Bahrain sets sights on IT to power future and progress

The 10th annual conference of the Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) concluded on a high note with Kingdom setting sights on Information Technology to power future change and progress.

The CEO of the Economic Development, Khalid Al Rumaihi was among a stellar cast of speakers from Bahrain who addressed the conference. Speaking about Bahrain’s management of change in its quest for progress, he told the conference participants that EDB had pulled out all stops to make the Kingdom a data destination for Amazon saying, “EDB is keen to leverage the Kingdom’s telecoms connectivity and IT knowledge pool to become a regional Fintech hub.”

Rumaihi applauded the inputs and professional efforts of the chartered accountants in building modern Bahrain. Other speakers were Dr. Adel Hubail, CEO of Bahrain Commercial Facilities who talked about redefining wealth and striving towards sustainable wealth and social equality and Murad Ali Murad, one of Bahrain’s’ first cost accountants and a banking leader who spoke about the importance of accounting in maintaining transparency and powering growth.

“Accounting is the center of any business - if treated with respect and discipline, the field paves the way for greater economic growth and stability regardless of domestic, regional or national crises,” said Murad.