Posted on March 24, 2011

HE The Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani has stressed that the banking reality in GCC countries is fine, hoping that it would remain so in the future.

Addressing the first session of the 10th GCC Banking Conference today, HE the Prime Minister and Foreign Minister said " our ambitions have no limits in light of the aspirations of the GCC leaders for a promising future and a prosperous and sustainable development of the GCC countries' peoples''. He underlined the need to achieve the required balance between economic growth on the one hand and financial stability and price control on the other.

HE Sheikh Hamad bin Jassim bin Jabor al-Thani said the march of the GCC countries aimed at establishing a GCC monetary union made important strides by the establishment of the GCC Monetary Council, adding: " if the dream of a single Gulf currency has become imminent, I am confident that the aspirations of our peoples in unity will accelerate the achievement of this dream not for the four countries participating in the Monetary Council only, but all the GCC states".