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Arab Banking Forum opens in Beirut

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Arab Banking Forum opens in Beirut

Post  claud39 on Wed Nov 14, 2018 9:15 am

http://www.uabonline.org/en/news/arabicnews/15751601157815781575158116051604157816021609157516/57628/1


Arab Banking Forum opens in Beirut




14/11/2018











The Association of Arab Banks in Beirut, in cooperation with the Asian Financial Cooperation Organization (AFCF), held a seminar on "Activating the Belt and Road Initiative" in the presence of Wang Qigian, the Ambassador of China to Lebanon, Mr. Wissam Fattouh, Secretary General of the Union of Arab Banks and banking and banking institutions. . 
Speaking at the opening ceremony of the forum, Fransabank Chairman Adnan Al-Qassar said in his speech 'The Arab-Chinese Relations Strategy', calling for "enhancing all cooperation, partnerships and relations between China and the Arab world, in cooperation with the banking sector, In establishing such links'.
The Secretary-General of the Asian Financial Cooperation Organization, Zeping Yang, stressed the "urgent need to strengthen cooperation between China and the Arab world in the banking, financial and trade sectors," calling on Arab banks and associations 'to join the membership of the Asian Financial Cooperation Organization'. 
The Secretary-General of the International Chamber of Commerce for the Silk Road Li Zunyang announced the plan of the Chamber to establish an Arab-Chinese financial platform to finance infrastructure projects in the Arab world, noting the contribution of the minor to 'promote the interests of the Arab world and consolidate Arab-Chinese relations'.
The Chairman of the Union of Arab Banks, Mohammed Al-Jarrah Al-Sabah, said: "The forum aims at finding a mechanism and platform for discussions on the areas of the new partnership between China and the Arab countries within the framework of the belt and road initiative and enhancing the growing Sino-Arab cooperation, which is reflected in various Chinese investments and projects in many Arab countries '. 
He praised the 'historic Arab-China relations', noting that "the principles and common interests between the two sides, which take root day after day, based largely on the official initiatives of China towards the Arab region." 
"The Lebanese banking sector is still the main driver of the Lebanese economy," said Raed Charafeddin, First Deputy Governor of the Banque du Liban.
He focused on 'firm laws, prudent management and vision of the Bank of Lebanon, as well as measures aimed at enhancing transparency and compliance'. 
The opening of the forum witnessed the signing of two memorandums of understanding with Fransabank Group, the first from the Lebanese Ministry of Industry and the second from the Asian Financial Cooperation Organization.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Wed Nov 14, 2018 9:17 am

http://www.uabonline.org/en/news/arabicnews/16041576160615751606161015871578159016101601157516/57642/0


Lebanon hosts the first Arab-Chinese Economic and Banking Forum and two Memoranda of Understanding for Fransabank with the Industry and Asian Financial Cooperation Organization




14/11/2018

















[rtl]The first Arab-Chinese Economic and Banking Forum was held in Beirut under the patronage of Prime Minister Saad Hariri, in a remarkable presence of Chinese and Arab banks, financial institutions, companies, chambers of commerce and associations. The Fransabank Group organized the forum in cooperation with the Union of Arab Banks and the Asian Financial Cooperation Organization.[/rtl]




[rtl]The Honorary Chairman of the Federation of Arab Chambers and Chairman of Fransabank Group Adnan Al Qassar welcomed the participants in the opening speech, stressing the strategy of Arab-Chinese relations and calling for enhancing the cooperation, partnerships and relations between China and the Arab world in cooperation with the banking sector. These links.[/rtl]




[rtl]Yang Zaiping, Secretary General of the Asian Financial Cooperation Organization, stressed the "urgent need for closer cooperation between China and the Arab world in the banking, financial and trade sectors," calling on Arab banks and associations to 'join the membership of the Union'.[/rtl]




[rtl]Li Zhonghang, Secretary-General of the International Chamber of Commerce (ICC), announced the Chamber's plan to establish an Arab-Chinese financial platform to finance infrastructure projects in the Arab world.[/rtl]




[rtl]For his part, Chairman of the Union of Arab Banks and Chairman of the Board of Directors of the Kuwait International Bank and a member of the Board of Directors of the Kuwaiti Banks Association Sheikh Mohammed Jarrah Al-Sabah, pledged the commitment of the Union of Arab Banks in partnership with Chinese associations and other chambers and bodies to consolidate banking and financing relations between China and the Arab world. He stressed that 'the important role played by Arab banks in the international economic scene is a sign of the immunity of the sector and its strength and continued growth despite the political and economic challenges facing the Arab region'.[/rtl]




[rtl]The Forum opened with the words of the First Deputy Governor of the Bank of Lebanon, Raed Charafeddine, which included strong indications of the confidence that the Lebanese Central Bank continues to maintain and maintain the Lebanese economy, stressing that the Lebanese banking sector remains the main engine of the Lebanese economy. Wise management and vision of the Central Bank of Lebanon, and measures to enhance transparency and compliance.[/rtl]




[rtl]Two memoranda of understanding: The opening of the forum witnessed the signing of two memorandums of understanding with the Fransabank Group, the first from the Lebanese Ministry of Industry and the second from the Asian Financial Cooperation Organization. Fransabank is the first Arab bank to establish a dedicated Chinese office to serve Chinese entities and companies operating in Fransabank markets, as well as local companies dealing with China.[/rtl]




[rtl]The MoU between the Asian Financial Cooperation Organization and the Fransabank Group aims to promote China-Arab research, events, exchanges and partnerships.[/rtl]




[rtl]The Memorandum of Understanding with the Lebanese Ministry of Industry has two main objectives: 'To develop Lebanese industry through the establishment of major industrial parks throughout the country and to initiate renewable energy projects in the industrial sector'. "The paving of the way for Lebanon to play its important and pivotal role in the Belt and Road Initiative by inviting and attracting Chinese groups and investors to work in Lebanon are all objectives that are in line with the [/rtl]

[rtl]Fransabank Group's objectives," said Fransabank.[/rtl]









[rtl][/rtl]

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Wed Nov 14, 2018 9:21 am

http://www.uabonline.org/en/news/arabicnews/16051604157816021609157516041589161015851601157716/57640/0

Sino-Arab Banking and Business Forum Decides to Establish an Investment Bank




 14/11/2018







The first Arab-Chinese Economic and Banking Forum was held in Beirut under the patronage of Prime Minister-designate Saad Hariri in a remarkable presence of Chinese and Arab banks, financial institutions, companies, chambers of commerce and associations. The Fransabank Group organized the forum in cooperation with the Union of Arab Banks and the Asian Financial Cooperation Organization. 

