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International Development Bank wins membership of the Union of Arab Banks Management DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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International Development Bank wins membership of the Union of Arab Banks Management Empty International Development Bank wins membership of the Union of Arab Banks Management

Post by claud39 on Tue Apr 23, 2019 9:15 am

[size=36]International Development Bank wins membership of the Union of Arab Banks Management[/size]




23/04/2019








International Development Bank wins membership of the Union of Arab Banks Management 122342019_aed8cbfc-7d0f-48e1-b268-53b8ae36b7d3





BAGHDAD - 

The Iraqi Association of Private Banks announced on Tuesday that the Chairman of the Board of Directors of the International Development Bank Ziad Khalaf Abdul joined the Board of Directors of the Union of Arab Banks
"It is the first time in the history of the Union of Arab Banks, which is a member of the Board of Directors of the Union of Banks of Iraqi private banks," the Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement received by Mawazine News. 
He added that "the accession of the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf, the beginning of an important task of opening Iraq to Arab banks and partnerships to develop the infrastructure of the Iraqi banking sector.
The Development Bank was established in 2011 and has a capital of $ 250 billion. It owns more than 15 branches inside and outside Iraq, and has deployed many ATMs and points of sale in commercial centers, hotels and branches.





https://www.mawazin.net/Details.aspx?jimare=43832
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International Development Bank wins membership of the Union of Arab Banks Management Empty The International Development Bank wins the membership of the Board of Directors of the Union of Arab Banks

Post by claud39 on Tue Apr 23, 2019 9:29 am

The International Development Bank wins the membership of the Board of Directors of the Union of Arab Banks


 04/23/2019





International Development Bank wins membership of the Union of Arab Banks Management 14742





Economy News Baghdad



The Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul joined the Board of Directors of the Union of Arab Banks, the first time that the private banking sector in Iraq such a center to be the voice of the Iraqi banking sector. 
The Union of Arab Banks was established in 1973 and is headquartered in Lebanon and operates under the umbrella of the League of Arab States. It aims to develop the Arab banking sector through partnerships between Arab banks. 
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a press statement received by "Economy News", it is "the first time in the history of the Union of Arab banks, which is a member of the Board of Directors of the Union of banks from Iraqi private banks to be the voice of all banks in Iraq, , Adding that "the victory behind the beginning of an important mission to open Iraq to Arab banks and partnerships to develop the infrastructure of the Iraqi banking sector." 
Ziad Khalaf is the Chairman of the Board of Directors of the International Development Bank and is considered one of the important bankers who have made a qualitative leap in the Iraqi banking sector through the success of the International Development Bank by occupying the first place in technology provided to the public. 
The Development Bank was established in 2011 and has a capital of $ 250 billion. It owns more than 15 branches inside and outside Iraq and has deployed several ATMs and points of sale in commercial centers, hotels and branches.





http://economy-news.net/content.php?id=16389
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International Development Bank wins membership of the Union of Arab Banks Management Empty Launch of the 2019 Arab Banking Conference

Post by claud39 on Tue Apr 23, 2019 2:01 pm

Launch of the 2019 Arab Banking Conference




04/23/2019



International Development Bank wins membership of the Union of Arab Banks Management 14750









