Euromoney Saudi Arabia Conference opened 6 Riyadh

A successful performance of the package of precautionary measures to
confront the global financial crisis will nominate the GCC economic
bloc to the world's eighth rank by 2020, he concluded.

Other officials and banking and financial leaders also gave speeches
at the opening ceremony.

The official first session was then held under the title "general
profile of the economic situation and global economic changes impact
on the global economy".

The second session dealt with "workshops on stock markets in the GCC
member countries".

The conference was adjourned to resume tomorrow.
--SPA