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His Excellency Sheikh Hesham Bin Mohamed Al Khalifa, Deputy General Manager for non-financial services of Bahrain Development Bank ("BDB") and Houssam Nasrawin, President of the Franco-Emirati business organization Arab Business Leaders ("ABL") signed a MOU on January 21, 2015 in Paris to work together for strengthening business ties between Europe and the GCC and mainly the Kingdom of Bahrain.
The MOU outlines the basis for the both parties' future collaboration. The partnership will mainly focus on attracting European investors and companies to Bahrain, fostering entrepreneurship initiative in Bahrain with the support of European institutions and developing cooperation between the two regions for women empowerment. Moreover, BDB and ABL agreed to work on increasing the competitiveness of SMEs in Bahrain and to support them in their international strategy mainly to deal with the European market.
About Bahrain Development Bank:
Bahrain Development Bank commenced its operations in 1992 as the country's leading Development Financial Institution. The Government has entrusted the Bank with a crucial task of promoting investments in Bahrain, with the aim of diversifying the economic base, creating new employment opportunities for Bahrainis and contributing significantly to the overall socio-economic development of the Kingdom. BDB offers a wide range of distinctive financial and advisory services specifically designed to meet SME's special needs. Whether your plan is to launch a new entrepreneurial venture, expand or diversify business in the Kingdom, BDB provides you with advice and support in developing the financial resources for your project since BDB's core mission is to develop SME's. BDB's mission is to promote entrepreneurship, innovation and develop the small and medium enterprises in the Kingdom of Bahrain, assist in the self-employment of Bahrainis in achievement of their career oriented education goals through best quality financial & advisory services in alignment with the Economic Vision of the Kingdom.
About Arab Business Leaders
Arab Business Leaders is an independent business organization meant to promote entrepreneurship and business initiatives between the Arab World and the rest of the countries, mainly Europe and Africa. ABL has today partners and members in 37 countries.
ABL's missions are:
1. Promoting the MENA region as an international business hub to encourage bilateral trades: ABL organizes international events and promotes Arab countries in international media.
2. Connecting Arab professionals to top business and political decision makers all around the World and work with government to encourage bilateral trades with Arab countries.
3. Fostering entrepreneurship in Arab countries through mentorship programs, university partnerships and venture funds.
© Press Release 2015