Economy News Beirut



The Arab Banking Conference of 2019, under the patronage of Lebanese Prime Minister Saad Hariri, began in Beirut on Tuesday.
The conference started by playing Lebanese national peace and the anthem of the Union of Arab Banks. On the sidelines of the conference, which will last three days, the General Assembly of the Union of Arab Banks will hold its 46th session under the theme "Economic Reforms and Governance".
The Chairman of the Council of the Union of Arab Banks, Mohammed Jarrah Al-Sabah, addressed the opening session, addressing the challenges faced by banks in light of wars and conflicts and the decline of the economies of Arab countries as well as corruption, poverty and displacement and the deterioration of infrastructure in Arab countries and the spread of illiteracy.
The surgeon stressed the importance of economic reforms in the Arab countries and the establishment of a road map in this area and the development of plans for sustainable development.
Participating in the conference delegations representing government and private banks and organizations and associations of banks in Arab countries, including the Association of Iraqi private banks represented by a delegation headed by Executive Director Ali Tariq.
The President of the Association of Lebanese Banks, Joseph Tarabia, in a speech in which he addressed the importance of improving the governance procedures in Arab countries and the need not to rely on oil and the need to develop economic sectors and diversification, pointing to the seriousness of external indebtedness of Arab countries, noting the increasing proportion of debt service.
He pointed out the need to achieve comprehensive economic reforms to provide jobs for the unemployed, who are frighteningly increasing in the Arab world. 
He pointed to the seriousness of the complexities of the current Arab world, stressing the importance of rationalizing spending, fighting corruption, addressing public debt, developing government revenues and encouraging investment to achieve sustainable development. 
For his part, Governor of the Banque du Liban Riyad Salama addressed the situation of the Lebanese banks in light of the exciting issues they are dealing with, especially on the issue of compliance and governance. 
The conference was chosen by the Governor of the Banque du Liban Riad Salameh as the best banker in the Arab world and the world in 2019 at a special ceremony in the presence of Lebanese Prime Minister Saad Hariri.
Hariri expressed his congratulations to the Governor of the Banque du Liban on the award, expressing his optimism about the ongoing economic reforms in the Arab countries, including Lebanon at the present time, stressing the role of Lebanese banks in achieving these reforms.
Hariri stressed his government's interest in the banking sector and its keenness to develop laws to support banking work.
Hariri opened the bank exhibition, which was held on the sidelines of the conference with the participation of many Arab banks and financial institutions. The opening of the exhibition was attended by participants in the conference who represent banks and financial institutions in the Arab world.
The conference will discuss issues and issues related to banking and the challenges facing Arab countries, including the challenges of economic reforms in the region, the importance of good governance of the Arab countries and the role of public-private partnerships in the development of Arab economies and the financing of reconstruction and sustainable development.
The conference will also be held in cooperation with the Institute of Finance and Governance at the latter's headquarters.





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International Development Bank wins membership of the Union of Arab Banks Management Empty The Arab Banking Conference for 2019 Economic Reforms & Governance

Post by claud39 on Tue Apr 23, 2019 2:22 pm

The Arab Banking Conference for 2019 Economic Reforms & Governance




International Development Bank wins membership of the Union of Arab Banks Management Rc_155368643938_18





The Arab Banking Conference for 2019 Economic Reforms & Governance
In accordance with UAB 46 Ordinary General Assembly Meeting


23 - 25 of April, 2019 Beirut – Lebanon



BACKGROUND


Most Arab countries suffer from economic distortions due to several years of improper planning at various economic and financial levels. This absence of proper planning results from the lack of economic diversification, whereby most Arab economies rely on one economic sector, namely oil, gas, agriculture or tourism. The dominance of one economic sector has made Arab economies vulnerable to global economic cycles as well as economic and financial shocks.  

Consequently, government revenues declined and budget deficits increased, forcing some Arab countries to borrow continuously and excessively, hence leading to an increase in public debt and a decline in their ability to repay. Indicators of indebtedness show that some Arab countries have occupied the top ranks on the list of the most indebted countries in the world. This, in turn, adversely affects their credit rating and their future borrowing prospects.

It is evident that due to burgeoning budget deficits and public debts, in addition to the subsidies provided by some governments on the prices of major consumption goods, the capacity of these countries to spend on developing or even maintaining their infrastructure decreased. The resulting decline in the quality of services and infrastructure coupled with subdued economic growth, made it nearly impossible to attract new private investment.

Moreover, the havoc wreaked in some Arab Countries as a result of eight years of war, conflicts and political turmoil has led to further deterioration in social and economic conditions in the region. The World Government Summit held in Dubai-UAE in February 2017, presented alarming indicators of the reality of Arab economies: 30 million Arabs live below the poverty line, the cost of corruption in the Arab region is around $1 trillion, 5 Arab countries are listed in the ten most corrupt countries in the world list, 75% of the world refugees are Arabs, the value of infrastructure which was destroyed by war has exceeded $400 billion, and the losses in Arab GDP has exceeded $300 billion since 2011.

