Bahrain and Bermuda Discuss Financial Sector Collaboration at Central Bank of Bahrain

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Manama: As part of his official visit to the Kingdom of Bahrain, the Honourable Edward David Burt, Prime minister of Bermuda, paid a visit to the Central Bank of Bahrain (CBB), in the presence of Abdulla bin Adel Fakhro, Minister of Industry and Commerce and Head of the Honorary Mission.

The Prime minister was received by Khalid Ibrahim Humaidan, Governor of the Central Bank of Bahrain, who welcomed the visiting delegation and reviewed the areas of engagement between the two sides in the financial and banking fields.

During the meeting, the Prime minister expressed his appreciation for Bahrain’s steady advancement in financial services and highlighted the role of the Central Bank in strengthening the regulatory environment and safeguarding the soundness of the financial system. He also underlined the value of expanding professional dialogue and building practical partnerships between institutions in both countries.

For his part, Governor Humaidan reaffirmed the depth of relations between Bahrain and Bermuda and emphasised the importance of strengthening collaboration in banking and financial activities in a manner that supports long-term economic development for both nations.

The Governor delivered a briefing on Bahrain’s financial sector, outlining its contribution to the national economy and the country’s comprehensive legislative and supervisory framework governing financial institutions. He explained that the Central Bank applies licensing and oversight policies aligned with international standards to promote stability, transparency and investor confidence.

The presentation also highlighted the Bank’s initiatives to advance financial innovation, modernise sector infrastructure and support digital transformation, alongside efforts to improve the business environment and enable financial institutions to deliver competitive services for domestic and international markets.

At the conclusion of the visit, both sides affirmed their intention to maintain close coordination and to expand avenues of cooperation in financial and economic areas that serve the shared interests of Bahrain and Bermuda.