logo
Restoring Financial Trust in Lebanon: AUB to Host Conference on Governance and Economic Recovery

Restoring Financial Trust in Lebanon: AUB to Host Conference on Governance and Economic Recovery

Web Release03-05-2025

By Editor_wr On May 3, 2025
In response to Lebanon's ongoing financial challenges, the American University of Beirut (AUB) will host a conference titled Restoring Financial Trust in Lebanon: Building Integrity for a Better Future on Wednesday, May 7, 2025, from 9:30 AM to 4:00 PM at the Suliman S. Olayan School of Business (OSB), Maamari Auditorium.
Organized by the Business Practice and Policy Initiative at OSB, in collaboration with the Good Governance and Citizenship Observatory at AUB, the event will bring together financial experts, policymakers, and academics from Lebanon and the region, including keynote speaker Dr. Tarek Mitri, Deputy Prime Minister, to explore systemic risks, emerging trends, and innovative solutions for restoring financial accountability and trust.
The conference will feature a series of keynote speeches and panel discussions focused on promoting good governance and charting a course toward economic recovery and sustainable development.
Comments are closed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Audit and Accountability in Focus at AUB Panel on the Chehab Era and the Path Forward
Audit and Accountability in Focus at AUB Panel on the Chehab Era and the Path Forward

Web Release

timea day ago

  • Web Release

Audit and Accountability in Focus at AUB Panel on the Chehab Era and the Path Forward

The American University of Beirut (AUB) hosted a timely and thought-provoking panel discussion titled Audit and Accountability – The Chehab Era and the Path Forward, organized by the Fouad Chehab Foundation (FCF), and the AUB Good Governance and Citizenship Observatory (GGCO) housed at the Asfari Institute for Civil Society and Citizenship. Held on AUB's campus, the event brought together leading legal and governance experts to examine the institutions established under former President Fouad Chehab—bodies tasked with supervising public administration and enforcing accountability—and to explore their relevance to Lebanon's current challenges in governance and state reform. The event was moderated by Attorney of Law Amine Bachir and featured three distinguished panelists: Judge Georges Attieh, president of the Central Inspection Board; Court of Accounts Judge Elie Maalouf, professor at La Sagesse University; and Judge Rana Akoum, head of the Enforcement Court in Metn. Dr. Simon Kachar, founding and current director of GGCO, welcomed the panelists and attendees, and spoke about the timeliness of the panel and the growing momentum in Lebanon for governance and institutional reform. He noted that the collaboration with the Fouad Chehab Foundation reflects a shared commitment to linking the lessons of the past with the reform efforts of today. In his recorded video message opening the event, AUB President Dr. Fadlo R. Khuri praised Chehab as 'one of the most important presidents Lebanon has known,' highlighting his commitment to the development of robust state institutions. 'We see today not only an opportunity to study the accomplishments, merits, and difficulties of the Chehab era,' Khuri stated, 'but also to apply what we learn from these studies to Lebanon's current reality.' He added that we must work toward building 'a state of institutions at a time when the Lebanese state is expressing its will and determination to reassert its authority across the country.' Khuri noted that the Chehab era was defined by the application of law and respect for institutions, a principle Lebanon has struggled to uphold since the onset of civil war, stating that enforcing the law and upholding institutional will are capabilities essential for restoring confidence in governance and rebuilding a viable state. President of the Fouad Chehab Foundation Adel Hamiyeh reflected on the enduring values behind the foundation's work. He noted that President Chehab built institutions that were not only administrative and financial, but also social, cultural, and developmental in nature. Hamiyeh said, 'We decided to organize a series of panel discussions on the Chehabist experience, addressing topics such as governance, and involving universities, with the aim of introducing the Chehabist message to the younger generation—especially during this period marked by the optimism that accompanied the election of President Joseph Aoun, his delivery of the oath of office, and the subsequent formation of a distinguished government known for its competence and its promising ministerial statement. This has given us hope that this new era may resemble that of President Fouad Chehab in terms of restoring the authority and institutions of the state and returning to a natural foreign policy.' The discussion unfolded in three parts: lessons learned from the Chehab era, the current state of institutional paralysis, and potential paths forward. The panelists discussed the rationale behind President Chehab's establishment of key institutions such as the Central Inspection, the Audit Bureau, and the Disciplinary Council. These bodies were conceived as independent mechanisms to promote transparency, discipline, and ethical governance across public administration. The discussion highlighted how these institutions once played a pivotal role in instilling accountability, protecting public resources, and professionalizing the civil service. The discussion also revisited the structural foundations that allowed these institutions to function with autonomy during the Chehab era, and considered the leadership decisions that helped insulate them from political interference. The conversation then moved to the contemporary state of these institutions, as the panel examined the range of factors that have contributed to their current dysfunction—including political encroachment, legal ambiguities, and insufficient staffing and funding. The panelists acknowledged that many of these bodies now face significant operational challenges, preventing them from fulfilling their original mandates. Despite this, there was recognition that these institutions still hold potential if revitalized with the appropriate structural and legal support. Looking ahead, panelists reflected on potential reform pathways. They explored ideas such as enacting legal safeguards to enhance institutional independence, leveraging digital tools to modernize audit and inspection functions, and fostering closer collaboration between oversight bodies, the judiciary, and civil society actors. The discussion emphasized the importance of reestablishing credibility through transparent practices and rebuilding public confidence in Lebanon's governance systems. Throughout the discussion, panelists revisited the core principles of the Chehab era—discipline, transparency, and institutional accountability—as potential foundations for Lebanon's future reform efforts. While acknowledging the serious structural and political challenges that remain, the conversation underscored the importance of rebuilding credible and independent institutions capable of advancing good governance and restoring public trust. The session concluded with an engaging Q&A, during which attendees posed questions and shared reflections, enriching the conversation around the future of institutional reform in Lebanon.

