A graduation ceremony was held for the second group of students in Bahrain who received certificates in professional qualifications through Tamkeen’s Accountancy, Finance and Islamic Finance programmes, including ACCA (the Association of Chartered Certified Accountants).
Former ACCA president Dean Westcott and Tamkeen Chief Executive Mahmood Hashem Al-Kooheji attended the ceremony, held at The Diplomat Radisson Blu Hotel.
The Ernst & Young Training Centre, which offers Tamkeen’s programmes, has enrolled more than 700 Bahraini applicants to the programme to date, with 135 having completed their course to date, including 80 graduates of the Foundations in Accountancy (FIA) suite of ACCA awards, and 32 in the ACCA qualification.
Commenting on the occasion, Tamkeen’s Chief Executive Mr. Mahmood Hashem Al Kooheji said,: 'Bahrain’s highly skilled human capital is a key competitive advantage that has long underpinned the kingdom’s position as an attractive investment destination. Our leadership is committed to continue investing in our human capital through such initiatives to maintain this leading position and fuel future economic growth.'
Launched in October 2007 as part of Tamkeen’s objective of up-skilling Bahrainis and enhancing their employability, the programme seeks to enable around 800 Bahrainis to pursue accredited professional qualifications to pursue or accelerate their career in the field of accountancy and finance.
Dean Westcott said: 'It is great to see our second round of students graduate from this programme. These graduates will be a vital asset to the country’s financial development and to its surrounding neighbours.'
'Bahrain is transforming itself into a place for foreign investment, and with programmes such as Tamkeen’s, as well as the government and private sector involvement, finance professionals all over the region will be beneficial to the global economy,' Westcott added.
New ACCA graduate, Mazen Al-Kooheji, said: 'The ACCA qualification helped sharpen my skills in many areas that are applicable to my current job role, like cashflow management, project management and finance decision-making. The difference it can make towards adding value in my job role has got me good feedback from my line manager. I feel I am adding value to my employer with my new skills. This will vertically help my career within the company and have a positive impact on future prospects.'
To date, more than 77,000 Bahraini individuals and enterprises in Bahrain have benefited from Tamkeen programmes to date, and the total number is expected to rise to more than 150,000.
For more information, please contact:
Vana Mastromichali, ACCA Middle East
+971 4 364 2139
Notes to Editors
- We support our 154,000 members and 432,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,400 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
Tamkeen is an initiative funded by the private sector for the private sector, tasked with developing Bahrain’s private sector and positioning it as the key driver of economic development. Established in August 2006, Tamkeen is one of the cornerstones of Bahrain’s national reform initiatives and Bahrain Economic Vision.
Tamkeen has two primary objectives: Firstly, fostering the creation and development of enterprises, and secondly, providing support to enhance the productivity and growth of enterprises and individuals.
Under each of those objectives, certain mechanisms and innovative support initiatives have been put in place by Tamkeen to address current and future gaps for individuals and enterprises in the private sector that have been identified by thorough studies of the labour market landscape. To date, Tamkeen has created 180 such support programmes.
For Bahrainis, Tamkeen’s programmes range from developing the skills and capabilities of Bahrain’s human capital, to promoting sound workplace ethics and training on leadership and management best practices, among others. For enterprises, Tamkeen provides programmes which offer enterprises with subsidised business support services, facilitate access to financing to bridge the enterprise financing gap, and enable entrepreneurship, to name a few.
Tamkeen’s programmes have benefited 77,000 Bahrainis and enterprises in the private sector, and, more than 150,000 beneficiaries are expected to benefit from these support programmes.
In parallel, Tamkeen’s programmes have played a key role in institutionalising new concepts within Bahrain’s private sector, including SME and micro-financing, entrepreneurship as a viable career path, women empowerment, modern accounting and auditing systems within SMEs, and many other paradigms needed for a vibrant sustainable private sector.
Tamkeen’s funds come from 50% of the fees collected from the Labour Market Regulatory Authority.
For more information about our programmes, please visit the website.