The Honorary Chairman of the Federation of Arab Chambers and Chairman of the Fransabank Group Adnan Al-Qassar welcomed all participants, stressing the Arab-China relations strategy. He called for enhancing cooperation, partnerships and relations between China and the Arab world, in cooperation with the banking sector. Consolidate such links.

Yang Zaiping, Secretary-General of the Asian Financial Cooperation Organization, stressed the "urgent need for closer cooperation between China and the Arab world in the banking, financial and trade sectors", calling on Arab banks and associations to "join the Union." 

The Secretary-General of the International Chamber of Commerce for the Silk Road Li Zhonghang announced the chamber's plan to establish an Arab-Chinese financial platform dedicated to financing infrastructure projects in the Arab world. 

For his part, Chairman of the Union of Arab Banks Sheikh Mohammed Jarrah Al-Sabah pledged the commitment of the Union of Banks in partnership with Chinese associations and other chambers and bodies to consolidate banking and financing relations between China and the Arab world. He stressed that the important role played by Arab banks in the international economic scene is a sign of the immunity of the sector and its strength and continued growth despite the political and economic challenges facing the Arab region.

The Forum opened with the words of the First Deputy Governor of the Bank of Lebanon, Raed Sharafeddin, which included strong indications of the confidence that the Banque du Liban continues to manage and maintain the Lebanese economy, stressing that the Lebanese banking sector remains the main driver of the Lebanese economy. 

The opening of the forum witnessed the signing of two memorandums of understanding with Fransabank Group, the first from the Lebanese Ministry of Industry and the second from the Asian Financial Cooperation Organization. 

The MoU between the Asian Financial Cooperation Organization and the Fransabank Group aims to promote Chinese-Arab research, events, exchanges and partnerships. The memorandum of understanding with the Lebanese Ministry of Industry has two main objectives: "To develop Lebanese industry through the establishment of major industrial parks throughout the country and to initiate renewable energy projects in the industrial sector." 

In the middle house

In the evening, Prime Minister Hariri met with the Chinese delegation headed by CPPCC vice chairman Chan Shiyakwang and the accompanying delegation in the presence of Chinese Ambassador to Lebanon Wang Kijian and former minister Adnan al-Qassar.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 7:42 am

http://economy-news.net/content.php?id=14380


Launch of the annual conference of the Union of Arab Banks in Beirut with the participation of Iraq


15/11/2018











Economy News - Baghdad


The Arab Banking Conference, sponsored by Lebanese Prime Minister Saad al-Hariri, started in Beirut on Wednesday morning with a broad Arab banking participation, including the presence of a prominent Iraqi banker, represented by a delegation comprising representatives of state and private banks and the Association of Iraqi Private Banks .
A delegation representing the Central Bank of Iraq, led by Deputy Governor Munther Al-Shaikhli, will participate in the conference .
The conference will be held this year under the theme "Public-Private Partnerships to Achieve Development Goals" in conjunction with the 45th anniversary of the Union of Arab Banks .
The conference was launched by the President of the Association of Banks in Lebanon, Joseph Tarabi, who stressed that the partnership between the private sector and the private sector is the economic lever for any sustained economic growth and ensuring decent living .
The opening ceremony was held on behalf of Lebanese Prime Minister Fouad Siniora, the former prime minister .
She then addressed the participants of the conference, which reviewed the importance of the banking sector in the economic advancement and sustainable development in the Arab world and achieve the required reforms of the economies of the Arab countries, noting the importance of partnership between the public and private sectors, especially in banking as an essential element for achieving development.
The words stressed the need to face the challenges facing the banking business in the Arab world and the risks to which it is exposed, including the search for innovative sources of financing, and achieve the goals of sustainable development in the economic, social and educational dimensions
The words called for providing an environment conducive to the success of the private sector and creating a balance between profitability and community service
The words proposed the establishment of a regional institution to activate the activity of the private sector and take practical steps to address the risks.
In his address to the conference, the Chairman of the Union of Arab Banks Mohammed Jarrah Al-Sabah stressed the importance of mobilizing all the energies of society, especially the public and private sectors to achieve real participation and development and provide services to society.
He called on the Arab countries to encourage the private sector and provide an environment conducive to economic and social development, attracting investments and achieving effective partnership between all Arab financial and economic activities.
For his part, Chairman of the Arab Monetary Fund Abdul Rahman Al-Humaidi pointed out that the partnership between the public and private sectors has become the concern of all Arab governments in view of the importance of this partnership and its great impact on the level of emerging economies and the fight against unemployment, which amounted to 15% throughout the Arab world .
He also stressed the importance of supporting small and medium enterprises and raising the efficiency of the public sector and achieving partnerships between it and the private sector, stressing the existence of significant opportunities for Arab banking activity in financing development projects, pointing to the importance and role of central banks in maintaining the value of national currencies against the basket of foreign currencies.
He reviewed the activities of the Arab Monetary Fund, including the Arab clearing system to encourage the use of negotiable Arab currencies, reduce the cost of remittances and enhance the confidence of correspondent banks in Arab banks.
For her part, Minister of Planning in Egypt Hala Al-Saeed reviewed the activities of Egyptian banks, especially investment in infrastructure projects, including solar energy projects and the establishment of new cities with economic and social dimension.
And limited government projects in supporting small and medium-sized enterprises and achieving managerial competition.
She pointed to the importance of developing the financial sector and its transition to digital transformation as one of the developmental goals, and achieving financial coverage to include all sectors of Egyptian society.
Fouad Siniora delivered the speech of Lebanese Prime Minister-designate Saad Hariri expressing his wishes for the success of the Arab financial and banking activity .
He stressed that there is no title to address the title of public-private partnership adopted by the conference as a logo
He pointed out that the increase in debts is one of the most serious challenges faced by Arab economies, noting the importance of achieving reforms, encouraging the private sector, financing projects, developing innovative methods in this field and not relying on government budgets. He urged institutional frameworks for the private sector in general and the private banking sector in particular. To provide the necessary capital to establish projects and create new jobs and create laws for public-private partnership to create a locomotive to lead the sustainable development and the formation of large investment opportunities
He noted the preparations made by the government to hold the Arab Economic Summit in Beirut soon, calling on the Arab financial and banking sector to participate extensively in the summit hosted by Lebanon.
At the end of the opening session of the conference, the Union of Arab Banks honored Abdulrahman Al-Humaidi, Chairman of the Arab Monetary Fund, and Mr. Abdullah Al-Saudi, Chief Executive Officer of Bahrain's Financial and Investment Consultants.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 7:48 am

http://economy-news.net/content.php?id=14384


The Arab Banking Conference will hold the first working session in the presence of a crowd of money men in Arab countries including Iraq


