Bahrain plans services growth

HE Shaikh Ahmed bin Mohammed Al Khalifa (pictured), Bahrain's finance minister, called for better and more co-ordinated supervision of financial world markets.

Speaking at the opening of the Hedge Funds Review Middle East Summit in Bahrain, he said the contagion affecting all markets around the world presented several challenges to regulators and governments.

Shaikh Al Khalifa said the soft-touch, light regulation of the past was "an interesting concept" but it was now a case of self-preservation