In addition, the decline in economic growth in Arab countries and the decrease in the quality of public services have been accompanied by a significant decline in the governance indicators. Corruption and bribery are rampant, and very low levels of law enforcement, quality of legislation and confidence in the public sector have been recorded, all of which have led to a further decline in economic activity and entrepreneurship thus aggravating unemployment, poverty and illiteracy in our region. As a result, the Arab region has recorded the lowest human development rates in the world, despite the fact that it is characterized by its possession of huge wealth and natural resources.

OBJECTIVES

Based on this reality, the Union of Arab Banks will hold its Arab Banking Conference in April 2019 entitled 'Economic Reforms and Governance', which includes an analysis of the economic and financial policies adopted over the past decades and an assessment of their failures and shortcomings, discussing the sources of financing reconstruction and the new investment mechanisms that will reduce the burden on budgets of battered governments. Some of these mechanisms include the partnership between the public and private sectors and the role of the private sector in reconstruction and in the development of infrastructure. The conference will also discuss the mechanisms of public debt management in more sustainable ways to alleviate the debt burden on the economy.


TOPICS OF DISCUSSIONS

Challenges of the Economic Reform in the Arab World



* Key elements responsible for obstructing reform
* The ability of governments and institutions to plan, implement and manage reform programs
* Review of tax and financial policies and the need to adopt economic diversification policies
* Developing governance mechanisms as a foundation  for launching reform


Policies for managing Public Debt in the Arab World


* The impact of public debt on the economy
* The importance of sustainable management of public debt
* Reducing the budget deficit and devising plans to manage the public debt
* The contribution of international financial institutions in supporting public debt management


The role of Public – Private Partnership in developing the Arab Economies


* Financing infrastructure
* Enacting the Public-Private Partnership frameworks for funding and implementing projects
* Developing governance mechanisms & enhancing confidence in the public sector 


Financing Reconstruction & Sustainable Development


* Importance of Political, Financial and Monetary Stability
* Reviewing the economic models in the Arab countries to facilitate reconstruction programs
* Sources for financing reconstruction (Arab Private, Public and Investment Funds)
* Implications of displacement crisis on Arab economies and reconstruction



http://www.uabonline.org/en/events/conferences/thearabbankingconferencefor2019economicreformsgove/61659/0
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International Development Bank wins membership of the Union of Arab Banks Management Empty Today, the Arab banking conference will kick off in Beirut with a great international participation

Post by claud39 on Tue Apr 23, 2019 2:25 pm

Today, the Arab banking conference will kick off in Beirut with a great international participation




23/04/2019





International Development Bank wins membership of the Union of Arab Banks Management Rc_155600029720_23



On Tuesday, the Union of Arab Banks, in cooperation with the Banque du Liban and the Association of Banks in Lebanon, will organize the Arab Banking Conference of 2019 in Beirut, Lebanon, from April 23 to 25, in the presence of a large crowd of senior officials, economists and bankers. 

The conference will address the challenges of economic reforms and success stories in economic reform programs, including Egypt, where the conference will be attended by Ahmed Kogak, Deputy Minister of Finance for Financial Policy Affairs.

Wissam Fattouh, Secretary-General of the Union of Arab Banks, said that the Union is present in all financial, banking and economic circles, both Arab and international, as one of the most influential Arab organizations, in keeping with our societies and following up on its affairs and preserving its rights in all international forums. The threat of the repercussions of Arab developments and variables, especially with regard to economic repercussions, the importance of economic and political stability, the role of financial coverage, the financing of small and medium enterprises, combating money laundering and the financing of terrorism, Public and private sectors. 

Wissam Fattouh stressed that the Union of Arab Banks is one of the first two institutions to deal with the international laws and regulations imposed on banks through training and research procedures that have been credited in supporting the ability of our banking community to keep abreast of these legislations and deal with them with awareness and awareness.




http://www.uabonline.org/en/news/arabicnews/15751604161016081605157516061591160415751602160115/63043/0
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International Development Bank wins membership of the Union of Arab Banks Management Empty Conference of the Union of Arab Banks resumes its work in Beirut

Post by claud39 on Wed Apr 24, 2019 7:47 am

Conference of the Union of Arab Banks resumes its work in Beirut




24/04/2019





International Development Bank wins membership of the Union of Arab Banks Management 14781