11/15/2018








Economy News Beirut:

The annual Arab banking conference held the first working session in the presence of a large crowd of businessmen, businessmen and bankers, including a high-ranking Iraqi banking delegation .
The participants discussed the partnership among the Arab countries, the requirements of the success of public-private partnership and the challenges of sustainable development in the Arab region .
The participants also discussed the partnership between the public and private sectors, civil society in Arab countries, partnership between Arab countries, international organizations and development banks . The speakers focused on the importance of financial coverage and the launching of poor or low-income banks to help SMEs to establish small and medium enterprises.
The speakers, who represent the financial and business institutions in various Arab countries, focused on devising ways to encourage the owners of funds to deposit their money in banks and to open savings accounts for all segments of society in the framework of the strategy of financial inclusion and raise the banking awareness among citizens of Arab countries at all levels.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 9:20 am

http://economy-news.net/content.php?id=14384


The Arab Banking Conference will hold the first working session in the presence of a crowd of money men in Arab countries including Iraq


15/11/2018











Economy News Beirut:

The annual Arab banking conference held the first working session in the presence of a large crowd of businessmen, businessmen and bankers, including a high-ranking Iraqi banking delegation .
The participants discussed the partnership among the Arab countries, the requirements of the success of public-private partnership and the challenges of sustainable development in the Arab region .
The participants also discussed the partnership between the public and private sectors, civil society in Arab countries, partnership between Arab countries, international organizations and development banks . The speakers focused on the importance of financial coverage and the launching of poor or low-income banks to help SMEs to establish small and medium enterprises.
The speakers, who represent the financial and business institutions in various Arab countries, focused on devising ways to encourage the owners of funds to deposit their money in banks and to open savings accounts for all segments of society in the framework of the strategy of financial inclusion and raise the banking awareness among citizens of Arab countries at all levels.
During the second session, speakers focused on the success of private and public banks in participating in economic and social development.
The participants explained the requirements of achieving development in the Arab countries through the activation of foreign investment, stressing the importance of focusing on the development of agricultural and industrial projects that reduce the volume of imports from abroad.
During the session, extensive discussions were held between the participants and the session management, which dealt with the management of development and the regional dimension required to achieve partnerships in the agricultural field in particular and to accelerate investment in this field.
They also noted the importance of involving the private sector in the management and leadership of development in Arab countries .

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 1:09 pm

http://www.dijlah.tv/index.php?page=article&id=217299


[size=30][ltr]With the participation of Iraq .. Launch of the Arab banking conference in Lebanon[/ltr][/size]






15-11-2018 01:19 PM













Iraq participated in the annual Arab banking conference under the patronage of Lebanese Prime Minister Saad Al-Hariri. The delegation of Iraq represented representatives of government and private banks and the Association of Iraqi Private Banks. 

The conference will be held this year in the Lebanese capital of Beirut under the theme 'Public-Private Partnership for Achieving Development Goals' in conjunction with the 45th anniversary of the founding of the Union of Arab Banks. 

The conference was launched by the President of the Association of Banks in Lebanon, Joseph Tarabi, who stressed that the partnership between the private sector and the private sector is the economic lever for any sustained economic growth and ensuring decent living. 

The opening ceremony was held on behalf of Lebanese Prime Minister Fouad Siniora, the former prime minister.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 1:31 pm

https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-%D9%8A%D9%84%D9%82%D9%8A-0


HE ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL OF THE ARAB MONETARY FUND, ADDRESSES THE OPENING OF THE 2018 ARAB BANKING CONFERENCE, ENTITLED "PUBLIC-PRIVATE PARTNERSHIP" 15 NOVEMBER 2018 BEIRUT, LEBANON






2018-11-15










In the presence of HE Saad Hariri, Prime Minister of the Republic of Lebanon, HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund, delivered a speech at the opening of the annual Arab Banking Conference 2018. The meeting was attended by a number of Excellencies, Arab Directors, Directors General of the Arab Commercial Banks, as well as senior officials in the financial, banking and economic sectors from the public and private sectors at the Arab, regional and international levels.

His Excellency the Director General addressed the risks facing the global financial system, particularly the high level of public and private indebtedness, as well as the implications of these risks on developing economies, including Arab countries. He also pointed out that the Arab countries need to raise the growth rates to levels close to five percent to achieve a significant reduction in unemployment rates, pointing out that the unemployment rate in the Arab countries reached 15 per cent in 2017, more than double the global average of 5.7 percent.

His Excellency stressed the importance of continuing to adopt structural and institutional reforms aimed at enhancing the productivity and competitiveness of Arab countries, noting that there is still a need to adopt policies aimed at ensuring a more favorable and encouraging environment for the private sector. In order to enhance productivity and competitiveness. He also stressed the importance of continuing efforts to support the SME sector, particularly in terms of access to finance and financial services.

In the same context, His Excellency pointed out the importance of strengthening public-private partnership initiatives in raising the contribution of the private sector to GDP, providing additional opportunities for financing infrastructure projects, raising the efficiency of the public sector in managing investment projects and creating more jobs, The number of public-private partnerships projects in Arab countries remains limited. The number of projects based on these partnerships in the Arab countries is only three projects per 10 million in the Arab region, compared to 34 projects per 10 million in East Asia and the Pacific, and 22 projects per 10 million in Latin America Example.

Dr. Al-Humaidi also praised the efforts exerted by central banks and Arab monetary institutions to maintain financial stability, support the safety and stability of the banking sector and its ability to cope with shocks and enhance its efficiency in financing economic activity. Most Arab countries have made significant progress in implementing capital requirements in accordance with Basel III requirements. Capital requirements in a large number of Arab countries exceed the level set by Basel III . On the other hand, the Arab central banks have adopted all efforts to successfully implement quantitative and qualitative liquidity requirements. The liquidity coverage ratio has been implemented according to the gradual time frame adopted by Basel in a number of Arab countries, In this regard.

In another context, HE Al-Humaidi discussed the Arab Monetary Fund's programs and activities in the financial and banking sectors. The Regional Initiative for Enhancing Financial Coverage in the Arab Countries ( FIARI)) Launched by the Fund in 2017 under the umbrella of the Board of Governors of Central Banks and Arab Monetary Institutions. He also highlighted the Fund's keen interest in the topics of modern financial technology and its applications, recognizing the great opportunities offered by these technologies. He pointed out in this respect the first Arab Forum for Modern Financial Technologies organized by the Fund in cooperation with the World Bank, the German Development Agency, 12 and 13 December 2018, noting the Fund's keenness in the framework of its responsibility as a technical secretariat to include the programs of the meetings of the Council of Arab Ministers of Finance and the Board of Governors of central banks and Arab monetary institutions and committees and their working groups, Modern techniques of financial applications and the study of its impact on the economy and financial stability and inclusiveness.ARPS ). 

