Arab Bank Summit:

[FrankenSLI]

* Arab Bank Summit: Italian banks provide 19 billion Euro for Middle East financing. CBI’s Shabibi in attendance

June 28th, 2011 08:12 am ·

Italia Simply Biz: Abi, 19 billion allocated for businesses in North Africa and Middle East

The banks and the Italian institutions and Arab met in Rome to ‘International Arab Banking Summit 2011 , organized by Abi and Union of Arab Banks , supported by the European Banking Federation , the World Bank and the Ministry of Foreign Affairs . The forum, this year dedicated to strengthening economic cooperation with countries of North Africa and Middle East (MENA), had as its theme The Future of the MENA region: the impact on the global economy.

Among the objectives, increase trade and investment opportunities and financing in a region populated by more than 300 million people, which is expected to grow by 3.6% in 2011 and 4.2% in 2012.

“Italy – said the vice president of ABI, Guido Rosa – is among the countries that are looking with greater interest to political and economic situation of North Africa and Middle East. Because of its geographical position and its historical experience, in fact , our country can be considered a natural port for trade with this area. “

The strategic importance of trade relations with this region is also demonstrated by the strong presence of Italian banks and lines of credit made available to businesses by the banking sector. According to data from ABI, the Italian banks have already provided a credit line worth 19 billion euros to finance exports and direct investment in the area. Of these, only 7.2 billion were used, while about two thirds are still available to support new business activities in the region. With regard to the direct presence on the territory, six major banking groups are present with fifteen representative offices, branch and seven Italian Desk. Italian banks have also made significant investments in seizing the opportunities offered by privatization of countries like Egypt and acquiring minority stakes in local intermediaries Moroccans, Tunisians, Turks and Egyptians. Five groups, finally, have signed collaboration agreements with major local counterparts to assist clients and handle remittances from immigrants.

The meeting was attended, among others, Secretary of State for Foreign Affairs, Stefania Craxi , President of ‘ UAB , Adnan Ahmed Yousif , the Governor of Central Bank of Qatar , Sheikh Abdullah Bin Saud Al-Thani , Minister of Finance of Jordan, Mohammad Abu Hammour , the governor of the Central Bank of Pakistan , Shahid Karda , the deputy governor of the Bank of Lebanon , Raed Charefeddine and Baasiri Mohammed , the governor of the Central Bank of Egypt , Farouk El Okda , and the Governor of the Bank Central Iraq , Sinan Shabibi El .

[nowhammies]

This article contradicts what another site stated regarding Shabibi's attendance.

I always suspected he was full of shiite.

[tamiflyer]

link please. thank you.

[FrankenSLI]

http://www.simplybiz.net/index.php?option=com_content&view=article&id=2752:abi-stanziati-19-miliardi-per-le-imprese-nel-nord-africa-e-medio-oriente&catid=43:authority&Itemid=65

Link

[Atheist]

yep very difficult to stop someone from leaving the country when they are already in rome.

[hiloeven]

This article contradicts what another site stated regarding Shabibi's attendance.

I always suspected he was full of shiite.

I agree with you. I believe AC is located closer to Bagdad, AZ than Baghdad, Iraq