Entitled "A New Vision for the GCC Financial Services Industry", the conference will focus on various important issues with great relevance to the financial industry in the GCC countries, Alanazi said, adding that there will be four sessions that will thoroughly discuss various important issues. The first session will discuss the future challenges for the GCC capital markets. The second session will focus on the GCC economy and the new business environment. The Third session will look into the impact of Basel-II on the banking industry. And the final session will deal with the impact of the GCC monetary union on the financial institutions. The GCC is made up of Saudi Arabia, The United Arab Emirates, Kuwait, Qatar, Bahrain and Oman.--SPA1441 Local Time 1141 GMT www.spa.gov.sa/261990