Bahraini PM calls for consolidate Arab economic complementarity

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa received at his Palace in Riffa today the Governor of the Central Bank of Bahrain Rashid Al-Miraj who introduced to him the Chairman of the Board of Directors of the Joint Arab Bourse Company Safar bin Ayed Al-Harethi. HRH Premier expressed pride in the Kingdom's hosting of the headquarters of the Joint Arab Bourse Company at the initiative of His Majesty King Hamad bin Isa Al Khalifa, noting that the move, approved by Arab leaders during the Riyadh Economic Summit in January, 2013, reflects the distinguished economic position enjoyed by the kingdom as an Arab financial and banking hub. The Prime Minister affirmed the importance of intensifying efforts to consolidate and upgrade Arab economic complementarity in order to meet Arab peoples' aspiration for more development and progress through adopting advanced initiatives such as the Joint Arab Bourse. HRH Premier noted that the Joint Arab Bourse is a positive example of the Arab countries' huge potentials that can speed up economic complementarity and unity if exploited in the best way. He lauded the key role played by the Arab private sector in supporting the governments' development efforts, stressing the importance of enhancing partnership mechanisms with the private sector and exchanging expertise in order to achieve sustainable development and benefit Arab citizens. HRH Prime Minister expressed the Kingdom of Bahrain's keen interest to support the Arab financial and banking sector and provide all necessary needs so as to enable it to assume its development role and generate more job opportunities for Arab job-seekers. He called upon Arab financial markets to coordinate and unify policies and programmes and remove all administrative and technical obstacles impeding their complementarity among them in order to boost joint Arab action. The Prime Minister urged the private sector and businessmen in Arab countries to focus on investment in sectors that are priorities for Arab citizens, including housing, health, education and food security. Chairman of the Board of Directors of the Joint Arab Bourse Company Safar bin Ayed Al-Harethi extended sincere thanks and appreciation to HRH Premier for his interest in the financial and banking sector, praising his efforts regarding economic development, which entitled the Kingdom of Bahrain to rank first in human development reports.