NEWS
Singapore Gulf Bank launches digital banking services in Bahrain for corporate customers
Singapore Gulf Bank , SGB , the digital bank backed by Mumtalakat and privatelyheld investment group Whampoa Group , announced the launch of its corporate banking services . Operating under full regulatory approval from the Central Bank of Bahrain , SGB will offer comprehensive digital banking services to corporate customers in the digital economy to manage their traditional financial and digital assets on a single platform .
SGB also appointed Former Deputy Governor of Central Bank of Bahrain , Shaikh Salman Bin Isa Al-Khalifa as an independent director on SGB ’ s board . Shaikh Salman will guide SGB ’ s strategic direction and ensure robust governance as SGB builds the world ’ s first integrated solution for the digital world .
Global clients can onboard through SGB ’ s remote digital on-boarding solutions . SGB will extend its digital banking services to individual clients by the end of the year .
In addition to regular corporate banking services , SGB will provide a real-time settlement network , digital assets custody and intuitive trading solutions , all underpinned by robust AML , KYC measures . This enables businesses to manage their finances flexibly – whether they are traditional or digital assets – facilitating their participation in the digital economy .
SGB is pioneering a new era of banking where everyone can easily access and manage digital assets alongside traditional assets within one integrated network . Underpinned by its compliance-first approach , SGB will serve as a vital link between mainstream financial services and the rapidly advancing digital asset economy , empowering the next billion users with access to the future of finance .
Edmund Lee , Founding Chairperson of the Board of SGB , stated : “ We are building
Ooredoo Qatar to integrate Sahem , Tawzeef , Tadweer diversification programmes from Jusour
Ooredoo , Qatar ’ s provider of telecommunications and ICT services , has announced a strategic partnership with Qatar Manpower Solutions , Jusoor . This collaboration aims to enhance the development and diversification of Qatar ’ s workforce through a series of impactful programmes and initiatives designed to support entrepreneurship , attract top talent , and promote workforce innovation .
The agreement , which was formalised through the signing of a memorandum of understanding , MoU , will enable both entities to work together in a coordinated manner to achieve shared objectives , aligning with national goals to drive economic growth and innovation . As part of this strategic cooperation , key Jusour programmes – including Sahem , Tawzeef and Tadweer – will be integrated with Ooredoo Qatar ’ s extensive experience and leadership in telecommunications and ICT .
Speaking about the partnership , Ali Bin Jabor
Al Thani , Chief Executive Officer at Ooredoo Qatar , said : “ We are delighted to collaborate with Jusour to advance workforce development and foster innovation . By leveraging Jusuor ’ s integrated technology platform , which offers comprehensive solutions such as recruiting skilled the foundation for a new era of global finance where traditional and digital worlds converge to enable businesses to operate anytime and anywhere .”
SGB is the first fully licensed digital bank in Bahrain serving global investors , innovators , and institutions .
Shaikh Salman Bin Isa Al-Khalifa
labour , job training programmes , and specialised skills development , we will significantly contribute to shaping a dynamic labour market and promoting economic sustainability in Qatar .”
Eng Abdulhadi Bakhit Barqan , CEO of Jusour , stated that this memorandum represents a comprehensive and strategic framework aimed at stimulating the Qatari labour market and providing exceptional opportunities for various groups . Through this fruitful collaboration with Ooredoo , a provider in international communications , and the diverse array of programmes , solutions , and services we offer at Jusour for job seekers , employers , and university students in Qatar , we will work to enhance competencies and meet the needs of the local market . By collaborating closely , Ooredoo Qatar and Jusour will jointly stimulate workforce growth and foster a culture of innovation , further reinforcing Qatar ’ s position as a hub of economic excellence . p
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