In conclusion, HE Al-Humaidi thanked the Union of Arab Banks for giving him the opportunity to speak at the conference, wishing the Union further progress and prosperity. His Excellency also thanked and appreciated the State of President Saad Hariri for attending the conference.



[url=https://www.amf.org.ae/sites/default/files/%D9%83%D9%84%D9%85%D8%A9 %D9%85%D8%B9%D8%A7%D9%84%D9%8A %D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1 %D8%A7%D9%84%D8%B9%D8%A7%D9%85 - %D8%A7%D8%AA%D8%AD%D8%A7%D8%AF %D8%A7%D9%84%D9%85%D8%B5%D8%A7%D8%B1%D9%81.pdf]Full text of the word[/url]











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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 1:36 pm

https://www.amf.org.ae/ar/content/%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1%D8%AD%D9%85%D9%86-%D8%A8%D9%86-%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%AD%D9%85%D9%8A%D8%AF%D9%8A-%D8%A7%D9%84%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D9%86%D9%82%D8%AF-26




HE DR. ABDULRAHMAN BIN ABDULLAH AL-HUMAIDI, DIRECTOR-GENERAL, CHAIRMAN OF THE ARAB MONETARY FUND, RECEIVES THE "VISION OF LEADERSHIP AWARD 2018" FOR THE UNION OF ARAB BANKS


2018-11-15














HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund, receives the "Vision of Leadership Award 2018" for the Union of Arab Banks in recognition of his efforts in enhancing coordination between Arab economic, financial and monetary authorities.
 

In the presence of HE Mr. Fouad Siniora representing the State of Prime Minister Saad Hariri, Prime Minister of the Republic of Lebanon, HE Mr. Riad Salameh, Governor of the Banque du Liban, HE Sheikh Mohammed Al Jarrah Al Sabah, Chairman of the Council of Arab Banks Union. General of the Arab Monetary Fund, HE Dr. Abdulrahman bin Abdullah Al-Humaidi, Director General of the Arab Monetary Fund (AMF), received the "Leadership Vision 2018"To the Union of Arab Banks, in recognition of the achievements of its Excellency and its distinguished role in enhancing coordination and cooperation between the various economic, financial and monetary authorities in the Arab countries and supporting the efforts and endeavors of the Arab countries in achieving economic stability, enhancing financial inclusion and establishing the elements of sustainable development. This system achieves advantages in promoting inter-Arab trade and investment, regional financial integration and the use of Arab currencies. The Leadership Vision Award represents the highest award awarded by the Union of Arab Banks.



On this occasion, HE Dr. Abdulrahman bin Abdullah Al-Humaidi expressed his wishes to the Union of Arab Banks and the Secretariat of the Union to continue the successes and achievements in the service of Arab banking. He also expressed his pleasure at this award to all his colleagues, whether in his previous responsibilities in the Saudi Arabian Monetary Agency or currently in the Arab Monetary Fund.
















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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Thu Nov 15, 2018 2:02 pm

http://www.uabonline.org/en/events/conferences/theannualarabbankingconferencefor2018/55561/0


The Annual Arab Banking Conference for 2018










          
On the occasion of the 45th anniversary of the Union of Arab Banks, the Union will hold the 'MENA Banking and Finance Week' from 13 to 16 November 2018, which includes 3 main events: 


[list="color: rgb(108, 105, 93); font-family: arial, sans-serif; font-size: 13.3333px; background-color: rgb(255, 255, 255);"]
[*]China - Arab Business & Banking Forum (Tuesday 13/11/2018)

[*]Arbitration in the Resolution of banking and commercial disputes Forum  (Wednesday 14/11/2018),

[*]Annual Arab Banking Conference (Thursday and Friday 15-16/11/2018) entitled 'Public Private Partnership for achieving SDGs'. 


[/list]
The Annual Arab Banking Conference for 2018 


“Public Private Partnership for achieving SDGs”
BACKGROUND 




The interest in public-private partnership had increased since the early 1990s, when it became clear that economic and social development depends on mobilizing all society’s potentials, including resources and expertise of public and private sectors. For that, developed and developing countries have attempted to build relationships in which all sectors of the society contribute in the unification, management, operation, expansion and development of projects and enterprises in order to serve their purposes on the basis of effective participation, sound governance, transparent accountability, and mutual benefit. 

In 2015, the United Nations set a Development Agenda, based on financing for development, to reduce vulnerability in social, environmental and economic structures. The Heads of States and Governments met in July 2015 in Addis Ababa to re-affirm their commitment to address financing challenges and to create an enabling environment for sustainable development at all levels. The United Nations Development Program called for a renewed global partnership to promote actions to eradicate poverty and empower women, provide quality education, afford decent employment and end hunger and malnutrition. 

In line with the challenges facing the Arab region today, which hinder the achievement of the comprehensive and sustainable development, and based on the Development Goals of the new Millennium, the Union of Arab Banks organizes its annual Arab Banking Conference in 2018 under the title: 'Public Private Partnership for achieving SDGs', as the partnership between public and private sectors is the mechanisms to provide specific services, and since the private sector partnership has become a common term for businesses and governments, particularly for economic development. Noting that decision-makers in the Arab region have become aware of the importance of private sector participation in achieving sustainable development, by highlighting the significant role of the private sector in the strategic economic transformation plans of the Arab countries, such as the “2030 Vision” for Saudi Arabic, Egypt and all Arab Countries. 

The idea of linking partnership and development stems from the fact that public and private sectors possess particular advantages and benefits that can be combined to achieve sustainable development goals, especially as these goals are difficult to be achieved by each sector individually. Private sector institutions provide financial resources and management expertise as well as quality control. The civil society organizations provide local knowledge and commitment to the society, while the public sector is responsible about organization and strategic coordination. 


OBJECTIVES 

The conference aims to develop a roadmap to deal with the economic and social challenges in the Arab region, and to highlight the importance of the Arab private sector contribution in financing sustainable development in its various forms, by mobilizing financial resources, especially the Arab banking sector, in addition to clarifying the relationship between sustainable development and public-private partnership, in addition to focusing on the role of this partnership in achieving sustainable development. 

