Position: Central Bank Governor
Incumbent: Rasheed Mohammed al-Maraj
Term: Began Jan. 17 2005, renewable every five years
— As Governor, al-Maraj runs the daily management of the Central Bank of Bahrain (CBB).
— Within three months after the end of each financial year, al-Maraj must present the CBB Board with a report on the central bank’s operations, a copy of audited accounts and an external auditor’s opinion on those accounts.
— Before becoming central bank governor, al-Maraj was general manager and chief executive of Arab Petroleum Investments Corporation in Dammam, Saudi Arabia from 1999 to 2005. Before that, he served in several Bahraini ministries, including the finance and transport ministries.
— In February, al-Maraj said Bahrain had not seen any major capital flight following protests on the streets, but other Gulf Arab countries later stepped in with a $10 billion aid package to help the country’s economy. Growth was projected at 4 to 5 percent for 2011.
— Al-Maraj was appointed to the Consultation Council of the Gulf Cooperation Council in 2004 and is on the boards of Bahrain’s Economic Development Board, National Oil and Gas Authority and Telecommunications Regulatory Authority.
— Al-Maraj holds an engineering degree from the University of Houston. HE also attended Strathclyde University.