Latest news with #Manama
Zawya
2 days ago
- Business
- Zawya
CBB maintains overnight interest rate unchanged at 5%
Manama, Kingdom of Bahrain: The Central Bank of Bahrain (CBB) announced its decision to maintain the overnight deposit rate unchanged at 5.00%. This decision comes as part of the review conducted by the CBB to maintain monetary and financial stability in the Kingdom of Bahrain in light of global financial market developments.
Zawya
2 days ago
- Business
- Zawya
CBB announces Executive Management Promotions
Manama, Bahrain: As part of its new organizational structure, the Central Bank of Bahrain (CBB) has announced executive management promotions, effective 1 July 2025: Abdulla Ahmed Haji - General Director - Capital Markets & Investment Supervision Nawaf Ahmed Bubshait - General Director - Banking & Credit Institutions Supervision Afaf Khalifa Khalfan - Director - Monetary Operations & Government Debt Management Directorate Fatema Hasan Akhtarzada - Director - Licensing & Regulatory Policy Directorate Mohamed Mahmood Shamsi - Director - Consumer Protection & Enforcement Directorate Sara Khaled Qaed - Director - Anti-Financial Crime Directorate Mohamed Ahmed Al Sulaiti Director - Cyber-Security Unit Fatema Mohamed Ali - Director - Human Resources Directorate Amina Yousif Al Madani - Director - Communications & International Relations Directorate Fatima Abdulla - Director - Retail Banking & Credit Institutions Supervision Directorate Manal Ali AlTurkamani - Director - Capital Markets & Investment Business Inspections Directorate Nabeel Mohammed Juma - Director - Supervision Technology Unit Commenting on the occasion, HE Khalid Humaidan, Governor of the Central Bank of Bahrain, said: 'We at the CBB are committed to empowering qualified national talents shaping the future of the financial services sector. As such, we are pleased to announce the latest promotions which support the decision to adopt the CBB's new organizational structure. We would like to congratulate our team members and hope this step will achieve our goals in maintaining the stability of the financial sector and develop strategies that aim to advance the development of this vital industry.' On his end, Mr. Mohamed A. Karim – Executive Director of Corporate Services at the Central Bank of Bahrain, commented: 'We are proud to be completing our newest promotions, which comprise an exceptional team of local competencies. Through our confidence in their capabilities, we look forward to commencing this next phase of development through their years of leadership and expertise. We also believe this will contribute to fulfilling the CBB's aspirations to prepare capable leaders that will play a vital role in the growth of the local financial sector."
Zawya
2 days ago
- Business
- Zawya
CBB Governor participates in HSBC GCC exchanges 2025 Conference
Manama, Bahrain: H.E. Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), recently participated in the opening session at the HSBC GCC Exchanges 2025 Conference in a fireside chat titled 'Bahrain's Financial Sector: Reform Momentum, Market Confidence and Talent-Led Growth'. Held from 16th to 19th June in London, United Kingdom, the event brings together representatives from GCC exchanges, alongside a number of international officials and investors. Moderated by Mr. Joseph Ghorayeb, Chief Executive Officer of HSBC Bahrain, the fireside chat with H.E. the Governor underscored the CBB's pivotal role in developing a regulatory framework that fosters innovation and advances financial services in the Kingdom. Leading the conversation, H.E. the Governor highlighted CBB's efforts to attract foreign investments, enhance market competitiveness, and support national economic growth through sound regulatory reforms. He also emphasized the importance of human capital development aligned with global standards as a pillar of long-term sectoral advancement. The Kingdom of Bahrain's delegation includes H.E. Khalid Humaidan, Governor of the CBB; Mr. Yousif Al Yousif, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse; Mrs. Hesa Al Sada, Executive Director of Central Banking and Macro-Prudential Oversight at the CBB; and Mr. Mubarak Nabeel Matar, Assistant Undersecretary of Financial Operation at the Ministry of Finance and National Economy. During the event, the Bahraini delegation attended a meeting with senior global fund and asset managers to strengthen cross-border investment relations and highlight Bahrain's capital market offerings. The conference serves as a platform for GCC exchanges to convene and reaffirm their commitment to enhancing cooperation, fostering productive partnerships, and driving the growth of capital markets across the region. These engagements aim to contribute to opening broader investment horizons at the regional level.
Zawya
3 days ago
- Business
- Zawya
Standard Chartered wins 'Wealth Management Platform of the Year' award
Manama, Bahrain – Standard Chartered is proud to announce that it has been named 'Wealth Management Platform of the Year – Bahrain' by the Asian Banking & Finance Retail Banking Awards 2025. This recognition highlights the Bank's unwavering commitment to client success and its innovative approach to wealth management. Dr. Boutros Klink, CEO, Standard Chartered, Bahrain, commented: "We are thrilled to be recognised for our efforts to providing world-class financial services. This award is testament of our team's hard work in ensuring our wealth management clients have access to the best possible digital wealth management solutions. We are committed to continuously innovating and enhancing our digital offerings to meet the evolving and dynamic needs of our clients." Standard Chartered is a leading financial institution with a strong focus on customer service, sustainability, and technological innovation. With a global presence spanning 53 markets, the Bank offers a comprehensive range of banking services to individuals and institutions. The Asian Banking & Finance Retail Banking Awards aims to acknowledge and honour outstanding entities that are reshaping the retail banking landscape in Asia. For more information kindly call 17531532 or visit For further information please contact: Noora Al Nusuf Head of Corporate Affairs and Brand & Marketing Bahrain & Middle East (ex-UAE) Standard Chartered Bank Email: About Standard Chartered We are a leading international banking group, with a presence in 53 of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. For more stories and expert opinions please visit Insights at Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
Zawya
4 days ago
- Business
- Zawya
CBB 12 month treasury bills Issue No. 129 fully subscribed
Manama, Bahrain – This week's BD 100 million issue of Government Treasury Bills has been fully subscribed by 100%. The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 19th June 2025, and the maturity date is 18th June 2026. The weighted average rate of interest is 5.28% compared to 5.12% of the previous issue on 22nd May 2025. The approximate average price for the issue was 94.936% with the lowest accepted price being 94.731%. This is issue No. 129 (ISIN BH000X45Z109) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
