Arab Monetary Fund: Access to banking services for all citizens will contribute to economic development

[6ly410]

Launch of the 2019 Arab Banking Conference

 

A part of the 2019 Arab Banking Conference. "Economy News"

Banks 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.

Views 104   Date Added 23/04/2019 http://economy-news.net/content.php?id=16393

[gregp]

I truly thought Iraq would have increased her rate before the conference.  

🔜

Edited April 23, 2019 by gregp

[navira]

Gregp, it is the Saudi's agreement that the rate will have increased before the agreement activates. I believe the rate will show up before may 1...that is when the mechanism gets activated to increase the rate of the iqd.Hoping this is it though...n no more postponing it. Cheers

[Floridian]

13 minutes ago, navira said:

Gregp, it is the Saudi's agreement that the rate will have increased before the agreement activates. I believe the rate will show up before may 1...that is when the mechanism gets activated to increase the rate of the iqd.Hoping this is it though...n no more postponing it. Cheers

 

Where did you read "it is the Saudi's agreement that the rate will have increased before the agreement activates"?

I didn't see that written anyplace.  Do you have a link?

Thank you.

[6ly410]

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

 

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

Banks 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. Views 65   Date Added 04/23/2019 http://economy-news.net/content.php?id=16395

[ChuckFinley]

Would go a lot farther with a currency that has value. 

[gregp]

8 hours ago, navira said:

Gregp, it is the Saudi's agreement that the rate will have increased before the agreement activates. I believe the rate will show up before may 1...that is when the mechanism gets activated to increase the rate of the iqd.Hoping this is it though...n no more postponing it. Cheers

 

Thanks, Navira.

Music to my ears. 

[yota691]

10 hours ago, Floridian said:

Do you have a link?

 No...just guru gibberish..

[6ly410]

let’s go prosperity cheers 

[yota691]

Arab Banking Conference concluded in 2019

 

Banks 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 Views 1   Date Added 25/04/2019

[6ly410]

Arab Banking Conference concluded in 2019

 

Side of the conference. "Economy News"

Economy News 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.

Views 89   Date Added 04/25/2019 http://economy-news.net/content.php?id=16421

[yota691]

Arab Banking Conference: Challenges of Economic Reform

Friday 26 April 2019 25

 

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.

[yota691]

Arab Monetary Fund: Access to banking services for all citizens will contribute to economic development

 

Banks Economy News _ Baghdad The Arab Monetary Fund and the Board of Governors of Central Banks and Arab Monetary Institutions called on Sunday to support the access of all sectors of the society to financial and banking services, pointing out that the access of banking services to all citizens will contribute to economic development. "The issue of enhancing access and use of financial services in the Arab countries is of great interest to the Board of Governors of Central Banks and Arab Monetary Institutions," the IMF said in a statement received by Al-Iktissad News. "Recognizing the potential and substantial opportunities it can achieve by enhancing financial inclusion To support comprehensive and sustainable economic development and to meet the challenges of unemployment and social justice. "  He pointed out that "the Board of Governors of Central Banks and Arab Monetary Institutions in 2016 took the initiative in the light of the increasing need to intensify awareness of the importance of financial coverage and its contacts with all parties in the Arab countries and the adoption of April 27 of each year as an Arab day for financial inclusion, Financial support for sustainable development, "the  statement said. The Council supported the efforts of the international community to enhance financial inclusion and its commitment to achieving sustainable development, particularly the G20, which adopted the focus of financial inclusion as one of the main axes of the economic and financial development program. He added that "the Council is keen on the issues of financial inclusion in the Arab countries of the importance it deserves, where it launched several regional activities and initiatives to enhance financial inclusion in the Arab countries (FIARI) to enable and strengthen capabilities and possibilities to overcome the obstacles to improve the indicators of financial inclusion in countries Arabic". The Council appreciated the steps and measures taken by the Arab countries to promote financial inclusion and the need to integrate all segments of society and its sectors into the formal financial system, especially youth, women and entrepreneurs. Views 51   Date Added 04/28/2019

[6ly410]

Arab Monetary Fund: Access to banking services for all citizens will contribute to economic development

http://economy-news.net/content.php?id=16448

Economy News _ Baghdad The Arab Monetary Fund and the Board of Governors of Central Banks and Arab Monetary Institutions called on Sunday to support the access of all sectors of the society to financial and banking services, pointing out that the access of banking services to all citizens will contribute to economic development. "The issue of enhancing access and use of financial services in the Arab countries is of great interest to the Board of Governors of Central Banks and Arab Monetary Institutions," the IMF said in a statement received by Al-Iktissad News. "Recognizing the potential and substantial opportunities it can achieve by enhancing financial inclusion To support comprehensive and sustainable economic development and to meet the challenges of unemployment and social justice. " He pointed out that "the Board of Governors of Central Banks and Arab Monetary Institutions in 2016 initiated in light of the increasing need to intensify awareness of the importance of financial coverage and its contacts with all parties in the Arab countries, and the adoption of April 27 of each year as an Arab day for financial inclusion, Financial inclusion towards sustainable development ". The statement affirmed the Council's support for the efforts of the international community in enhancing financial coverage and its commitment to achieving sustainable development, particularly the G20, which adopted the axis of financial inclusion as one of the main axes of the economic and financial development program. He added that "the Council is keen on the issues of financial inclusion in the Arab countries of the importance it deserves, where it launched several regional activities and initiatives to enhance financial inclusion in the Arab countries (FIARI) to enable and strengthen capabilities and possibilities to overcome the obstacles to improve the indicators of financial inclusion in countries Arabic". The Council appreciated the steps and measures taken by the Arab countries to promote financial inclusion and the need to integrate all segments of society and its sectors into the formal financial system, especially youth, women and entrepreneurs.   Views Date Added Date 28/04/2019