Bahrain's banking community to participate at IMF/World Bank meeting

Bahrain's banking community will be supporting the Financial Services Development department of the Economic Development Board in hosting a showcase reception during the IMF/World Bank meetings to be held in Washington DC, USA, in October this year.

The theme of the reception will be : Bahrain - The Winning Formula - 1st for Finance in the Middle East and will be held at the prestigious Smithsonian's National Portrait Gallery on Friday 19th October, 2007. As well as the chance to highlight Bahrain's exceptional status as the financial capital of the Middle East to a global audience, it is an excellent networking opportunity and offers an attractive base for business interests.

Ahli United Bank BSC (AUB) is one of the first banks to confirm its sponsorship of this event. Ahli United Bank is a fully fledged commercial and investment banking group providing wealth management, retail, corporate, treasury, offshore and private banking services through its operations in Bahrain and its subsidiaries in Kuwait, Egypt and the UK and its associate banks in Qatar and Iraq. AUB's strategy is to expand through both organic growth and acquisition in order to act as a 'multifaceted financial bridge' between the international financial markets and its Gulf clients. AUB was awarded 'Best Bank 2007 - Middle East' by Euromoney and Global Finance and 'Bank of the Year 2006 - Middle East' by The Banker.

Other Sponsors of the Showcase Reception so far are Al Salam Bank, BBK, Eskan Bank, Gulf International Bank, Investcorp, National Bank of Bahrain, Securities & Investment Company (SICO) and United Gulf Bank.