Economy News _ Beirut



The Arab Banks Union Conference (2019) resumed its work in Beirut on Wednesday with the first working session on the second day of the conference to discuss the challenges facing the economic reform process in the Arab region and how to confront and overcome these challenges. 
The first session was chaired by the head of the Lebanese Businessmen's Group, who spoke with experts, financial officials and bankers from Egypt, Oman, Turkey and Morocco. 
The session addressed the factors underlying the failure of economic reform projects and the ability of governments and public institutions to plan reform programs and the need to adopt policies of economic diversification and the activation of governance mechanisms as a basis for launching the reform process.
The conference devoted the second working session held this afternoon to discuss another axis related to the importance of the sound management of public debt in the Arab countries. 
During the session, which was chaired by a professor of international law in Lebanon and France, he discussed banking and finance experts from Lebanon and Jordan. To encourage local authorities to borrow. 
At the end of the session, the Federation's shields were distributed to representatives of sponsoring and cooperating institutions and companies.





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International Development Bank wins membership of the Union of Arab Banks Management Empty The General Assembly of the Union of Arab Banks holds its 46th meeting in Beirut

Post by claud39 on Wed Apr 24, 2019 7:53 am

The General Assembly of the Union of Arab Banks holds its 46th meeting in Beirut


04/24/2019





International Development Bank wins membership of the Union of Arab Banks Management 14773





Economy News _ Beirut



The General Assembly of the Union of Arab Banks held its 46th meeting in Beirut on Wednesday, with 167 of its 379 members representing all members of the union. 
The General Assembly began discussing the agenda of its new session, which is full of topics, including the selection of a president and vice president for 2019, and the decisions of the General Assembly at its previous meeting and the report of the Secretary General on the activities of the Union during the period between the previous and current sessions of the General Assembly. 
At the beginning of the session, a representative of the banks of Lebanon was elected to chair the General Assembly. General Wissam Fattouh followed the report of the activities of the Union, which dealt with the achievements of the Union during the past year and the current situation, including the financial situation of the Union.
In particular, he mentioned the Federation's activities in the field of training, studies, research and activities carried out by the Federation during 2018, which included 79 activities including 21 Arab capitals, including Baghdad, pointing out that 371 banking institutions benefited or participated in these activities, which included good governance in Arab banks, cyber security, Money laundering and financial inclusion initiatives. 
Fattouh also reviewed the agreements concluded by the Federation with the counterpart organizations and associations in the world, which deal with banking activities in general and training in particular. 
This is attended by a delegation representing the Association of Iraqi Private Banks, headed by the Executive Director of the Association Ali Tariq.
 

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International Development Bank wins membership of the Union of Arab Banks Management Empty Chairman of the Bahrain Banking Group praises the important role of the Association of Private Banks

Post by claud39 on Wed Apr 24, 2019 9:01 am

Chairman of the Bahrain Banking Group praises the important role of the Association of Private Banks


23/04/2019





International Development Bank wins membership of the Union of Arab Banks Management 14754

Chairman of the Association of Iraqi Private Banks Wadih Al-Hanal (left) and CEO of Albaraka Banking Group, Adnan Yousef.









Economy News Beirut 


praised the Chief Executive Officer of Al Baraka Banking Group Bahrain, Adnan Yousef, thesignificant role played by the Iraqi private banks association led by its president Wadih Handal to develop the Iraqi banking sector. 
He said in an interview with "Economy News", on the sidelines of the annual conference of the Union of Arab Banks held in Beirut now, "The Association of Private Banks has succeeded in walking a sound line for the advancement of the Iraqi banking sector, and has played a major role in the provision of Iraqi banks in an excellent and good" . 
"The Association also managed to take excellent steps to bring a lot of banking sectors to Iraq," noting that "this role encouraged his group to open two branches in Iraq, the first in Baghdad and the second in Erbil."
Yusuf said that he visited Baghdad several times and found that the situation is completely different from the stereotype negative that some media tried to draw him, stressing the need for Iraq to campaign to clarify the reality of the situation, and he needs to present himself to others in real form. 