OSB at AUB, in Collaboration with MENA Financial Crime Compliance Group and Global Coalition to Fight Financial Crime, Launches New Online Certificate in Trade-Based Financial Crime
OSB at AUB, in Collaboration with MENA Financial Crime Compliance Group and Global Coalition to Fight Financial Crime, Launches New Online Certificate in Trade-Based Financial Crime

Web Release

time24-05-2025

  • Web Release

OSB at AUB, in Collaboration with MENA Financial Crime Compliance Group and Global Coalition to Fight Financial Crime, Launches New Online Certificate in Trade-Based Financial Crime

OSB at AUB, in Collaboration with MENA Financial Crime Compliance Group and Global Coalition to Fight Financial Crime, Launches New Online Certificate in Trade-Based Financial Crime The American University of Beirut's (AUB) Suliman S. Olayan School of Business (OSB) partnered with the MENA Financial Crime Compliance Group (MENA FCCG) and the Global Coalition to Fight Financial Crime (GCFFC) to launch an online certificate program in Combating Trade-Based Financial Crime (CTBFC); and announced the official release of the program's first certificate. The CTBFC program, now available through AUB Online, is designed to equip professionals with the essential knowledge and skills to excel in the fight against financial crime. This broad category includes illicit activities such as money laundering, fraud, tax evasion, corruption, and terrorist financing—each of which presents a serious threat to the stability and integrity of global financial systems. As financial markets become more interconnected and digitalized, the challenges of preventing, detecting, and prosecuting financial crime continue to evolve. Effective action against these crimes demands a comprehensive approach that integrates technology, regulation, cross-border cooperation, and education. The CTBFC program has attracted strong interest from financial professionals seeking to deepen their expertise in this rapidly evolving sector. Dr. Yusuf Sidani, dean of the Suliman S. Olayan School of Business said, 'The CTBFC program embodies our unwavering commitment to fostering transparent corporate cultures and healthy organization, free of financial crime, that positively impact society and serve as a force for good.' Hashem Taha from Arab Bank PLC was recognized as the top performer in this inaugural certificate cohort. Taha's dedication and academic excellence have set a high standard for the program, demonstrating both his hard work and the exceptional quality of the CTBFC certificate. His achievement highlights the program's success in preparing leaders for the financial sector. 'This course not only met but exceeded my expectations. Earning this certificate will help me achieve my professional goals. It has enhanced my decision-making skills and enabled me to apply best practices. As a result, I feel more confident in discussing and addressing complex trade-based financial crime matters,' Taha commented. The AUB Online platform offers flexible access to the CTBFC program, allowing busy professionals to pursue certificate while balancing their careers. This initiative is a testament to AUB's ongoing commitment to delivering world-class education that meets the evolving needs of today's workforce—combining academic rigor with practical, industry-relevant insights. 'The CTBFC certificate equips professionals with the skills to detect, prevent, and respond to trade- based financial crime, addressing the growing demand for experts in this field,' said Dr. Abdel Jalil Ghanem, CTBFC program academic director. 'Earning the CTBFC certificate enhances participants' professional profiles with specialized skills, helps them stand out in the compliance job market, opens new career opportunities, and connects them with a network of professionals dedicated to financial integrity.' With the third batch of certificates now available, the Suliman S. Olayan School of Business at AUB looks forward to welcoming more professionals into its Combating Trade-Based Financial Crime (CTBFC) program, further strengthening the bridge between academia and industry. The program offers more than just theoretical knowledge; it provides an immersive learning experience led by experts with over 20 years of real-world experience in the field. Participants will gain invaluable insights from industry leaders and acquire practical skills to address the ever-growing challenges of trade-based financial crime. Additionally, the program serves as a steppingstone toward becoming certified in trade-based financial crime.

