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

Banks

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.


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

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


Part of the second day of the annual banking conference organized by the Union of Arab Banks
Banks

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.

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

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

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.


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

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






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.




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