22 Gulf Daily News Thursday, 27th October 2011
Chartered Management
Institute
@
Tel: 1781 5555 www.bibf.com In association with www.tradearabia.com
Key financial
supervision
is reviewed
MANAMA: Central Bank of
Bahrain executive director,
banking supervision Khalid
Hamad yesterday attend-
ed a high-level meeting on
strengthening the financial
n Energy Minister Dr Abdulhussain Mirza yesterday met Bahrain Financial Exchange (BFX) chief executive and managing director Arshad Khan and discussed sector supervision and cur-
key economic issues relating to oil and gas, stressing the BFX’s crucial role in promoting investments. rent regulatory priorities for
New business skills for
the Middle East and North
Africa (Mena) region.
The two-day meeting being
held at the Intercontinental
Hotel, Abu Dhabi, concludes
today.
It is organised by the Arab
Monetary
budding entrepreneurs
F u n d
and the
Financial
Stability
Institute
(FSI) of
the Bank
for Int-
ernational
S e t -
By TOM HANRATTY tlements,
(BIS), in n Mr Hamad
MANAMA: Aspiring Bahraini Switze-
entrepreneurs and business brains rland, in collaboration with
are being invited to take part in a the Institute of International
week-long series of events aimed Finance, Washington. It
at nurturing and developing entre- is being attended by high-
ranking dignitaries, includ-
preneurial skills. ing UAE Central Bank
Global Entrepreneurship Week Governor Sultan bin Nasser
(GEW) will be recognised in over Al Suwaidi, Arab Monetary
120 countries between November 14 Fund director general and
and 20. board chairman Dr Jassim Al
Events in Bahrain will be organ- Mannai, and FSI chairman
ised, for the third successive year, by Joseph Tosevski.
the local chapter of the Young Arab A number of senior officials
Leaders (YAL). from banking supervision
It is hoped the programme, which in the Arab central banks,
falls in line with YAL’s aim to create a officials and managers of
culture of entrepreneurship in the Arab large commercial banks, the
world, will help shed light on local Basel Committee on Banking
business success stories and connect Supervision, the European
aspiring business owners with poten- Central Bank (ECB), the UK
tial mentors. Financial Services Authority
Following the success of GEW n YAL Bahrain executive manager Mariam Al Mannai, back row, left, with fellow YAL members and representatives and international financial
2010, when 1,492 Bahrainis took part of local partners institutions also took part.
in 11 events, YAL Bahrain is keen to The meeting discussed pri-
extend its outreach even further this ‘Start Up Circuit’ on November are like-minded, so that ideas can Jonathan Ortmans said young firms orities in the regulation and
year. 16 will give budding entrepreneurs a be exchanged while also providing are the key to addressing high rates supervision of the financial
The programme of signature events step-by-step guide through the legal mentoring for the next generation of of youth unemployment in the Middle sector in the Mena region,
for this year’s GEW was announced processes to be followed when start- enterprising talent to help them pursue East. risks and opportunities “post-
during a Press conference at the ing up a business before the series their dreams. “It is the risk-takers sharpening their crisis”, key developments
Economic Development Board offices concludes with an interactive pres- Present at the Press conference skills during GEW events. and practical implementation
in Seef yesterday. entation by entrepreneur, founder were YAL officials and representa- “They will expand human welfare issues in regard to Basel III,
The week kicks off on November and chairman of Talal Abu-Ghazaleh tives of the event’s local partners, and the economies throughout Bahrain regulating, supervising, and
14 with the ‘Mentorship Madness’ Organisation Talal Abu-Ghazaleh on Bahrain Development Bank, First and the Middle East,” Mr Ortmans resolving systemically impor-
networking dinner and continues on November 17. Bahrain, Unisono, Tamkeen and Obai added. tant financial institutions, in
November 15, with a workshop focus- All events on this year’s programme and Hill. For more information on the events addition to the ECB perspec-
ing on turning the talent of aspirants aim to inspire young entrepreneurs Speaking ahead of the start of GEW or how to take part, contact www.yal- tive on systemic and macro
into a potentially viable career. and connect them with others who 2011 in Bahrain, GEW president bahrain.org or 17589855. prudential tools, as well as
other topics.
Subway eyes expansion
MANAMA: Subway Bahrain, part of the world’s sion to the increasing demand for healthy food
largest submarine sandwich franchise reviewed options that Subway restaurants are reputed to
its 2011 performance and outlined its expansion serve.
plans for 2012 at a key meeting yesterday. “Subway has come to be regarded as a restau-
The media roundtable was headed by Subway rant of choice for the people of Bahrain, across
Bahrain development agent Omar Bukhowa at all age segments and nationalities,” Mr Bukhowa
his office in Seef District. said.
It offered an overview of the activities spear- “We are delighted with the strong growth
headed by Subway Bahrain over the past year trend.
and included an opportunity to network with the “We are also happy that our success reflects
regional development agent on points of interest well on the increasing importance that is being
and related industry issues. given to healthy eating in Bahrain,” Mr Bukhowa
In 2010, Subway restaurants opened doors added.
to two stores, confirming the brand’s consist- Subway outlets are located in Hoora, Seef
ent growth since its introduction to the Bahrain Mall, Bahrain City Centre, Sanad, Juffair,
market in 2001. Bahrain Mall, Hamala, Tubli, Muharraq, Ramli
The expansion comes as an organic progres- Mall and LuLu Hypermarket in Riffa. n Mr Bukhowa addresses the meeting