TOPICS OF DISCUSSIONS 


The role of Governments, Central Banks and Financial Institutions in achieving sustainable development goals 


Partnership for Development


- Partnership among the Arab countries
- Requirements of successful PPP Public-Private Partnership
- Sustainable Development Challenges in the Arab Countries
- The Public-Private-Civil Society partnership in Arab countries
- Partnership between Arab countries and the international organizations and development  banks 

Achieving Sustainable Development Goals and Voluntary National Reviews


- The reality of development in the Arab region
- The achieved sustainable development goals
- How to achieve all sustainable development goals in the Arab region 

Achieving Sustainable development goals through Entrepreneurship and Innovation


- Create a conducive environment for innovation and entrepreneurship
- Investing in human capital
- Government initiatives supporting innovation and technical progress

The legislative and institutional frameworks necessary for the success of Partnerships


- Legislation and laws
- Providing an effective monitoring system
- Establishing arbitration mechanisms 


Economic Empowerment & Financial Sustainability in the MENA Region

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 16, 2018 7:36 am

http://economy-news.net/content.php?id=14388



Arab banking conference resumes its work in Beirut for the second day in a row




 11/16/2018











Economy News Beirut:

The annual Arab banking conference resumed in Beirut on Friday for the second day in a row with the participation of a wide range of Arab banking leaders, including Iraq.
The first morning session was chaired by Iyad al-Asali, general manager of the Arab Islamic International Bank in Jordan, with the participation of a number of banking leaders, including Deputy Governor of the Central Bank of Iraq Munther Sheikli.
During the meeting, a number of participants addressed topics related to renewable energy, how to create an environment conducive to innovation, establishment of projects, investment in human capital, government initiatives and technical progress .
The research focused on the importance of innovation in entrepreneurship and achievement of success and the establishment of institutions and networks in this area, and noted the role of financial institutions in supporting innovations and embrace innovators and entrepreneurs.
The Chairman of the Board of Directors of the International Development Bank "Iraqi" Ziad Khalaf in a speech to the session the importance of sustainable development, which has become an important and vital demand, calling for strengthening the principle of partnership between the public and private sectors to achieve this goal, stressing the need to use human resources and natural to achieve economic growth and social comprehensive Achieves a better future for future generations .

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 16, 2018 9:04 am

http://www.uabonline.org/en/news/arabicnews/15891606158316081602157516041606160215831575160415/57688/0


Arab Monetary Fund warns of the dangers of debt and shock affect markets








16/11/2018





Abdul Rahman Al-Humaidi, Director General of the Arab Monetary Fund (AMF), said that increasing risks to the global financial system are linked to the potential impact of high public and private debt rates and the potential for loss of growth momentum in some developing countries and emerging market economies. He also warned against the risks posed by the accumulation of financial fragility in these markets. The current year witnessed a widening range of tensions resulting from restrictions on international trade by major economies.
Speaking at the opening of the 2018 Arab Banking Conference held in Beirut yesterday, Al-Humaidi said: "The public and private debt has witnessed a remarkable increase over the past years, which is now one of the most prominent features of the global economy. Affect global economic recovery and financial stability as public and private debt levels reach record levels compared with the pre-global financial crisis. " 

"The ratio of non-financial institutions' debt to GDP in developing countries and emerging market economies rose from 139 percent in 2010 to about 200 percent in 2017, especially in China, where the non-financial sector debt rose from 180 to more than 250 percent of GDP. "
"Developing countries and emerging market economies face risks from a number of external and internal factors that, in the event of any shock, could affect markets, weaken investor confidence levels and significantly affect the performance of these markets," Al-Humaidi said. He pointed out that «the previous period, which was characterized by low interest rates, the accumulation of public and private debt in a number of these countries, and with the return to the traditional tracks of monetary policy and successive lift tours in the United States, it is estimated that some of them face major challenges, Weak economic growth rates, rising internal and external deficits and limited fiscal space, which could affect interest rates and exchange rates. "

Al-Humaidi stressed the need to "raise the Arab countries growth rates to levels close to 5 percent to achieve a significant reduction in unemployment rates rising, which amounted to 15 percent in 2017, more than double the global average of 5.7%, and unemployment of young Arab 27.3 percent, is the highest in the world ». 

He stressed the importance of "continuing structural and institutional reforms aimed at enhancing the productivity and competitiveness of Arab countries, creating an enabling environment for the growth of private sector activities to reduce transaction costs, simplifying procedures for initiating and facilitating projects, protecting property rights, enforcing contracts and protecting competition." 

He called on «to continue efforts to support the SME sector, as well as to promote the employment of modern financial technologies, thus contributing to the development of services and products of financial institutions and banking sector oriented».

Al-Humaidi received the "Leadership Vision 2018" award for the Union of Arab Banks at a special ceremony in the presence of Lebanese Prime Minister Saad Al-Hariri and Chairman of the Council of Arab Banks Union Sheikh Mohammed Al-Jarrah Al-Sabah in appreciation of his achievements and his role in enhancing coordination and cooperation between the economic, financial and monetary authorities in the Arab countries.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 16, 2018 9:06 am

http://www.uabonline.org/en/news/arabicnews/15751604161016081605157516061578160715751569157516/57696/0


Today .. The end of the official events for the financial week and the Arab banking in Beirut


16/11/2018









The Arab Financial and Banking Week will be held in Beirut on Friday with the participation of more than 700 leading banking and financial figures, central bank governors, ministers of planning, finance and the Arab economy. On November 15 and 16. 
On the sidelines of the conference, the Union honored Dr. Abdulrahman Abdullah Al-Humaidi, Director General of the Board of Directors of the Arab Monetary Fund, with the award of 'Leadership Vision 2018.' The conference witnessed the participation of a high level delegation from the Egyptian banking sector.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 16, 2018 9:09 am

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Siniora represented Hariri at the Arab Banking Conference: 3 projects approved by the government will form a locomotive for development




16/11/2018





The Union of Arab Banks has chosen the "Public-Private Partnership for Achieving Sustainable Development Goals" as the title of its annual banking conference, which coincided with the 45th anniversary of its founding, to discuss the challenges facing our Arab world today, after years of war and destruction of infrastructure. According to the report of the Arab Forum for Environment and Development. The report pointed out that the Arab region needs about 230 billion dollars a year to achieve the objectives of sustainable development, 17 which is expected to increase in the prevailing conditions of instability. The funding gap in the Arab countries is estimated at more than $ 100 billion annually, according to the head of the Association of Banks, the chairman of the International Federation of Arab Bankers, Joseph Tarbih. Therefore, securing sustainable financing for the implementation of basic projects to achieve sustainable development "remains the most important challenge facing our Arab region, which places a primary responsibility on Arab governments to find and develop new and appropriate methods to finance those basic needs." Prime Minister Fouad Siniora, Conference. And to meet the challenges «to accelerate the implementation of reforms in public finances, and the necessary structural reforms, including the need to work to reduce the size of the state, and emphasize the importance of enhancing productivity, and also the importance of activating the role of the private sector in securing part of the sustainable financing needed by the Arab region To achieve the advancement ». He explained that the Lebanese government has set its priorities in the field of sustainable development and provided an integrated vision during the Cedar Conference to promote stability, launch growth and regional development, and new job creation areas based mainly on strengthening public-private partnership. He pointed out that the government recently launched three major infrastructure projects which, along with many others, will constitute a locomotive to accelerate Lebanon's growth and development: Rafiq Hariri International Airport expansion and the international road to Khulada south of Beirut to Al-Aqiba in northern Lebanon , And the Lebanese National Data Center project.