AUB a pioneering model in education: Sheikh Nahyan
AUB a pioneering model in education: Sheikh Nahyan

Gulf Today

time22-05-2025

  • Gulf Today

AUB a pioneering model in education: Sheikh Nahyan

Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, attended the annual gala dinner hosted by the American University of Beirut (AUB) at the InterContinental Hotel in the capital, Abu Dhabi. The event was held in celebration of AUB alumni residing in the UAE and in recognition of the deep academic and cultural ties between the two brotherly nations. The dinner was attended by Dr Paul Morcos, Minister of Information of the Republic of Lebanon; Dr Raymond Sawaya, Vice President for Medical Affairs and Dean of Faculty of Medicine; Fouad Dandan, Ambassador of Lebanon to the UAE; and Engineer Khalil Joudeh, President of the AUB Alumni Club - Abu Dhabi Chapter, in addition to a distinguished group of alumni and friends of the university. In his opening speech, Sheikh Nahyan Bin Mubarak said, 'I greet you all and warmly welcome you to this renewed celebration here in the UAE of the American University of Beirut - a globally renowned institution that, nearly 160 years after its establishment, continues to stand strong and successful. Through its ongoing achievements, the university reflects the talent, determination, and global contributions of the Lebanese people.' He emphasised that the occasion reflects the deep fraternal ties between the UAE and the Republic of Lebanon, stressing that these relations are built on mutual respect, goodwill, and sincere brotherhood. He praised AUB as a pioneering model in education, scientific research, and healthcare, with an active role in engaging communities both locally and internationally. He noted the high calibre of AUB alumni in the UAE, stating, 'We observe, here in the UAE, the capability and excellence of AUB graduates, and we greatly value their contributions to our nation's development. Under the wise leadership of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, our country is firmly committed to maximising human potential, supporting innovation, and advancing research and development across all sectors.' He further affirmed the UAE's commitment to supporting the mission of universities in Arab societies by promoting values of sustainable development, coexistence, peace, and understanding - values that are also embodied in the UAE's current celebration of the 'Year of Community.' He described AUB as a beacon of excellence, producing highly regarded graduates and serving as a centre for innovation, knowledge, and community service. Following that, Dr Paul Morcos delivered a speech emphasising the cultural bonds between the two peoples and the university's enlightening role in the region. He expressed his gratitude for the invitation and stated that AUB is an institution its alumni take great pride in - one that has shaped leaders who have excelled in various fields and championed free speech and media freedom. He added that the United Arab Emirates has always been, and will continue to be, a sincere and effective partner in supporting Lebanon. He also noted that the Lebanese community in the UAE continues to enrich various sectors through its expertise and professionalism. He explained that the Ministry of Information is currently working on a new media law aimed at transforming the sector by enhancing freedom of expression within a framework of responsibility and professionalism. The ministry also seeks to revamp Tele Liban, strengthen public media, and combat fake news and disinformation in collaboration with local and international partners. He concluded his remarks by saying, 'It is our collective responsibility to continue investing in human potential and to strengthen partnerships that build fairer, more stable, and more prosperous societies. We must also foster media and cultural cooperation with our Arab brothers, foremost among them the United Arab Emirates.' The event reflected the mutual respect and appreciation between the Emirati and Lebanese peoples and highlighted the vital role that esteemed academic institutions like the American University of Beirut play in promoting cultural dialogue and societal advancement through education and knowledge. This gathering comes in the context of enhancing academic and cultural collaboration between the UAE and Lebanon, through strategic partnerships that foster knowledge exchange, innovation, and tolerance. WAM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store