US e-money expert to address Arab Banking Conference

Published March 18th, 2002 - 02:00 GMT
Al Bawaba
Al Bawaba

A former economic advisor to President George Bush Senior is due in Dubai next month to address the Arab Banking and Technology Exhibition and Conference (ABTEC 2002). Dr. Richard W. Rahn, one of America’s leading experts on the development of electronic money, will address delegates on ‘Banking Transactions and Digital Gold.’ 


Rahn currently chairs Novecon Financial Limited as well as the independent, non-profit policy and research organization, The Prosperity Institute. The founding chairman of Novecon Technologies Corporation, which is now Sterling Semiconductor, Rahn, in the 1980s, served as Vice President and Chief Economist of the Chamber of Commerce of the USA, as Executive Vice President and board member of the National Chamber Foundation and was editor-in-chief of The Journal of Economic Growth.  


A past executive director of the American Council for Capital Formation and Washington economic consultant for the New York Mercantile Exchange, Rahn has taught at several US Universities and for the US Air Force.  


Rahn, who authored the book ‘The End of Money and The Struggle For Financial Privacy,’ will address delegates on April 22, the opening day of ABTEC, which is devoted to ‘Future Banking & Financial Services In The Arab World.’ ABTEC 2002, which takes place at the Jumeirah Beach Hotel, Dubai, United Arab Emirates (UAE), from April 22-24, has a strong US element this year being officially backed by the Arab Bankers Association of North America (ABANA).  


“Financial institutions in the US are now, more than ever, looking to better understand the Arab banking scene and build closer relations between the two. ABTEC will serve as a conduit to bring the two together to explore synergies,” said Doug Mellor, Olive Internet Group, which is organizing ABTEC 2002. Now in its second year, ABTEC 2002 is designed to be an interface between world leaders in banking technology, e-banking, data warehousing, analytics, e-security and fraud prevention. — (  

© 2002 Mena Report (

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