Beirut to host Arab Investment and Capital Markets conference

Published May 9th, 2002 - 02:00 GMT

The Eighth Annual Arab Investment and Capital Markets Conference (ACM), a high-level economic and financial forum, is scheduled to take place at the Beirut Phoenicia Intercontinental Hotel, Lebanon, May 23-25, 2002. The event brings together Arab prime ministers, senior ministers, central bankers, bank leaders, investors and renowned experts.  


On average ACM mobilizes more than 700 participants from over 25 countries and 40 speakers that reflect the spectrum of business and policy making in the 250-million strong Arab region and worldwide. 


The three-day ACM 2002 will focus on the issues of direct investment flows, the future of economic reform, investment in the Arab markets—new opportunities and risks, oil and gas, infrastructure and tourism sectors, investing in a low interest rates environment—Islamic banks in the spotlight and them mounting pressures for banking consolidation. 


The ACM 2002 list of confirmed speakers includes: President of the Council of Ministers of Lebanon Rafic Hariri; Secretary General of the League of Arab States, Amro Mussa; Minister of Petroleum and Mineral Resources of Saudi Arabia Ali Bin Ibrahim Al-Noaimi; Minister of Finance and National Economy of Bahrain Abdullah Seif; Minister of State for Finance and Industry of the United Arab Emirates (UAE) Mohammed K. Bin Khirbash; Minister of Trade and Industry of Kuwait Salah Abdelreda Khorshid; Minister of Participation and Reform Coordination of Algeria Noureddine Boukrouh; Minister of Finance of Tunisia Tawfik Bakkar; Minister of State for Economic Affairs of Jordan Mohamad Al-Halaika and Governor of the Central Bank of Lebanon Riad Salamé. 


ACM 2002 will include several interactive sessions with participating prime ministers and ministers. A special ceremony to honor the lifetime achievements of several prominent business and government leaders will be held during the second day of the conference. 


ACM 2002 will be held under the patronage of the President of Council of Ministers of Lebanon Rafic Hariri. It is organized by Al-Iktissad Wal-Aamal Group and the Central Bank of Lebanon and supported by the International Finance Cooperation (IFC) of the World Bank and the Association of Banks in Lebanon. 


ACM 2002 is sponsored by the following institutions: Arab Banking Corporation, National Commercial Bank, Gulf International Bank, Government of Sharjah – Sharjah Commerce & Tourism Development Authority, Méditerranée Investors Group, Banque Audi, EFG-Hermes, Shuaa Capital, iHilal and Man Investments Products. — ( 

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