BAB: Bahrain Draws Major Financial Investments
by: BTM - Tue, 02 Jul 2024
The Bahrain Association of Banks (BAB) has affirmed that Bahrain’s outstanding performance in the financial and banking sector, as highlighted in the 2024 World Competitiveness Ranking, published by the International Institute for Management Development (IMD), is a magnet for investments in the sector.
BAB Chairman, Adnan Yousif, says: “Bahrain’s ninth-place global ranking in the index measuring the positive impact of central bank policies on the economy highlights the significance of the prudent policies and strategies adopted by the CBB.”
This ranking reflects Bahrain’s sophisticated financial and banking infrastructure, financial and investment freedom, advanced regulatory framework, business-friendly environment and highly skilled banking professionals.
“These positive indicators confirm that Bahrain is confidently progressing towards achieving the strategy for the development of the financial services sector for 2022-2026. This progress reflects the successful policies and concerted efforts of financial and banking institutions, as well as the high investor confidence in the Kingdom due to the sector’s flexibility, advanced infrastructure, robust capital markets and a thriving technological environment, especially in the face of intense global competition to attract investments,” he concludes.
Tags #financial services Bahrain #Bahrain financial rankings #Bahrain capital markets #Bahrain investment climate #Bahrain World Competitiveness 2024 #CBB economic impact #BAB Bahrain news #Bahrain banking investments #Bahrain financial sector #business bites #btm july 2024
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