Established in 1978 as a public joint stock company, the Bahrain-based Albaraka Banking Group (ABG) was established in 1978 as a public joint stock company and has been able to open branches in a large number of Arab and foreign countries, including two branches in Iraq, one in Baghdad and the other in Erbil. Finance and development initiatives in all fields and Islamic financial transactions.







http://economy-news.net/content.php?id=16395
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International Development Bank wins membership of the Union of Arab Banks Management Empty Union of Arab Banks opens the Arab banking conference in Beirut

Post by claud39 on Wed Apr 24, 2019 10:05 am

Union of Arab Banks opens the Arab banking conference in Beirut




24/04/2019





International Development Bank wins membership of the Union of Arab Banks Management Rc_155608774410_23


The Arab Banking Conference 2019, under the title 'Economic Reforms and Governance', opened today in Beirut, Lebanon, in cooperation with the Association of Banks in Lebanon. 

Arab and international businessmen and heads of banking groups from Saudi Arabia, Bahrain, UAE, Kuwait, Egypt, Libya and Sudan as well as the governors of Arab central banks and Lebanese banking companies from various Arab countries, as well as financial and international institutions and Arab and foreign ambassadors. .
"The Lebanese government is committed to fighting corruption and waste and its determination to carry out the necessary reforms for the benefit of the Lebanese citizen and public finance," Prime Minister Saad Hariri said in a speech, stressing that banks and the Governor of the Banque du Liban would be ready to help them. 

He said: 'We in Lebanon want to carry out the necessary reforms for the benefit of the Lebanese citizen and public finance, and this is what is happening now. 

For his part, Governor of the Banque du Liban Riad Salameh said in a speech that governance in Lebanon is based on pillars such as the establishment of laws, including the laws of the 'Banque du Liban'. He pointed out that the 'laws' approved by the government and the parliament allowed Lebanon to be compliant in terms of combating whitening Funds and counter-terrorism.

He said: "The level of compliance in Lebanese banks is high, as confirmed by correspondent banks as well, and allowed the banking sector to follow up its business normally. The investigative body also interacted with the requirements of the investigation, if it comes from banks or the judiciary, and is following hundreds of files annually. 

The opening ceremony of the conference marked the honoring of the Governor of the Banque du Liban Riad Salameh as Governor of the year 2019 as the best Arab central bank governor in recognition of his distinguished efforts in developing the banking industry both in Lebanon and in the Arab world.






http://www.uabonline.org/en/news/arabicnews/15751578158115751583157516041605158915751585160115/63084/0
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International Development Bank wins membership of the Union of Arab Banks Management Empty Iraq is a member of the Board of Directors of the Union of Arab Banks

Post by claud39 on Wed Apr 24, 2019 11:03 am

[size=36][rtl]Iraq is a member of the Board of Directors of the Union of Arab Banks[/rtl][/size]


Tuesday, April 23, 2019





International Development Bank wins membership of the Union of Arab Banks Management Alsabaah-10985








Baghdad / Al-Sabah



Iraq joined the Board of Directors of the Union of Arab Banks, and thus will be an important voice alongside the banks of the Arab banking system.



Media spokesman at the Central Bank of Iraq d. Bassem Abdul Hadi counting the step of selecting a representative of the private sector in the Board of Directors of the Union of Arab banks on the task, and this choice is in line with the Iraqi Constitution, which placed the functions of managing the national economy of the private sector. 
 

A new addition



He said: "The presence of Iraq in this edifice added new and important, and strengthen confidence in the private banking sector, which is expanding outside the country and has branches in several countries, and here we congratulate the Iraqi private sector to prove its presence and representation of the country outside the country
The statement of the Association of Iraqi private banks received "morning" a copy of it, "Iraq's accession to the Board of Directors of the Union of Arab banks, comes to achieve integration between Iraq and its regional environment."
 

Infrastructure



The Executive Director of the Association of Banks Ali Tariq that "the first time that will represent Iraq in the Union representative of its private banking sector, the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, to be a voice for all banks in Iraq," noting that "an important step to open Iraq On Arab banks and partnerships to develop the infrastructure of the Iraqi banking sector. "



Established in 1973, the Union of Arab Banks is headquartered in Lebanon and operates under the umbrella of the League of Arab States. It aims to develop the Arab banking sector through partnerships between Arab banks. 
 

