Bahrainthismonth.com July 2023 65 000000 The Bahrain Institute of Banking and Finance (BIBF) has recently signed a Memorandum of Understanding (MoU) with the General Authority for Statistics (GASTAT) in the Kingdom of Saudi Arabia. This strategic partnership aims to foster the development of capabilities in the fields of finance, digital transformation, leadership, and management. GASTAT serves as the sole official statistical reference for data and information in Saudi Arabia. The organisation’s essential products include statistical censuses such as the general population, housing, and establishments census, as well as the results of field surveys, periodic statistical publications, and indicators covering various domains such as the economy, society, health, education, agriculture, labour force, and indices. Under the terms of the MoU, both parties will collaborate to design and deliver specialised Beyon has announced the completion of Phase 2 of the Company’s Solar Park at a recent ceremony. Phase 1 and 2 of the Company’s Solar Park will generate 3.6 GWh of clean energy leading to a carbon footprint saving of over 2000 tonnes and a cost saving of BD105,000 annually. “We are very proud of an unprecedented achievement in the telecommunications and technology sector, as Beyon’s Data Centre became the first in Bahrain to rely entirely on clean energy generated from the company’s Solar Park, which is located in the Beyon Data Oasis,” says Beyon Chairman, Shaikh Abdulla bin Khalifa Al Khalifa. Upon completion of the third phase of the project, which will be located in Hamala, the total clean energy production of Beyon will be approximately 6 GWh per year. The ceremony was held in the presence of President of Electricity and Water Authority, HE Kamal Bin Ahmed Mohamed, Minister of Transportation and Telecommunications, HE Mohamed bin Thamer Al Kaabi, Minister of Electricity and Water Affairs, HE Yasser bin Ibrahim Humaidan, Minister of Sustainable Development, HE Noor Bint Ali Al Khulaif, and Director YK Almoayyed & Sons, Mohamed Almoayyed. training programmes. Leveraging BIBF’s extensive experience of over four decades in diverse business disciplines including banking, finance, financial technology, and digital transformation, these programmes will address the needs of GASTAT and significantly contribute to Saudi Arabia’s digital transformation objectives. The MoU was signed in Riyadh with CEO of the BIBF, Dr. Ahmed Al-Shaikh, and Vice President of GASTAT, Muhammad Al-Rasheed, representing their respective organisations. President of GASTAT, Dr. Fahad Al-Dossari, also attended the signing ceremony alongside several executive members of the institute. BIBF BEGINS PARTNERSHIP WITH GASTAT IN SAUDI ARABIA BAHRAIN’S FIRST CLEAN ENERGYPOWERED DATA CENTRE
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