Gulf policymakers to discuss new steps to boost markets

Dubai: Gulf Arab policymakers would discuss new ways of helpign the region cope with the global financial crisis, Al Arabiya television reported on Saturday.

Gulf Arab central bank governors and finance ministers are holding an emergency meeting in Riyadh, Saudi Arabia, on Saturday to discuss how they coordinate their responses to the crisis.

The steps being considered include directing more government funds into bank accounts and regional stock markets.

The policymakers would also look at possibly revising investment plans abroad, Al Arabiya reported.