International effort



Tariq said that "the banking system in Iraq in front of an important stage is to prove the presence in light of competition with international banks that intend to enter Iraq, especially that the international effort to enter the Iraqi market and work in all joints, which requires a national banking device able to deal with the numbers And in this connection with the Arab banking system will witness the coming period and the escalation of work on the development of its banking reality. " 
 

Need customers



In turn, the engineer Ziad Khalaf that "the banking system in Iraq needs to achieve integration with the regional and international environment, especially that the reality of banks globally depends on advanced technology contributed to the creation of products and harmony needs of customers and individuals and companies, and the next task will expand cooperation with Arab banks in the way that serves National economy"..
He pointed out that "Iraqi banks are the oldest in the region, and we have human resources capable of mastering the advanced technology witnessed by the world and this facilitates much of the developmental tasks of the Iraqi banking system." 






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International Development Bank wins membership of the Union of Arab Banks Management Empty Arab Banking Conference concluded in 2019

Post by claud39 on Thu Apr 25, 2019 7:53 am

 Arab Banking Conference concluded in 2019


04/25/2019





International Development Bank wins membership of the Union of Arab Banks Management 14751







BEIRUT (AFX) - 



The 2019 Arab Banking Conference, organized by the Union of Arab Banks under the theme of "Economic Reforms and Governance", 
was concluded in Beirut on Thursday. The meeting was held at the headquarters of the Higher Institute of Business Esa in cooperation with the Institute. between the public and private sectors in the development of Arab economies and the financing of reconstruction and sustainable development  , 
and after the meeting at the end of the final statement to him the most beautiful Matousel conference concerning the paragraphs of his agenda  
and participated in the conference over the three - day banking figures and economy Represented by its government and private banks in the Arab countries , including the Iraqi private banks association delegation, headed by Executive Director Tariq Ali. As well as representatives of the Iraqi government banks, including Rafidain Bank and the Commercial Bank of Iraq
I saw the three - day conference opening exhibition of the banks participating and honoring Governor of the Central Bank of Lebanon Ariyad Salama 
discussed the conference a number of important topics , including the challenges of economic reforms in the Arab countries and the reasons for faltering economic reform projects and to review the financial policies of Arab and the importance of public debt in the Arab countries of sound administration 
ended







http://economy-news.net/content.php?id=16421
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International Development Bank wins membership of the Union of Arab Banks Management Empty Conference of the Union of Arab Banks resumes its work in Beirut

Post by claud39 on Thu Apr 25, 2019 1:27 pm

Conference of the Union of Arab Banks resumes its work in Beirut


24/04/2019





International Development Bank wins membership of the Union of Arab Banks Management 14781







Economy News _ Beirut



The Arab Banks Union Conference (2019) resumed its work in Beirut on Wednesday with the first working session on the second day of the conference to discuss the challenges facing the economic reform process in the Arab region and how to confront and overcome these challenges. 
The first session was chaired by the head of the Lebanese Businessmen's Group, who spoke with experts, financial officials and bankers from Egypt, Oman, Turkey and Morocco. 
The session addressed the factors underlying the failure of economic reform projects and the ability of governments and public institutions to plan reform programs and the need to adopt policies of economic diversification and the activation of governance mechanisms as a basis for launching the reform process.
The conference devoted the second working session held this afternoon to discuss another axis related to the importance of the sound management of public debt in the Arab countries. 
During the session, which was chaired by a professor of international law in Lebanon and France, he discussed banking and finance experts from Lebanon and Jordan. To encourage local authorities to borrow. 
At the end of the session, the Federation's shields were distributed to representatives of sponsoring and cooperating institutions and companies.





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International Development Bank wins membership of the Union of Arab Banks Management Empty Arab Banking Conference concluded in 2019

Post by claud39 on Thu Apr 25, 2019 1:29 pm

Arab Banking Conference concluded in 2019


25/04/2019



International Development Bank wins membership of the Union of Arab Banks Management 14799





Beirut - 

The Arab Banking Conference of 2019, organized by the Union of Arab Banks under the theme of "Economic Reforms and Governance", concluded in Beirut on Thursday. 

The conference held its closing session at the headquarters of the Higher Institute of Business esa in cooperation with the Institute.

