Al Salam Bank Bahrain sponsors Gulf eCommerce Forum

Using technological tools in commerce and finance can considerably improve comprehensive economic growth, a prominent Bahraini banker has affirmed.

Chief Executive of Al Salam Bank-Bahrain, Mr. Yousif Taqi said that Bahrain, among other GCC countries, has utilized these tools and consequently attracted capitals from all over the world.

Bahrain has paid special attention to international eCommerce approaches and that has made it one of the pioneers in the region to develop various commercial methods based on latest international techniques particularly in finance.

Al Salam Bank-Bahrain is sponsoring the 1st Gulf eCommerce Forum due to be held at the Diplomat Hotel under the patronage of the Minister of Industry and Commerce, Dr. Hassan bin Abdulla Fakhro, between 26 and 27 of November, organized by the Kuwait-based Gulf Economic Knowledge Company and in cooperation with the Bahrain Chamber of Commerce and Industry.

Mr. Taqi said that Al Salam Bank-Bahrain has initiated, since start, unique services that cope with current developments in eCommerce aiming at providing competitive services among major banking institutions. In this respect, Taqi pointed to the chip-based smart ATM card which is considered the first of its kind in Bahrain that is EMV-compliant. This marks one of the Bank's milestone achievements that make it proud to have scored since the beginning of operation, he added.

Mr. Taqi said that the current trade boom which the region is witnessing is due to the stability it enjoys making it an ideal location for attracting regional and foreign capitals, adding that what helps in strengthening investors' trust in the local economies is the easy access to technological tools, highly qualified expertise and the advanced methodologies adopted in commerce. All that in a whole assists in carrying out dealings in ease, speed and effectiveness, which are considered fundamental constituents of success especially in the banking sector, he noted.

Al Salam Bank-Bahrain has adopted a consistent strategy aiming at adequately utilizing technological tools in its financial operations in recognition of their effectiveness in boosting capital and gaining the stakeholders' confidence, as well as their positive impact on performance and the Bank's rank amongst major international financial institutions, Mr. Taqi concluded.