Investcorp, the asset management firm specialising in alternative investments, will sponsor ‘Banks in Bahrain’, a reception hosted by the Bahrain Association of Banks in Washington, DC.

The reception will take place on October 8 in conjunction with the annual meetings of the International Monetary Fund (IMF) and the World Bank Group.

The Banks in Bahrain reception will highlight the progress and development of Bahrain's banking sector to global financial and business leaders and policymakers who are participating in the IMF / World Bank Meetings.

“This reception focuses attention on Bahrain, and the wider GCC, highlighting the rapid development of the finance industry and its deepening connections to global capital markets,” said Mohammed Al-Shroogi, Investcorp’s president of Gulf business.

“Despite the continued effects of the global crisis, Bahrain continues to attract foreign investment due to its established community of bankers and strong regulation.”

“For nearly thirty years, Investcorp has been acting as a gateway between the Gulf and transatlantic markets and is proud to be part of this event which brings leading members of the global banking community together,” Al-Shroogi added. – TradeArabia News Service