MANAMA : Euromoney yesterday announced Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa will deliver the keynote opening address at its flagship Bahrain event in March. Run in partnership with the Economic Development Board (EDB), the third consecutive edition of the Euromoney GCC Financial Forum conference, has an expanded focus, organisers said. The event will now look at the role that financial services can play in regional development. The new agenda will emphasise on capital flow across borders in the GCC and the wider region. The conference will also provide a platform for discussion on the lack of regional banks in the true sense of the word, and why there appear to be many financial 'centres' in the region. It allows participants to discuss and analyse the role of regional capital markets, what form they should take, and whether they should exist. The focus of the sessions will be on Bahrain - looking at key sectors in the kingdom which have relevance for the wider region, such as, real estate, housing, small and medium enterprises (SMEs), and hydrocarbons. "This year's event is set to attract a high level audience from the region, with top business heads and government officials keen to discuss and debate the future direction of the region's financial services," Euromoney Conferences director of emerging markets Richard Banks said. Transportation Minister and EDB acting chief executive Kamal Ahmed said the conference was an important platform that brought together key regional, local and international figures. " Bahrain's economy continued to outpace average global growth last year thanks to its solid economic fundamentals," he said. "Headline GDP growth is projected to have come in at close to 5pc, above all driven by substantial gains in the oil and gas sector. "Overall, the GCC economies are expecting growth to accelerate to 4.4pc this year. Today, the GCC economies are worth $1.5 trillion and are expected to reach $2trn by 2020." The conference is scheduled to be held on March 4 and 5 at the Ritz-Carlton, Bahrain Hotel and Spa .
Most Popular Stories
- Crimean Referendum Violates International Law: Obama
- Florida Insurers Reach Out to Hispanics
- BP Tripled CEO's Pay Despite Deepwater Horizon
- House OKs $1 Billion for Ukraine
- Where Are the World's Most Expensive Cities?
- EU Breaks Off Talks With Russia
- Putin Gets Thumbs-up From Assad
- Nakamoto 'No Longer Involved' in Bitcoin
- Cuba Accepts Invite for Talks With EU
- Disney Lays Off 700 From Interactive Unit