Citi Launches Tech Hub In Bahrain: Zawya

September 27, 2021 8:34 AM | 1 min read | Make a Comment

Citigroup Inc C launched a global technology hub at its Bahrain offices in collaboration with government-funded labor fund Tamkeen and Bahrain's Economic Development Board (EDB), which are also investors, Zawya reports.
Citi will hire a minimum of 100 people in coding-related roles each year over the next ten years for the bank's leading platforms, Citi Velocity and Citi FX Policy.
Tamkeen will subsidize a portion of the salaries and cover training costs locally and abroad.
The heavily indebted Bahrain received a $10 billion bailout in 2018 from some of its Gulf allies to avoid a credit crunch.
Price Action: C shares traded higher by 1.15% at $72 in the premarket session on the last check Monday.

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