"The success of the partnership between the private sector and the public sector benefits the Lebanese economy, stimulates growth and provides jobs," said the Governor of the Banque du Liban Riad Salameh. According to his estimates, every $ 1 billion investor generates 2 percent growth, stressing that the Cedar conference and the financing approach adopted are a good input and framework for activating the partnership while maintaining stability. 

Lebanese President Mohamed Choucair, for his part, called for a coherent and productive economic rescue government that can make quick and appropriate decisions and pass projects that satisfy the aspirations of the Lebanese, including sustainable development. 

The Executive Secretary of the Economic and Social Commission for Western Asia (ESCWA), Mounir Thabet, said that "the Plan of Action of the 2030 Agenda stresses the importance of concerted efforts from the public and private sector, civil society, academia and other partners to ensure the success of the desired development process and make it sustainable."

Chairman of the Union of Arab Banks, Sheikh Mohammed Al-Jarrah Al-Sabah, pointed out that "interest has increased in the partnership between the public and private sectors since the early nineties after it became clear that the process of economic and social development depends on mobilizing all the potential of society, including the energies, resources and expertise of the two sectors" . 

********************************************** ********** 

Proceedings of the Conference

The conference was opened in the morning at the Hotel "Venice" under the patronage of Prime Minister Hariri and the presence of a prominent Arab presence and a crowd exceeded the expectations of the organizers. The opening ceremony was attended by President Tamam Salam, Minister of Planning, Follow-up and Administrative Reform in Egypt Dr. Hala Al-Saeed, Salameh, Tarbiya, Al-Jarrah Al-Sabah, Secretary General of the Union of Arab Banks, Wissam Fattouh, Choucair, Director-General of the Arab Monetary Fund Abdulrahman bin Abdullah Al-Humaidi, Political, diplomatic, military, Arab and foreign banking, economic, financial and banking leaders and a crowd of interested parties. 

Tarbih

At the beginning, the Lebanese anthems and the Union of Arab Banks and the presentation of the judge Ahmed Safar, gave a speech in which he explained the figures presented in the report of the Arab Forum for Environment and Development, which held its conference last week in Beirut also, stressing that «no success in achieving sustainable development in our Arab world But only in partnership between the public and private sectors », where the experiences of some countries proved that the partnership has become a major contributors to the development of the economy. He also pointed out that the Arab banking sector is looking positively at the public-private partnership system. "But encouraging the banking sector to finance sustainable development projects that may carry higher risks requires incentives from governments, central banks and international institutions involved in finance and development." He explained that "reaching the goals of sustainable development requires huge investments in billions, or even trillions of dollars." He asked: "Where does the funding come from, as the public and private sources of funding in the Arab region recede and in light of the effects of the unrest and war? "It is necessary to mobilize all sources of funding from the Arab and international development finance funds and the private sector. This requires policies and regulatory and financial measures based on transparency and legislative stability. The floor to attract investment.

On Lebanon, he said, "We see the importance of the role played by the partnership between the public and private sectors, headed by the banking sector, in the re-development of the economy." 

Shukir

"The partnership between the public and private sectors has begun to make its way, especially with the current government headed by President Saad Hariri. This has been reflected through cooperation in more than one file and the passing of the Law on Partnership between the Sectors," he said. But to meet the challenges and to achieve faster progress on the path of development, it is necessary to change the prevailing conservative mind that works on the basis of God to God and Caesar to Caesar, to a mindset deeply believes that the interest of the public sector and the private sector is one interest, the interest of the country ». "In any case, we are waiting impatiently to form a government, to follow all projects that satisfy the aspirations of the Lebanese, including sustainable development. "But frankly, the situation of the country urgently requires the formation of a government, a government that inspires confidence, a harmonious and productive economic rescue government that can make quick and appropriate decisions." 

Fixed

"The Agenda 2030 emphasizes the importance of concerted efforts from the public and private sector, civil society, academia and other partners in order to ensure the success of the desired development process and make it sustainable," he said. This agenda also underscores the need to integrate sources of funding for implementation. " The face on behalf of «ESCWA» vital messages several of which should be available legislative environment to stimulate the private sector, creating a kind of balance between profitability and the community service, in addition to several proposals put forward »ESCWA« in order to ensure the success of public partnerships - private PPP, including the 

establishment of a regional observatory and the allocation of a share of The banks' credit portfolios to support small and medium enterprises, the creation of mechanisms to activate collective funding, the expansion of risk financing and the allocation of adequate resources for environmentally friendly projects. 

the morning

He pointed out that interest has increased in the partnership between the public and private sectors since the early nineties after it became clear that the process of economic and social development depends on mobilizing all the potential of society, including the energies, resources and expertise of the two sectors. Therefore, both developed and developing countries continue to seek to build participatory relations in which the sectors of society contribute to the unification, development, management, operation, development and development of enterprises and businesses in order to serve their objectives on the basis of effective participation, good governance, transparent accountability and mutual benefit. 

Hamidi

"The Arab Monetary Fund plays an important role as a center for meeting and consultation of economic, financial and monetary policy makers in addition to its role in capacity building through the specialized training programs provided by the Institute for Economic Policy in the Fund to the cadres of the member countries," Al-Humaidi said. He announced that the Arab Monetary Fund has launched several initiatives, the most important of which is the Arab Payment Systems initiative to develop the system of clearing and settlement of payments and securities in 2015, at the request of the central banks in the countries of the Middle East and North Africa. 