The session discussed the role of public-private partnership in the development of Arab economies, and the financing of reconstruction and sustainable development.
At its conclusion, the final communiqué of the Conference, which included a set of recommendations, was launched.

The three-day conference included banking and economic figures represented by government and private banks in Arab countries, including the delegation of the Association of Iraqi Private Banks headed by the Executive Director Ali Tariq, as well as representatives of the Iraqi government banks, including Rafidain Bank and the Commercial Bank of Iraq.

The three days of the conference witnessed the opening of an exhibition for participating banks and the honoring of the Governor of the Banque du Liban, Riyad Salamah.

The conference discussed a number of important topics, including the challenges of economic reforms in Arab countries, the reasons for the failure of economic reform projects, the reconsideration of Arab financial policies and the importance of sound management of public debt in Arab countries.



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International Development Bank wins membership of the Union of Arab Banks Management Empty Arab Banking Conference: Challenges of Economic Reform

Post by claud39 on Sat Apr 27, 2019 6:49 am

[size=36][rtl]Arab Banking Conference: Challenges of Economic Reform[/rtl][/size]




Friday 26 April 2019





International Development Bank wins membership of the Union of Arab Banks Management Alsabaah-11178








Beirut / Jabbar Return Calligrapher

The Arab Banking Conference of 2019, entitled "Economic Reforms and Governance", was concluded at the invitation of the Union of Arab Banks for the period April 23-25.



The participants discussed a number of important topics under the title of "Economic Reforms and Governance" with the participation of banking and economic figures such as central banks, monetary authorities and banking leaders in the Arab world.
 

Outstanding attendance



The conference was attended by former Lebanese President Amin Gemayel, former Prime Minister Tammam Salam, and a group of Arab ministers, MPs and ambassadors, including Iraqi Ambassador to Lebanon Ali Al Amiri. 



The event was sponsored by Lebanese Prime Minister Saad al-Hariri, who welcomed the conference guests from representatives of central banks and Arab banks. He added: "We affirm the commitment of the Lebanese government to fighting corruption and waste and its determination to carry out the necessary reforms for the Lebanese citizen and public finance. 



On the importance of the banking sector for its vital role in the Lebanese economy. "Hariri congratulated the Governor of the Banque du Liban on the occasion of his election (governor of 2019).
 

Levels of development



In turn, the Chairman of the Union of Arab Banks, Mohamed Jarrah Al-Sabah, delivered a speech in which he thanked "Prime Minister Hariri for his sponsorship of the Economic Reform and Governance Conference and the opening of his work."



"The Arab region recorded the lowest level in the region 



Human development, and we have a great opportunity today to map out economic reform in the Arab world. "
"We are facing chronic risks in the economy. We suffer from chronic distortions due to years of lack of proper planning at various economic and financial levels. The absence of planning has led to the majority of Arab economies lacking in economic diversification," said Joseph Tarbi, president of the Association of Banks in Lebanon. , Some of which rely heavily on one sector, oil, and the domination of one sector, which led to the impact of the Arab economies on global economic cycles and the global economic and financial shocks, as revenues decreased as a result of these factors. This was followed by weak government revenues in general, budget deficits and some Arab countries being forced to borrow. "
 

Developments and variables



The Secretary-General of the Union of Arab Banks, Wissam Fattouh, stressed in his speech that "the Union today is present in all financial, banking and economic circles, both Arab and international, as one of the most influential Arab organizations, in keeping with our societies and following up on their affairs, and preserving their rights in all international forums. To raise the alarm against the repercussions of Arab developments and variables, especially with regard to economic repercussions 
And the importance of economic and political stability. "
 

Challenges of reforms



The conference discussed the challenges of economic reforms in the region and the experiences and experiences in this area, including the factors of the faltering of economic reform projects, the revision of fiscal and fiscal policies, the activation of governance mechanisms as a fundamental basis for reform, and the importance of sound management of public debt in the Arab Review the experiences of the Arab countries in this area, and evaluate the performance to contribute to the enrichment of banking.



The conference also included a specialized day held by the Union of Arab Banks in collaboration with the Institute of Finance and Governance. The participants discussed the role of public-private partnership in the development of Arab economies, financing reconstruction and sustainable development. The conference included an exhibition accompanying the conference.



