Governor of the Central Bank of Iraq involved "acts of the Iraqi banking sector Forum" in Beirut

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  Governor of the Central Bank of Iraq involved "acts of the Iraqi banking sector Forum" in Beirut
  
  2016/11/24
   
  

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Arab Banking Conference held under the slogan (the Arab lobby international cooperation banker best)




Began in Venice Hotel in Beirut on Thursday morning of the session 21 Banking Conference Annual Arab current 2016 under the auspices of the Lebanese Prime Minister Saad Hariri and the presence and participation of political figures and the banking and financial Lebanese and Arab and foreign high including the former secretary general of the Arab League and the foreign minister, former Egyptian Amr Moussa, as well as Governor of the Central Bank of Iraq on the Keywords and head of the Iraqi private banks association Wadih Handal and the Governor of the Central Bank of Lebanon Riad Salameh

And looking over the two-day conference on a number of topics related to the Arab banking work in the forefront of the implications of political developments on the Arab and international banking business and find justifications Arabic banking conglomerate and the role of the Arab banking sector in financing the economy.

And it will be held on the sidelines of the conference, which is held under the slogan (the Arab lobby international cooperation banker best sessions) hearings panel honoring the banking figures concerts and the opening of a special exhibition Banking products
Conference began with a film documentary about the stages of Lebanon's independence

He gave heads the board of the Union of Arab Banks, the word at the start of the conference in which he called for the establishment of an Arab lobby banker in order to perform banker best, noting the political and security challenges witnessed by the Arab world and its impact on the Arab Banking economies in particular, as well as the effects of lower oil prices globally.
He noted the phenomenon of the flight of the Arab joint capital abroad for these reasons, stressing the need to allocate a part of the Arab joint capital abroad and employed in sustainable development projects in the Arab countries and the overall development

For his part, Head of Banks in Lebanon Association Joseph Tarabay occur statement reviewing the political and economic challenges facing the Arab banking sector, addressing the effects of the Arab Spring on the Arab economic situation in general, and which resulted in the loss of about 600 billion dollars and the deterioration of Arab economies and declining growth and increased unemployment, poverty and public debt.
He called for a review of the Arab economic plans and attracting Arab financial resources to cover the real Alaqsad and achieve sustainable development
He noted that the Arab banks face common challenges in light of security and political transitions in many Arab countries, referring to the challenges of the fight against money laundering, terrorism and tax evasion.


Meanwhile called on Lebanon's Central Bank Governor Riad Salameh to boost consumer confidence in banks reviewing the role of the Central Bank of Lebanon in supporting development overall sustainable through loans to small and Almtosthezwmcharaa renewable energy and artistic creativity, education, noting that the 98,000 point benefited from these loans which 37 projects productive noting the loans contributed more than 50 percent of overall economic growth in Lebanon, predicted that Lebanon is witnessing economic growth in the current 2016 about 2 percent.

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Content link
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Discuss building a solid banking system challenges


23/11/2016 0:00

BAGHDAD / morning
Organized in Beirut today Forum Iraqi banking sector, local presence and regional broad and deals with the banking business experiences in Iraq and the work of the central bank in both Iraq and Lebanon in the presence of Governor of the Central Bank of Iraq general secretary of the Union of Arab Banks and the head of the Iraqi private banks association and the collection of money experts and economists in Iraq and the balance of sharing different countries the world.

Executive Director of the Association of Iraqi private banks Ali Tariq said that the forum is an opportunity to connect with the regional and international environment, with the participation of experts on a high level of banking experience and their work experiences in various countries around the world, and this is beneficial to the Iraqi banking sector, especially as the public and private banks Central Bank of the participants in this placed.

This forum is organized on a regular basis in order to consolidate the bridges of cooperation with regional and international banks and stand at the latest developments in the global development banks.

The international financial expert d. Sadiq al-Shammari pointed out that the forum deals with the banking reality and the experience of the central bank in both Iraq and Lebanon and the reasons for the weakness of Iraqi confidence in banks and the experience of Lebanese banks in Iraq, as well as the evolution of the banking industry in Iraq and the Arab region and the alternatives. In turn, an economist Samir Nasiri said he focused during the forum to reconsider amending banking legislation in Iraq, which regulates the banking work for the advancement of reality banking and in particular the Central Bank Law No. (56) of 2004 and the Banking Law No. (94) for the year 2004 and the law of registration of companies No. 21 of 1997 and the law of Iraq Stock Exchange No. 74 of 2004, and the activation of money laundering and the law of the new investment law.

As we stand when addressing the technical gap and secure the legal and technical requirements for twinning widespread among government banks and private banks on the one hand and between the international banks on the other hand the aim of developing the payments system and banking modernization and regulation of the financial and monetary trading processes according to the latest applied modern electronic banking systems in the world.

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