9th GCC Banking Conference to take place in Bahrain

His Highness the PM Patrons the 9TH GCC BANKING CONFERENCE



Manama, Bahrain:



The Central Bank of Bahrain 'CBB' in cooperation with Gulf Cooperation Council (GCC) Secretariat General is organizing this conference under the theme "A New Era in International Banking Practices: Implications for the GCC Markets."

As world financial markets are shifting towards a new era in international banking practices, the Kingdom of Bahrain will play host to this timely conference, which was hosted by GCC member states in rotation for the past 15 years.

This important financial forum will be attended by all the governors of the GCC Central Banks and Monetary Agencies, Heads of GCC Capital Markets, senior bankers from the region, as well representatives of the world's leading international financial institutions.

Mr. Rasheed Al Maraj, Governor of the CBB welcomed the 9th GCC Banking Conference to Bahrain for the second time since it was first hosted by the Kingdom in 1996 saying, "We are delighted to be hosting this Conference—especially at such a difficult time for the world markets."

Sh. Salman bin Isa Al Khalifa, Head of the Organizing Committee, and Executive Director of Banking Operations, CBB added that, "While this Conference will discuss salient issues facing financial markets, and ensure the GCC's economic stability and prosperity, discussions will also aim to highlight distinct advantages for the GCC markets in the context of global market conditions."

The conference will be divided into 5 plenary sessions over a two day period and will conclude with a regional Governors meeting on the final day of the conference. Further details on the sessions will be announced at a later date.