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Wed 30 Nov 2016 11:08 AM

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Bahrain's prime minister vows to expand finance sector

Pledge comes as Ahli United Bank announces plans to ramp up operations in the kingdom

Bahrain's prime minister vows to expand finance sector
Bahrains Prime Minister Sheikh Khalifa bin Salman Al-Khalifa (Getty Images)

Bahrain’s government is committed to introducing economic measures to help finance and banking firms expand their operations in the kingdom, its prime minister Prince Khalifa bin Salman Al Khalifa has stated.

Prince Khalifa vowed to create a more stimulating environment in the finance and banking sectors and turn them into two of the country’s key economic drivers, reported Gulf Daily News.

The prime minister said the government is keen to strengthen the kingdom’s role as a hub for financial businesses.

He made the announcement during a meeting with the chairman and board members of Ahli United Bank where the bank revealed it will expand its operations, the newspaper said.

Al Khalifa said the move reflects well on the financial environment in Bahrain. He highlighted the bank’s participation in financial activities and its training of nationals.

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