Derasat and BIBF sign MoU

Derasat and BIBF sign MoU

Derasat and BIBF sign MoU

Date: 11 Nov 2019

The Bahrain Center for Strategic, International and Energy Studies (Derasat) signed a memorandum of understanding for cooperation in science and research with the Bahrain Institute of Banking and Finance (BIBF) in the former’s headquarters.

The MoU was signed on behalf of Derasat by Mr. Katadah Abdul Hameed Zaman, the Executive Director, and Dr. Ahmed Abdul Hameed Al-Shaikh, Director of BIBF.

The MoU stated enhancing mutual cooperation in areas of scientific research, organizing various events and activities, such as joint workshops; exchanging experiences, information, consultations and publications etc.

Further provisions included supporting training programs; providing training and educational services; developing scientific research in several areas of banking and finance; as well as any mutually agreed areas, and cooperating to find necessary solutions to develop different research.

Derasat Executive Director Mr. Katadah Zaman briefed BIBF Director Dr. Ahmed Al-Shaikh about the Center’s different activities and events, and its various publications, as well as its vision to fulfill its domestic and external objectives.

Mr. Zaman said, “This agreement is part of a series of agreements Derasat signs with several centers for studies and distinguished institutes with strategic experience, in our aim to create new outlooks for cooperation, and form productive partnerships that help our efforts in enhancing performance and investing in the human element, building capacities based on the criteria of quality and excellence.”

He added that, “signing this MoU reflects Derasat’s faith in partnering with the private sector, given its role as a major partner in achieving sustainable development.” Zaman also stressed the importance of BIBF’s role and pioneering and exceling approach in training and developing human capital in the Kingdom of Bahrain and the region.

BIBF Director, Dr. Al-Shaikh, said, “We are delighted to cooperate with Derasat to develop human capabilities and enhance the level of occupational efficiency in the Kingdom of Bahrain, where this alliance forms a positive step toward supplementing the young Bahraini workforce with the institutional training that fulfills their needs according to their specialisms and fields. Training in it modern concept is considered a complete framework and a strategic choice in the human capital system and its development, to meet the challenges of changing work requirements.”

Dr. Al-Shaikh also stressed the importance of enhancing cooperation frameworks in science and research between national organizations, launching joint initiatives, and encouraging the exchange of experiences and personnel, with the aim to promote the essence of scientific research, knowledge sharing, and enhancing research capabilities in areas of mutual interest.

He praised the vital and advanced role of Derasat as a distinguished research establishment, evolving on the research and administrative levels, alongside successful efforts in presenting research and intellectual products in line with current developments that help achieve sustainable development goals.

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