Arab bankers Meet in Beirut to Bolster Cooperation
The Union of Arab Banks will start a three-day conference in Beirut Thursday to review ways to enhance economic and financial cooperation among the Arab countries, reported the Daily Star newspaper.
Hundreds of Lebanese and Arab bankers are expected to take part in the conference, which will feature about 45 prominent speakers, said the paper.
The conference will focus on the liberalization of Arab economies, strengthening Arab capital markets, and increasing investments in Arab countries.
In addition to Lebanon’s Central Bank Governor Riad Salameh and the Arab League Secretary General Issmat Abdul Majid, the conference will feature leading regional financial and banking figures such as Saleh Kamel, chairman of the Saudi Al Baraka Group, and Ahmed al-Sabah, Kuwait's minister of finance and telecommunications, the paper said.
According to the paper, some of the speakers are expected to underline the need to raise the capital of Arab banks and companies and increase the numbers of mergers to enable regional banks to face foreign competition – Albawaba.com
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