CP RECEIVES JP MORGAN OFFICIAL

CROWN PRINCE AND CHAIRMAN  OF THE ECONOMIC DEVELOPMENT BOARD (EDB) SHAIKH SALMAN BIN HAMAD AL  KHALIFA SAID THE PAST YEAR WHICH WAS CHARACTERIZED  BY NUMEROUS  ECONOMIC CHALLENGES NEEDED CLOSE EXAMINATION TO  ASSESS THE SITUATION IN LIGHT OF THE GLOBAL FINANCIAL TURNDOWN.

IN THIS CONTEXT, SHAIKH SALMAN LAUDED THE ROLE  PLAYED BY THE CENTRAL BANK OF BAHRAIN (CBB) IN  ADEQUATELY DEALING WITH THE CRISIS AND SAFEGUARDING  BAHRAIN’S POSITION AS AN IMPORTANT FINANCIAL  CENTER IN THE REGION.

THIS CAME AS THE CROWN PRINCE RECEIVED HERE ON  SUNDAY JPMORGAN BANK ASSETS MANAGEMENT CEO, S.JAMES, CURRENTLY VISITING  BAHRAIN TO ATTEND A LUNCHEON HOSTED BY BANKERS’ SOCIETY OF BAHRAIN. THE CROWN PRINCE LAUDED GB BANK EARLY CONFRONTATION OF THE GLOBAL FINANCIAL CRISIS. A NUMBER OF ECONOMIC ISSUES AND GB BANK  COOPERATION TIES WITH BAHRAIN WERE DISCUSSED.

DURING THE LUNCHEON, ATTENDED BY THE CROWN  PRINCE’S ADVISOR, COURT HEAD AND JPMORGAN OFFICIALS, THE JPMORGAN OFFICIAL  PRAISED THE POSITIVE ROLE PLAYED BY THE CROWN PRINCE IN  REINFORCING BAHRAIN’S SOUND FINANCIAL  POSITION  IN THE REGION.