GCC financial market institute proposed

Updated 15 August 2013
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GCC financial market institute proposed

The General Secretariat of GCC countries is considering a proposal submitted by the United Arab Emirates to establish a training institute specializing in financial market operations prior to the formal launch of the GCC common market.
Another proposal by Kuwait to establish an information and data center for financial markets will be reconsidered by the General Secretariat. The center will be headquartered in Kuwait.
Chairman of the organizers of financial markets committee has emphasized the importance of submitting regular reports to the secretariat on the application of unified rules concerning the listing of financial instruments, as well as suggestions for improving and developing them, according to forms prepared by the team of listing, disclosure and governance.
The proposal by the UAE suggested that the General Secretariat be included as a strategic partner while delivering services of the training institute to all organizers of the financial markets. The institute will be the foundation for the establishment of another institute which will be dedicated to development of staff specializing in the supervision of financial markets.
Sources told local media that the ministerial committee agreed to form a team comprising experts in training and studies. Members of the team will be sent to the organizers of the financial markets for selection process, and for proposing necessary mechanisms for cooperation and integration of institutions working in the financial field.
Regarding Kuwait’s proposal for the establishment of an information and data center for financial markets, the ministerial committee decided that a study needs to be conducted on best global practices in establishing such a center.


Saudi Arabian Tourism and Heritage Authority registers 43 archaeological sites

Updated 25 min 34 sec ago
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Saudi Arabian Tourism and Heritage Authority registers 43 archaeological sites

  • Saudi Arabia’s General Tourism and Heritage Authority has registered 43 archaeological sites across the Kingdom
  • Among the registered sites are 26 locations in the holy city of Makkah

RIYADH: Saudi Arabia’s General Tourism and Heritage Authority has registered 43 archaeological sites across the Kingdom during the section quarter of this year.
Among the registered sites are 26 locations in the holy city of Makkah, including Al-Hafaira in the governorate of Al-Taif, and two archaeological sites in the governorate of Al-Jamoom,
It also includes nine in the region of Assir, including a site in the city of Bel Qarn, in south Saudi Arabia, and a location at the Shefa Saad site and several others in Wadi Ne’am in the governorate of Tathleeth.
The Kingdom has announced the registration of 32 archaeological sites during the first quarter of 2018.
The authority has also launched established the national electronic register for the documentation of archaeological and historical sites in the Kingdom.
It allows recording their details electronically so that they can be protected and developed. Through this important national project, the Authority has managed to register 8268 archaeological sites so far in the various regions of the Kingdom.