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Experts to debate region’s economic outlook

Manama, February 4, 2014

Chief economists and experts are set to debate regional and global economic outlook on financial strategy at an upcoming forum in Bahrain.

The Euromoney GCC Financial Forum will take place on March 4 and 5 at the Ritz-Carlton Hotel.

More than 200 delegates from 19 countries have registered to attend so far. The chief executives from the region will discuss the new dynamics of financial services in the context of a fast changing political and economic landscape.

Bahrain is the Gulf’s most established financial centre with a track record stretching back more than 40 years, said a statement.

The kingdom is home to more than 400 financial institutions, employing more than 14,000 people, of which two-thirds are Bahrainis, it said.

The interactive conference will be moderated by Euromoney’s editorial team including Richard Banks, emerging markets director at Euromoney Conferences.

“We are delighted to confirm these industry experts who will debate the local, regional and global economic outlook. I know that their insight and experience will enable our guests to see a truly global viewpoint on financial strategy,” said Banks.

Dr Jarmo Kotilaine, chief economist of Bahrain’s Economic Development Board (EDB), said: “The regional economy is changing rapidly, driven by favourable long term demographic trends and ongoing investment in infrastructure and diversification. The GCC economy is currently worth $1.5 trillion and this is set to reach $2 trillion by 2020.

“Part of this change will see an increased demand for sophisticated financial services in the region – whether that is businesses or governments looking to finance their investment or the increased number of people looking to invest their savings for the longer term.” - TradeArabia News Service




Tags: Bahrain | Outlook | strategy | economic | Financial | Euromoney | expert |

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