Happy

The Minister of Planning in Egypt said that her country, in developing its national strategy, was keen to achieve sustainable development represented by the vision of Egypt 2030, which was launched in the presence of the President of the Republic in February 2016, the formulation and preparation of this strategy through partnership between the government and the private sector as well as society Civil society. She explained that the implementation of the objectives of the vision of Egypt 2030 and the future development plans, she said that achieving comprehensive and sustainable development in light of the increasing challenges, whether local, regional or international, requires the diligent efforts of all development partners from the private sector and civil society of the government, "so the Egyptian state has the will And a clear plan of action supported and supported by the political will to continue efforts and complete the steps initiated during the last period within the framework of the national program of economic reform ». 

safety

"Lebanon is benefiting from the partnership between the private sector and the public sector. The success of this partnership benefits the Lebanese economy, stimulates growth and provides jobs," Salamah said. He estimated that every $ 1 billion investor generated 2% growth, hoping that private sector participation would be mainly capitalized, and that funding through debt would be limited, after the private sector's debt to the banking sector accounted for 110% local production. He also hoped that the source of funding will be external, in order to maintain the balance of payments, stressing that «partnership is a need for the public sector to continue to play its leading role in development without increasing the public debt».

He said that the Cedar conference and the financing approach adopted were considered as an appropriate framework and framework for activating the partnership while maintaining stability. The Capital Markets Authority has a role to support the success of this approach. He pointed out that "the Capital Market Authority will take the basic initiatives so that dealing with Lebanese securities is similar to what is practiced globally, and thus reassuring the global market." "Through its financial operations, the Banque du Liban has sought to maintain monetary stability. And the development and type of these operations to serve this goal », stressing that he will continue to follow this method, which secure and secure its monetary objectives. "The Lebanese economy is controlled, and the dollarization of deposits has reached 70 percent. The economic exchange traded in Lebanon was more than 75 percent. " He praised the success of the banks in maintaining the foreign currency flows towards their sector supported by the Banque du Liban, which contributed to maintaining an economic movement acceptable to the extent of economic activity related to the availability of foreign currencies due to the dollarization of the economy. Deposits grew at an annual rate of 4 percent, including growth of 4.3 percent in dollars, he said, expecting the economy to grow by 2 percent in 2018, "close to the growth rate in the Middle East and Africa." He reiterated that "the Bank of Lebanon respects market trends in determining the benefits that have reached levels of monetary balance." The deposit interest rate in lira is 8.5 percent and the interest rate on dollar deposits is 5 percent. The interest rate has exceeded this rate in private products representing about 1 percent of total deposits and does not reflect the general rate of interest base in Lebanon. Deposits grew at an annual rate of 4 percent, including growth of 4.3 percent in dollars, he said, expecting the economy to grow by 2 percent in 2018, "close to the growth rate in the Middle East and Africa." He reiterated that "the Bank of Lebanon respects market trends in determining the benefits that have reached levels of monetary balance." The deposit interest rate in lira is 8.5 percent and the interest rate on dollar deposits is 5 percent. The interest rate has exceeded this rate in private products representing about 1 percent of total deposits and does not reflect the general rate of interest base in Lebanon. Deposits grew at an annual rate of 4 percent, including growth of 4.3 percent in dollars, he said, expecting the economy to grow by 2 percent in 2018, "close to the growth rate in the Middle East and Africa." He reiterated that "the Bank of Lebanon respects market trends in determining the benefits that have reached levels of monetary balance." The deposit interest rate in lira is 8.5 percent and the interest rate on dollar deposits is 5 percent. The interest rate has exceeded this rate in private products representing about 1 percent of total deposits and does not reflect the general rate of interest base in Lebanon. He reiterated that "the Bank of Lebanon respects market trends in determining the benefits that have reached levels of monetary balance." The deposit interest rate in lira is 8.5 percent and the interest rate on dollar deposits is 5 percent. The interest rate has exceeded this rate in private products representing about 1 percent of total deposits and does not reflect the general rate of interest base in Lebanon. He reiterated that "the Bank of Lebanon respects market trends in determining the benefits that have reached levels of monetary balance." The deposit interest rate in lira is 8.5 percent and the interest rate on dollar deposits is 5 percent. The interest rate has exceeded this rate in private products representing about 1 percent of total deposits and does not reflect the general rate of interest base in Lebanon.

Siniora

The opening remarks concluded with a speech by Prime Minister Siniora referring to the IMF's recent report on the prospects of the regional economy in the Middle East on the risks of rising global benefits as the biggest challenges faced by the Arab countries in the coming period. And the necessary structural reforms, including the need to work to reduce the size of the state, and to emphasize the importance of enhancing productivity and activating the role of the private sector in securing part of the sustainable financing needed by countries in the Arab region. To achieve advancement ». "Securing sustainable financing to implement key projects to achieve sustainable development remains the most important challenge facing our Arab region. This places a primary responsibility on the Arab governments to find and develop new and appropriate methods to finance these basic needs. Therefore, the need, as well as the nature of the general conditions that we are going through at this stage requires the use of the private sector, to be able to secure the appropriate financial resources in size, nature and efficient management to invest in projects that contribute to the achievement of the goals of sustainable development. This requires our Arab countries to provide effective incentives and incentives, find the right economic and financial frameworks, adopt appropriate laws and modernize the institutional frameworks that sponsor and regulate the work of the private sector in our Arab countries. "

Said that the government has set its priorities in this area of ​​sustainable development and presented at Cedar conference an integrated vision to promote stability, launch growth and regional development, and new job creation areas based mainly on strengthening public-private partnership. This has been paved in practice by passing the Public Private Partnership Law last year. Prime Minister Fouad Siniora said that the government has recently launched three major projects in the infrastructure "with many others, a locomotive to accelerate the growth and development of Lebanon": the expansion of Rafic Hariri International Airport, North Lebanon, and the Lebanon National Data Center project. He pointed out that "there are many other projects that will be launched in succession in the coming stages, which will be new and important investment opportunities for the private sector and promising for the national economy, which can be played by the Lebanese and Arab banking sector a major role in launching." He added: «Lebanon will be in two months and in January 2019 next date with his Arab brothers and with his friends in the world, to host the Arab Economic and Social Summit. Most of the official invitations to attend this summit, which Lebanon wants to be a successful and productive economic and social summit, have been directed at the Arab and Lebanese levels and to reflect the hopes of the Lebanese and the aspirations of our young women and youth.

Honored 

after the opening, were honored ceremony for dignitaries and Arab leaders, during which Fattouh announced the leadership of Dr. Hamidi Vision Award. He also announced the Arab banking personality of the year and is the chief executive officer of the consultants in the field of financial and maritime investment, Abdullah Saudi. 

