Leaders from member countries have converged to Istanbul to attend the economy summit of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of the Islamic Conference (OIC).

The COMCEC Economy Summit will be held at Istanbul's Four Seasons Hotel on November 9 to mark the 25th anniversary of the committee.

Heads of state and government will be in attendance at the summit which is expected to focus on activities of the committee in the last 25 years.

President Abdullah Gul met with President Murmanbek Bakiev of Kyrgyzstan, Palestinian Prime Minister Salam Fayyad, President Mahmoud Ahmadinejad of Iran, President Hamid Karzai of Afghanistan, President Bashar al-Asad of Syria, President Raimundo Bacai Sanha of Guinea-Bissau and Prime Minister Nader al-Dahabi of Jordan.

During his meeting with Palestinian Prime Minister Fayyad, President Gul expressed his regret that peace and stability could not be ensured in the region yet. Fayyad, on his part, said that the process initiated by U.S. President Barack Obama had slowed down recently.

Meanwhile, Prime Minister Recep Tayyip Erdogan said after his meeting with President Ahmadinejad of Iran, the regional issues, Turkey-Iran relations and Iran's nuclear energy were high on agenda of the meeting.

COMCEC

The COMCEC was established during the Third Islamic Summit Conference held in Mecca, Saudi Arabia, in 1981. COMCEC became operational at the Fourth Islamic Summit in 1984 with the election of the president of Turkey as its chairman.

The committee aims at developing economic and commercial cooperation among the member states.

It has 57 member states and three observer members.

AA