Council news

Gulf Monetary Council Welcomes Delegation from the Union of Arab Banks

Mr. Turki Dhaifallah Almutairi, Chief Executive Officer of the Gulf Monetary Council, welcomed a delegation from the Union of Arab Banks, led by Dr. Wissam Fattouh, Secretary General of the Union, at the Council’s headquarters on 8 July 2026. The visit forms part of the Union of Arab Banks efforts to strengthen collaboration and foster closer ties with regional banking and financial institutions.

During the meeting, both sides exchanged views on topics of mutual interest and explored opportunities to strengthen cooperation, as well as enhance the exchange of knowledge and expertise.

Gulf Monetary Council Held its Sixty-Fifth Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-fifth meeting for Board of Directors, Monday, September 16, 2026, in Kingdom of Bahrain.

His Excellency Mr. Khaled Humaidan, the Governor of Central Bank of Bahrain, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

Gulf Monetary Council Held its Sixty-Fourth Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-fourth meeting for Board of Directors, Sunday, September 14, 2025, in Kuwait.

His Excellency Mr. Khaled Humaidan, the Governor of Central Bank of Bahrain, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

Gulf Monetary Council Held its Sixty-Third Board Meeting

The Gulf Monetary Council (GMCo) held its sixty-third meeting for Board of Directors, Thursday, February 20, 2025, in Kuwait.

His Excellency Mr. Khaled Humaidan, the Governor of Central Bank of Bahrain, chaired the board meeting, which was attended by their Excellencies the Governors of national central banks in member countries, and in addition to participation of His Excellency GMCo’s president.

The Board meeting discussed a number of topics on the agenda and took the appropriate decisions in their regard.

The Board of Directors appoints the Governor of the Central Bank of Bahrain as Chairman

GMCo’s Board decided to elect Mr. Khaled Ibrahim Humaidan as the Chairman of the Board, and His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani as Vice Chairman. Their term of office starts on January 1, 2025, for a period of one year. The Board’s decision was taken as per Article (9) of the Statute, which states that “The Board of Directors shall elect a chairperson and a vice-chairperson among its members for a one-year office.”

Mr. Khaled Ibrahim Humaidan is currently the Governor of Central Bank of Bahrain, while His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani is the Governor of Qatar Central Bank. Accordingly, the Gulf Monetary Council wishes success to the Chairman and the Vice Chairman in the next term. The Monetary Council also thanks the former Chairman, His Excellency Mr. Basel A. Al-Haroon, Governor of Central Bank of Kuwait, for his efforts and wise management during the previous term.