Bahrain harnesses financial leadership to boost social enterprise
- Bahrain: Sunday, September 16 - 2012 at 12:19
- PRESS RELEASE
This week marks the launch of Social Business Week 2012, an event organized by the Family Bank, the Middle East's first Islamic microfinance bank, in collaboration with the Grameen Creative Lab. Strategic partners include the Bahrain Economic Development Board, Tamkeen, the Ministry of Social Development, Bahrain Development Bank, the Bahrain Chamber of Commerce and Industry and the University of Bahrain.
The event will also feature a series of lectures and specialized workshops which highlight issues surrounding the establishing of social business initiatives.
Commenting on the event, H.E. Dr. Fatima Al-Balooshi, Minister of Social Development and the Chairman of the Board of Directors of the Family Bank, said: "The Social Business Week 2012 marks an important step towards promoting awareness of social issues, and the development of solutions to help alleviate the difficult economic conditions that many in the region face. As a global leader in Islamic finance, Bahrain represents the ideal location to hold this event, and focus on Islamic microfinance opportunities in the Kingdom and across the region, to support ongoing economic development and diversification."
H.E. Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board (EDB), said: "The EDB is proud to be a strategic partner of Social Business Week 2012. Bahrain has long been the region's financial hub, and it is encouraging to see the sector harness and direct its financial capabilities towards the support and growth of social enterprise."
"I applaud the pioneering steps being taken by the Family Bank, which only serve to demonstrate Bahrain's commitment to creating sustainable long-term growth, through a sound and flexible economic and fiscal policy, a highly skilled workforce, and well-run, transparent regulation. These same measures provide the best business environment for companies looking to access the trillion dollar Gulf market," he concluded.
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