The conference will continue until today and will hold working sessions on "Partnership for Development", "Achieving the goals of sustainable development and voluntary national review", "Achieving the goals of sustainable development through entrepreneurship and innovation" and "The legislative and institutional frameworks necessary for the success of the partnership and achieving the development goals and the week Global Entrepreneurship, "" Financial Integration for Women and Youth in the Middle East and North Africa, "to conclude with a closing statement.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 16, 2018 9:53 am

http://economy-news.net/content.php?id=14395





Annual Arab Banking Conference concludes in Beirut and issues a final statement

 16/11/2018









Economy News Beirut:

The Arab Banking Conference, held under the theme "Public-Private Partnership for Sustainable Development "
The delegation was attended by delegations representing the financial and banking institutions in the Arab countries, including a delegation of Iraqi high banker headed by Deputy Governor of the Central Bank of Iraq Dr. Munther Sheikhli, as well as a delegation from the Association of Iraqi private banks.
The two-day conference held five working meetings during which several important topics were discussed, including public-private partnership, achieving sustainable development objectives, integration and financial inclusion of women and youth, and the role of governments and central banks in achieving sustainable development.
At the conclusion of its two-day meetings, the conference issued a final communiqué addressing the ideas and recommendations reached to activate these points and put them into practice in the Arab world.
Also on the sidelines of the conference on the occasion of the 45th anniversary of the establishment of the Union of Arab banks honored a number of successful Arab banking and financial leaders, including the President of the Association of Iraqi private banks Wadih al-Hanal and the role of the Association prominent in the development of the Iraqi banking sector, and his personal contribution to the project Baghdad, The Chairman of the Board of Directors of Jihan Bank was honored for the successes achieved by the Bank during the previous period.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Sat Nov 17, 2018 7:26 am

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Union of Arab Banks Honors Al-Hantal for his role in the development of the Iraqi banking sector and project Baghdad




11/17/2018











Economy News Beirut:

On the occasion of the 45th anniversary of the founding of the Union of Arab Banks, the Federation honored the President of the Association of Iraqi Private Banks Wadih Al-Hancal with the Federation's Shield and received the award on behalf of Al-Hantal, Executive Director of the Association Ali Tariq.
Wissam Fattouh, secretary-general of the Union of Arab Banks, said that Al-Hantal deserved this award due to his continuous efforts in promoting and developing the Iraqi banking business and for his great role in completing the Baghdad project, which was the development of more than 20 squares in the Iraqi capital
During the ceremony, during which a dinner was held for the participating delegations, Cihan Bank was honored with a similar pledge received by the Chairman of the Board of Directors of the Bank
The Arab Banking Conference started its work in Beirut on Thursday with the participation of representatives of financial institutions and banks in the Arab countries under the slogan of partnership between the public and private sectors to achieve the goals of sustainable development, and continue for two days

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Sun Nov 18, 2018 7:25 am

http://economy-news.net/content.php?id=14399



Union of Arab Banks Honors the President of the Arab Monetary Fund the Leadership Vision Award 2018

11/18/2018






Economy News _ Baghdad

The Union of Arab Banks honored the Chairman of the Board of Directors of the Arab Monetary Fund Abdul Rahman Abdullah Al-Humaidi with the "Leadership Vision 2018" award in recognition of his efforts to strengthen coordination between the Arab economic, financial and monetary authorities and to support the opportunities for financial inclusion. 
In the presence of Fouad Siniora, the representative of Prime Minister Saad Hariri, Prime Minister of the Republic of Lebanon, Riad Salameh, Governor of the Banque du Liban and Sheikh Mohammed Al-Jarrah Al-Sabah, Chairman of the Council of the Union of Arab Banks.
The Director-General of the Arab Monetary Fund, Dr. Abdulrahman bin Abdullah Al-Humaidi, received the award for his outstanding role in enhancing coordination and cooperation between the various economic, financial and monetary authorities in the Arab countries and supporting the efforts and efforts of the Arab countries to achieve stability. As well as its efforts to follow up the implementation of the Arab clearing system and its advantages in promoting intra-Arab trade and investment, regional financial integration and the use of Arab currencies. " 
For his part, Hamidi expressed his wishes to the Union of Arab Banks and the Secretariat of the Union to continue successes and achievements in the service of Arab banking, and expressed his pleasure with this award to all his colleagues, either in his previous responsibilities in the Saudi Arabian Monetary Agency or currently in the Arab Monetary Fund.

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Re: Arab Banking Forum opens in Beirut

Post  claud39 on Fri Nov 23, 2018 4:46 pm

http://www.uabonline.org/en/news/arabicnews/15751604157116051610160615751604159315751605160415/57830/0



Secretary General of the Union of Arab Banks: Enabling the youth economically saves them from the danger of falling into the trap of terrorist groups




 23 November 2018













Mr. Wissam Hassan Fattouh, Secretary General of the Union of Arab Banks, announced the launch of the 'Financial Culture Initiative' aimed at educating Arab youth and changing their ideas and urging Arab banks to finance them, especially in small projects. 

The initiative, launched by the Union in conjunction with the end of the Arab Banking Conference held recently in Beirut, aims to protect young people from falling into the trap of these groups. 

Wissam Hassan Fattouh said that cooperation between the Union and the United Nations is represented by the Investment and Technology Promotion Office of the United Nations Industrial Development Organization (UNIDO), which aims to achieve economic and social development in the Arab region by focusing on youth and women.

Fattouh said during a dialogue with the United Nations news on the sidelines of the Arab Banking Conference that the Union of Arab banks includes 400 banks distributed in twenty Arab countries to contribute to the development of the Arab region. He added: 

'We noted that the funds related to economic development or micro or medium - sized projects are still very modest and may not reach 10% of the total funds issued by the Arab banking sector. And therefore we launched an awareness campaign to urge Arab banks to increase their funding, especially in projects that are aimed at development goals and not consumer financing does not stimulate the economy. 

"The United Nations and governments have all called for the involvement of the private sector to mobilize their financial and human resources to help governments achieve the goals of sustainable development," Mr Fattouh said.

According to government reports, the gap in access to the goals of sustainable development in the Arab region amounts to 250 billion dollars. Fattouh said that bridging the gap lies with the Arab funds, because these banks have large sums of money and are located in Kuwait, Saudi Arabia, , Noting that effective will and cooperation are necessary to bridge this gap. 

He said that the Union was keen to invite all these funds to the banking conference in Beirut to reflect on how to bridge this funding gap.

In response to a question on the practical steps being taken by the Union to empower young people and women in the Arab region, Wissam Fattouh said that there are several initiatives, including the Federation's financial inclusion initiative, which aims at providing employment opportunities and services to Arab youth through the incubator and financing projects. Small and medium, especially in the fields of technology, saying that these economic incubators provide employment opportunities for young people, 'educated and uneducated.' 

Among the recommendations of the Arab Banking Conference is the need to stimulate and unleash innovation and creativity among young people through the development and modernization of educational curricula that take into account the linking of education to innovation and incubation, leading to entrepreneurship, in addition to encouraging investment, cooperation and partnerships among entrepreneurs to achieve economic growth. .

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