The Board of Directors of the Egyptian Banks Association recently met to discuss a number of issues related to the banking sector. Participants at the gathering focused on the role of the banking sector in stimulating the market and assisting the national economy to achieve desired growth levels, reported Al-Ahram . Chaired by Mahmoud Omar, the board debated the money laundering issue and ways to eliminating this phenomenon. They also reviewed the integration of the national economy with the global economy, in addition to exploiting international agreements. Moreover, the board encouraged the banks to use the latest technological applications in executing banking and accounting transactions. — (menareport.com)
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