Joseph Tarbey announced that the Union of Arab Banks has granted the Governor of the Banque du Liban Riad Salameh the "Governor of the year 2019" award in recognition of his efforts and achievements in the development of the banking industry at the Lebanese and Arab levels.









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International Development Bank wins membership of the Union of Arab Banks Management Empty Union of Arab Banks recommends addressing the annual deficit in the budgets of Arab countries

Post by claud39 on Mon Apr 29, 2019 12:21 pm

Union of Arab Banks recommends addressing the annual deficit in the budgets of Arab countries




 29/04/2019





International Development Bank wins membership of the Union of Arab Banks Management Rc_155651969124_23



The annual conference of the Union of Arab Banks recommended the adoption of partnership between the public and private sectors for the development of infrastructure in the Arab region. And address the annual deficit in the budgets of Arab countries through the rationalization of public expenditure and it is appropriate to adopt the method of allocating budgets to ministries and government departments based on the expectations of public administrations so that ministries act within the amounts allocated to them, and sought to search for long-term sources of external debt and low cost and reduce reliance on borrowing Which causes negative economic effects on the economies of Arab countries. 

Union Secretary General Wissam Hassan Fattouh announced the decision of the Board of Directors of the Federation to grant the Governor of the Banque du Liban Riad Salama the "Governor of 2019" award.
The conference called for finding clear and long-term strategies for public debt aimed at addressing all the repercussions of the increase in public indebtedness, including establishing clear scientific and practical bases for domestic and foreign borrowing in terms of size and countries that can be borrowed from them. An exception, and also include a clear roadmap for reducing public debt within a specified time period. 

He urged stimulating economic growth in Arab countries and increasing foreign direct investment. And financing the capital projects of the government through innovative financing methods that do not entail any debts to the government, such as construction methods - operating - leasing - conversion. And to unleash the potential of Arab youth to drive growth in Arab economies. He pointed out the need to develop institutional frameworks and public institutions and policies in the Arab transformation countries to keep pace with the reconstruction process.

The annual Arab Banking Conference was held during the period 23-25 ​​April in Beirut, Lebanon, under the patronage and presence of Prime Minister Saad Hariri and the attendance of the Governor of the Banque du Liban, Riyad Salama, under the title "Economic Reforms and Governance" in cooperation with the Banque du Liban and the Association of Banks in Lebanon (The Board of Directors and the General Assembly), with the participation of more than 400 economic, financial, banking, Lebanese and Arab and foreign personalities, including ministers of finance and economy, governors and central, and heads of banks and financial institutions.

On the sidelines of the conference, the elections of the Board of Directors of the Union of Arab Banks 2019-2022 were held in the Lebanese capital Beirut. Two of them were elected from Egypt. Egypt is the only country represented by two in the Board of Directors of the Federation. Mohammed Al-Atrabi was elected as Deputy Chairman of the Union of Arab Banks. , And Tarek Fayed as a member of the Board of Directors of the Union of Arab Banks representing the joint banks and the election of Sheikh Mohammed Jarrah Al-Sabah as President of the Union of Arab Banks.

The Union of Arab Banks was established on March 13, 1973, following a meeting of elite Arab banking and management leaders under the umbrella of the Arab Organization for Administrative Development to establish a regional Arab body / organization operating within the confederations of the League of Arab States. The Union works to strengthen Arab banking cooperation, develop Arab financial work and increase the role of Arab finance banks in the Arab region. It aims to strengthen ties and strengthen cooperation between Arab banks and highlight their Arab entity to achieve their common interests, develop banking and finance in Arab countries, and increase the effectiveness of the role played by Arab banks and financial institutions in advancing economic and social development.

The Federation is headquartered in Beirut, the capital of the Republic of Lebanon, with its foreign offices in several Arab countries, especially Egypt, Sudan and Jordan, and a network of strategic relations with major banking and financial institutions in other Arab countries. These countries. 
It has more than 320 institutions, including the leading Arab banking and financial institutions.






http://www.uabonline.org/en/news/arabicnews/15751578158115751583157516041605158915751585160115/63152/0
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