongst leading countries across Asia, the Middle East, and Europe; Bahrain earned high rankings across key criteria. Bahrain was recognised for an upsurge in hosting online events led by the AAOIFI, CIBAFI and IIFM, all of which are headquartered in Bahrain. #banking #islamicfinance #finance #regulations #ICD #financial #fintech #digitalbanking #AI #islamicbanking #digitalbanks #middleeast #europe #digital #AAOIFI #CIBAFI #IIFM #business #bahrain #gcc #new #businessnews #bahrainnews #bizbahrain

UAE banks excluded from the FATF "grey" list The Financial Action Task Force on Money Laundering (FATF) has removed the UAE from the "grey" list after implementing all 15 recommendations of the organization. The decision was announced following the results of the FATF plenary meetings in Paris on February 23, 2024.   This step will contribute to the expansion of the UAE banking sector, increase international trade and strengthen investor confidence in the second largest economy in the Arab world. https://lnkd.in/dMxHyn4U

In this insightful interview, Sal Jafar, CEO of #ESGMena speaks with H.E. Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, about #ESG laws and regulations in the #banking sector. He discusses the implementation of these regulations, how the #UAE Banks Federation supports banks in embracing ESG principles, and the future outlook for ESG regulations in business. Watch the full interview, and visit our website for more insights and interviews. www.esgmena.com #sustainablity #bankingsector #finance #ESG #ESGregulations #ESGlaws #banks

UAE banks excluded from the FATF "grey" list The Financial Action Task Force on Money Laundering (FATF) has removed the UAE from the "grey" list after implementing all 15 recommendations of the organization. The decision was announced following the results of the FATF plenary meetings in Paris on February 23, 2024.   This step will contribute to the expansion of the UAE banking sector, increase international trade and strengthen investor confidence in the second largest economy in the Arab world. https://lnkd.in/dMxHyn4U

I'm excited to share my in-depth report on the UAE banking industry, showcasing the sector's remarkable economic resilience and innovative spirit. Highlighting the UAE's diverse economic policies and its status as a global business hub, the banking sector mirrors the nation's dynamic growth. From the strong presence of international banks to the ambitious expansion of national banks and the leap in digital innovation, my report explores the vibrant financial ecosystem within the UAE. It provides essential insights for stakeholders looking to understand the evolving banking landscape and identify strategic opportunities for growth. A must-read for navigating the complexities and prospects of the UAE banking sector.

I'm excited to share my in-depth report on the UAE banking industry, showcasing the sector's remarkable economic resilience and innovative spirit. Highlighting the UAE's diverse economic policies and its status as a global business hub, the banking sector mirrors the nation's dynamic growth. From the strong presence of international banks to the ambitious expansion of national banks and the leap in digital innovation, my report explores the vibrant financial ecosystem within the UAE. It provides essential insights for stakeholders looking to understand the evolving banking landscape and identify strategic opportunities for growth. A must-read for navigating the complexities and prospects of the UAE banking sector.

The Bank of Namibia plans a detailed study on financial sector fees, responding to widespread public concern. The initiative aims to explore transparency, compare international fee structures, and recommend policies to reduce excessive costs and enhance financial inclusion." #BankofNamibia #FinancialFees #ConsumerRights #BankingTransparency #FinancialInclusion #NamibiaFinance #BankingSector #CostOfBanking #EconomicStudy #FinancialRegulation #GlobalFinance #InclusiveEconomy #DigitalPayments #NamibiaEconomy #BCS