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BIBF and Bentley College to Offer Undergraduate Business Degree Program in Bahrain

April 28, 2002

MANAMA, BAHRAIN - A Memorandum of Understanding was signed this afternoon by Bahrain Institute of Banking and Finance (BIBF) and Bentley College at the Ministry of Finance and National Economy in Manama. Mr. Abdulla Hassan Saif, Minister of Finance and National Economy signed it on behalf of BIBF and Dr. Joseph Morone on behalf of Bentley College. This MOU aims at offering an undergraduate program in Bahrain parallel to the B.Sc. program offered by Bentley at its campus near Boston, Massachusetts. The program starts in September 2002.

Minister Saif expressed his pleasure with this agreement between BIBF and Bentley College. He said that this partnership between an internationally reputed College like Bentley and a pioneering Institute like the BIBF shall enhance the position of the Kingdom of Bahrain as a regional training center and BIBF as a leading provider of vocational and professional qualifications.

The program is designed for students who want to pursue a Bachelor of Science degree with a major in management and a minor in information technology form one of America's leading business schools. Courses will be taught by Bentley College faculty. During the first two years, students will spend each summer at Bentley College in the U.S., gaining a deeper understanding of American Culture and developing working knowledge of the latest technological resources in Bentley's high-tech learning facilities. The college is internationally recognized as a business university with undergraduate and graduate programs that integrate information technology and the most advanced business education possible.

"Globalisation and innovative technology are continuing to revolutionize the way business is conducted throughout the world. As Governor of the central bank of the Kingdom of Bahrain, I attach the greatest importance to the academic effort to ensure that Bahrain continues to develop its human resources to the greatest extent possible. Therefore, I welcome and strongly support the efforts of the BIBF and Bentley College in their joint efforts in this regards. The College has a world-wide reputation for excellence in the specialized use of technology as a means of delivery of educational facilities. Future generation of Bahrain management will undoubtedly benefit from the provision of such expertise," said H.E. Shaikh Ahmed Bin Mohammed Al Khalifa, Governor of the Bahrain Monetary Agency.

Bentley College is accredited by AACSB, The International Association for Business Management, and the New England Association of Schools and Colleges. US News & World Report's Best Colleges 2002 ranks Bentley #10 in E-commerce, #15 in Management Information Systems and #39 in General Management, among 1,600 U.S. colleges and universities with business programs. Bentley's faculty are frequently quoted in leading international news media including The Wall Street Journal, New York Times, Business Week, Washington Post, USA Today, International Herald Tribune, Boston Globe, Computerworld Business 2.0, Investor's Business Daily, CNBC and CNN.

Announcing the education partnership, Bentley College President Joseph G. Morone said, "Parents of our students from Bahrain have expressed a strong interest in creating an academic institution close to home that can offer Bahraini students the same high quality business education that they receive on our campus in the U.S. Bentley has a strong and growing international business focus. This new program in partnership with BIBF is a natural extension of our educational mission and an important step toward our goal of bridging understanding among cultures and advancing global commerce."

The partnership between BIBF and Bentley has evolved over several years. Both institutions are dedicated to educating business leaders who will be innovators firmly grounded in real-world performance. Bentley College offers students a solid foundation in finance, accounting, management, economics and marketing; combined with studies in information technology needed for success in today's marketplace; and the broad-understanding of history, language and world cultures that is the heart of a liberal arts education.

"For a number of years we have wanted to give our students better understanding of what is happening in the Arab world," said Robert Minetti, Vice President for Institutional Advancement at Bentley College. Students at Bentley College come from 64 countries around the globe, with the majority from the New England region of the U.S. A growing interest in global issues led us to expand Bentley's International Studies Department last year and it has become one of the most popular programs of study on our campus.

For information and application materials in Bahrain, please call Sarah Nasser on Telephone: 824409 or fax 729982 or e-mail: snasser@bibf.com.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu

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