CP HOPES FOR GLOBAL ECONOMY TO RISE AGAIN AFTER CRISIS

CROWN PRINCE  AND DEPUTY SUPREME COMMANDER SHAIKH  SALMAN BIN HAMAD AL KHALIFA HOPED THAT  INTERNATIONAL ECONOMY WOULD START TO  RISE AGAIN FOLLOWING THE GLOBAL  ECONOMIC CRISIS.

THE CROWN PRINCE SAID THAT THE GCC WAS  A BLESSED REGION AND EXPECTED  THAT THE IMPACT OF THE ECONOMIC CRISIS  WILL BE LIMITED WITH THE  FRAMEWORK OF INCREASED COOPERATION  AND COORDINATION AMONG THE GULF  STATES.

SPEAKING TODAY AT A MEETING IN THE RIFFA  PALACE WITH CENTRAL BANK  GOVERNORS IN KUWAIT, QATAR AND OMAN,  THE CROWN PRINCE SAID HE HAD  COMPLETE TRUST IN THE BENEFITS OF  COOPERATION BETWEEN TREASURIES IN  THE GULF AND SAID IT WAS NECESSARY TO  FURTHER ENHANCE IT IN THOSE  SENSITIVE FINANCIAL CONDITIONS.

MEANWHILE, THE CROWN PRINCE ALERTED ON  THE IMPORTANCE OF ADHERENCE  TO CAPITALISM AND FOLLOWING SCIENTIFIC  BASIS TO PROTECT AND PROMOTE IT WHILE  AVOIDING ITS ASSESSMENT FROM A CRISIS  POINT OF VIEW.

ATTENTION HAS TO PAID TO THE HISTORICAL  OUTCOME OF THIS SYSTEM THAT  CONTRIBUTED TO THE ADVANCEMENT OF  HUMANITY AND THE PROTECTION OF ITS  ACHIEVEMENTS, HE SAID.

THE CROWN PRINCE ANSWERED A NUMBER OF  IMPORTANT AND VALUABLE QUESTIONS  FROM THE GOVERNORS OF CENTRAL BANKS AT  THE MEETING, MOSTLY FOCUSING ON  MEANS OF BOOSTING FINANCIAL COOPERATION  AMONG GCC STATES IN THESE  CIRCUMSTANCES.

THE CROWN PRINCE CONCLUDED BY CALLING  FOR OPTIMISM AND WORKING ON  OVERCOMING THE GLOBAL CRISIS THROUGH  MEANS AIMED AT RESTORING THE  ECONOMY OF THE REGION TO ITS STATE OF  PROSPERITY AND GROWTH SOON.

THE MEETING WAS ATTENDED BY CENTRAL  BANK GOVERNOR RASHID AL MARAJ, CROWN  PRINCE COURT HEAD SHAIKH KHALIFA BIN  DUAIJ AL KHALIFA AND THE GCC  ASSISTANT UNDERSECRETARY FOR ECONOMIC  AFFAIRS DR NASSER IBRAHIM.