CBB governor receives London mayor

Central Bank of Bahrain Governor Rasheed Al-Maraj received today Rt. Hon the Lord Mayor of the City of London Alderman Roger Gifford and his delegation currently visiting the Kingdom. Mr. Al-Maraj welcomed the Lord Mayor to Bahrain and briefed him about the role of the CBB and the recent development in the financial sector in Bahrain. The meeting highlighted Bahrain’s strong historical relationship with the City of London and their shared experiences over the years. The Governor commented, “We have always looked to City of London as a model, and despite the financial crises of recent years it remains the leading financial centre in the world.” “The financial services sector has always played an important link between our two countries, we will continue to build on that for the future, ” said Rasheed Al Maraj, Governor of the CBB The Governor praised the British regulatory authorities for extending many licenses to Islamic Financial Institutions and setting up the necessary foundation and services towards the development of this important sector in the UK.