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guardian
05-15-2010, 09:33 AM
May 12, 2010

Manama, May 12 (BNA) A first of its kind high profile international forum will be hosted by Bahrain this week to spotlight the latest changes in the world economic power balance and their impact on the international scene while the world is longing for recovery.

The three-day Bahrain International Forum, which will kick-start next Friday at the Ritz Carlton Hotel and Spa under the theme "Restoring the World's Geo-Economic Balance for Security, Development and Growth", will bring together ministers, government officials, business leaders and economists from developed and developing countries. The forum, sponsored by the International Institute for Strategic Studies (IISS), is set to become an annual event and will tackle the influence emerging markets may have on the world economic system and the role they can play to become more effective in mapping out the future. Keynote speakers are the Indian Planning Committee Deputy Head, Bahraini Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, Qatari Deputy Premier and Minister of Energy and Industry Abdulrahman bin Hamad Al Atiyah, Kuwaiti Deputy Premier for Economic Affairs and Minister of State for Development and Housing Affairs Shaikh Ahmed Fahd Al Sabah, commissioned member for Abu Dhabi Investment Council Khalifa Mohammed Al Kindi and Iraqi Central Bank Governor Dr. Sinan Mohammed Ridha Al Shabibi. Economic Development Board (EDB) Chief Executive Shaikh Mohammed bin Isa Al Khalifa hailed the event which, he said, comes in line with the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and EDB Chairman to boost the kingdom's role in handling international issues, mainly after success of the Manama-Dialogue conference. The international financial crisis has contributed to accelerating the switch of economic clout from the West to the East. As a matter of fact, growing countries will play a bigger role in monitoring the new global economic system, he said. The forum will provide an ideal opportunity for businessmen and policy-makers from all over the world to debate the global economic change and how to monitor it for the benefit of all, Shaikh Mohammed added. A O Q BNA 2010 GMT 2010/05/12

http://english.bna.bh/?ID=87063