Career Progression Programme is Now Directly Managed by Tamkeen

Manama, April 14. (BNA) — Tamkeen announced today that its Career Progression Programme, which was previously managed through BDO, will now be managed directly by a dedicated Tamkeen team at the newly opened Career Progression office in Amwaj Islands.

The Career Progression programme, initially launched in 2007, has benefited 12,000 beneficiaries with over BD 18 Million so far. The programme was launched in line with Tamkeen’s initiative to enhance the capabilities of Bahrainis to make them employees of choice in the private sector.

The programme helps employers address skills gaps of their Bahraini employees by providing them with a set of training opportunities to gain the necessary skills and boost their wages. Depending on the track selected, the programme will give beneficiaries professional training that will enable them to receive a minimum wage increase of BD50 to their basic salary. The wage increase is subsidised by Tamkeen for a maximum of 2 years.

Tamkeen’s Acting Vice President, Human Capital Development, Amal Al-Kooheji, commented on the announcement: “Since its inception, the Career Progression Programme has provided a stepping stone for thousands of employees to develop in their professions and enhance their careers. The decision to put it under our direct management is part of a larger Tamkeen strategy that will put us in a better position to further improve our services as we prepare to develop and expand our programmes in the near future.”

The newly established Career Progression Office will handle all new applications and enrolments into the programme, while BDO will continue to handle the existing beneficiaries until they have completed the programme.

Employers interested in this programme are encouraged to visit Tamkeen’s Career Progression Office, located on the 3rd Floor of Nuetel Building in Amwaj Islands from 7.30AM to 3.30PM. They may also contact Tamkeen by calling 17383333 or email [email protected]

To date, more than 75,000 Bahrainis and enterprises have benefited from Tamkeen’s programmes, with more than 100,000 beneficiaries set to benefit from these programmes in all.

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BNA 1133 GMT 2013/04/14

Tamkeen Supports Aeronautic Engineering Graduates

Manama, April 13. (BNA) — In line with its initiative to provide support to enhance the capabilities of Bahrainis and their employability, Tamkeen announced today the signing of an agreement with Bahrain’s national carrier, Gulf Air, to offer two-year job training contracts to 40 engineers who have completed an Aeronautics Engineering Programme with BAS Engineering Training Centre and gained their EASA B-License.

This move by Tamkeen comes to find solutions for the graduates who have not yet been employed due to challenging market conditions. These efforts were endorsed by directives from Tamkeen’s Board in its quarterly Board meeting held in March of this year. During the meeting, the Board members and management discussed viable options to address the issues of both the graduates as well as existing trainees who require support for completing their qualifications and thereon find suitable employment.

Tamkeen’s Acting Vice-President, Human Capital Development, Mrs. Amal Al Kooheji, commented on the announcement: “We are pleased to announce that the graduates from the Aeronautics Engineering Programme will now be able to gain the necessary experience in Gulf Air required to gain employment as qualified Aeronautic Maintenance Engineers with Gulf Air or any international airline of their choice. Despite the challenges, Tamkeen is sparing no effort to find suitable training and employment opportunities for all aviation programme trainees upon completion of their studies both locally and with regional potential partners.”

Gulf Air’s Chief Operations Officer, Mr. Nasser Al Salmi commented, “As Gulf Air continues to implement its restructuring strategy to put the airline on a path towards sustainability and support the economic development of Bahrain, the airline remains committed to developing a national workforce of aviation professionals. We are thrilled to be partnering with Tamkeen yet again to provide the necessary on the job experience for these 40 Bahraini engineers.”

To date, more than 75,000 Bahrainis and enterprises have benefited from Tamkeen’s programmes, with more than 100,000 beneficiaries set to benefit from these programmes in all.

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NBB Recorded a Net Profit of BD 14.83 million in Q1 of this year 2013

Manama: April 10 –-(BNA): The National Bank of Bahrain (NBB) declared that it had recorded a Net Profit of BD 14.83 million (US$ 39.44 million) for the first quarter of 2013 compared to BD 14.11 million (US$ 37.53 million) for the corresponding period of the previous year, an increase of 5.1 %.

The financial results were approved at the Board meeting held on 9th April 2013 chaired by the Bank’s Chairman Mr. Farouk Yusuf Khalil Al-Moayyed. Expressing his satisfaction on the results achieved by the Bank, Mr. Al-Moayyed reiterated the Bank’s commitment to contribute to the economic development of the Kingdom and appreciated the efforts of the Bank’s executive management team and the employees for their dedication.

Commenting on the Bank’s performance and future outlook, Mr. Abdul-Razzak Abdullah Hassan Al-Qassim, Chief Executive Officer & Director said, “The steady growth in profitability is a result of the Bank’s constant endeavor to realign its business strategies by leveraging on our core strengths while meeting customer expectations. We hope the overall economic conditions both in Bahrain and the region improves in the coming quarters and the Bank is well position to capitalize on emerging opportunities to further enhance our leadership position.”

The Net Interest Income for the three months period in 2013 was BD 14.21 million (US$ 37.79 million) compared to BD 15.92 million (US$ 42.34 million) for the corresponding period of the previous year, the decrease largely on account of lack of quality lending opportunities and reduced returns on surplus liquidity due to low short term interest rates. Other income for the three months period in 2013 was BD 9.04 million (US$ 24.04 million) compared to BD 9.16 (US$ 24.36 million) for the corresponding period of the previous year with the growth in income from normal business activities off-set by lower dividend on the Bank’s equity investments.

Operating expenses continue to be closely managed which decreased from BD 7.23 million (US$ 19.23 million) for the three months period in 2012 to BD 7.00 million (US$ 18.62 million) for the three months period in 2013. As a matter of prudence, the Bank took a voluntary general loan loss provision of BD 1.00 million (US$ 2.66 million) during the current year to further strengthen the overall financial position.

The Bank continues to make steady progress with the Total Earning Assets (comprising of Treasury bills, Bank placements, Loans & Advances and Investment securities) as at 31 Mar 2013 at BD 2,481.57 million (US$ 6,599.92 million) compared to BD 2,321.48 million (US$ 6,174.15 million) as at 31 Mar 2012. Customer Deposits as at 31 Mar 2013 stood at BD 2,074.69 million (US$ 5,517.79 million) compared to BD 1,920.99 million (US$ 5,109.02 million) as at 31 Mar 2012, an increase of 8.0%.
The Earnings per share for the three months of 2013 was 15.8 fils compared to 15.0 fils for the corresponding period of 2012. (IY) Source: http://www.nbbonline.com/