London, March 8 (BNA) The Ambassador of the Kingdom of Bahrain to the United Kingdom, Sheikh Fawaz bin Mohammed Al Khalifa, met the Mayor of London, Lord Vincent Thomas Kevin.
The Mayor is responsible for representing, supporting and promoting all aspects of the UK’s financial services sector, specifically in Greater London.
Sheikh Fawaz highlighted Bahrain’s regional and international achievements in the field of financial services, as the Kingdom is considered one of the most important centers of financial technology and innovation in the Middle East, especially after the Central Bank of Bahrain won the award for the best innovative financial technology regulator of the year by Galaxy Fintech for the year 2019.
He pointed out that the Kingdom topped the Middle East and North African countries in financial, commercial and investment freedoms, according to the “Heritage Foundation” index, and ranked fourth globally and second regionally in the Islamic finance development index, according to the index. Refinitiv, a subsidiary of the London Stock Exchange Group.
Sheikh Fawaz added that Bahrain is developing economically after the launch of the economic recovery plan announced by the Council of Ministers headed by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, in implementation of the directives of His Majesty King Hamad bin Isa Al Khalifa. Khalifa, which will enhance economic growth and advance the commercial, investment and industrial sectors.
The meeting discussed bilateral relations and ways of enhancing and consolidating them, especially in the areas of financial and banking services, investment and tourism.
The two sides reviewed the projects that were launched to support the financial services sector and the development of investment and tourism, and discussed cooperation and exchange of experiences and successful experiences in the fields.