BAB, UAB sign MoU to boost joint cooperation

The Bahrain Association of Banks (BAB) and the Union of Arab Banks (UAB) signed a memorandum of understanding (MoU) to develop cooperations in the field of organizing events, conferences, training, studies and other banking issues of common interest.

The deal was signed by Dr Waheed Al Qassim, CEO of BAB and Dr Wissam Fattouh, Secretary General of UAB in the presence of the Chairman of the Bahrain Association of Banks and member of the Board of Directors of the Union of Arab Banks Adnan Ahmed Yousif as well as other officials.

On this occasion, Adnan Ahmed Yousif said the move reflects the close cooperation between BAB and banks in Bahrain and the Union of Arab Banks. “Bahrain is the first banking and financial centre in the region and has great potentials and expertise to play a key role in the development and strengthening of the Arab banking industry,” he added.