1st GCC Capital Markets Forum to take place in Dubai

The opening ceremony will take place at the Burj Al Arab in the evening of Monday, 13th March 2006.

Conference organiser Majed Mohammed Garoub, Head of the SLTC, explained that the forum is being held to discuss the strength of the Gulf's financial markets. The region is rapidly developing into a strong presence in global finance, and governments are working hard to develop their nations politically, economically and socially.

The establishment of a common Gulf market, along the lines of other regional groupings such as the European common market, is a critical factor in dealing with the huge regional and international challenges that must be dealt with by governments. The 1st GCC Capital Markets Forum will explore these subjects with the participation of renowned and expert speakers on financial and market related topics.

The SLTC with the help of the DIFC has launched the 1st GCC Capital Markets Forum to be a stepping stone to explain and discuss the procedures, laws and rules that will enhance performance of the Gulf stock exchanges.

Discussions in the forum shall focus on explaining the general law framework and listing procedures, and explaining the legal responsibilities of listed companies and their managements.

The role of banks, brokerages, consultancies, experiences of neighbouring countries, and the impact of media on the markets, will also feature among the topics discussed.

Special papers will be presented on the main themes of the forum - the legal responsibility of board members and management, impact of financial markets on family owned companies in the Gulf and on concepts of corporate governance.

Garoub said that invitations have been sent to heads of financial markets in the gulf and banks, and specialists in administration, economy and the law to share their experience and expertise at the forum. He expects the number of attendees to exceed 400 from the finance and economics sectors, investors and financial market players, owners of funds and heads of major banks. The opening ceremony will take place at the Burj Al Arab on Monday 13th March.