Latest news with #ArabBankingConference2025
Daily Tribune
13-05-2025
- Business
- Daily Tribune
Alsharifi represents Bahraini Banking sector on Union of Arab Banks' board
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Biz Bahrain
13-05-2025
- Business
- Biz Bahrain
Alsharifi Represents Bahraini Banking Sector on the Board of Union of Arab Banks
The Union of Arab Banks (UAB) announced the selection of Yaser Alsharifi, Chairman of the Bahrain Association of Banks, as the representative of the Bahraini banking sector at the Union. Alsharifi received an official letter from Dr. Wissam H. Fattouh, Secretary-General of the Union of Arab Banks, congratulating him on his appointment as a member of the Union's Board of Directors in its eighteenth term. In the message, Dr. Fattouh welcomed Alsharifi as the representative of the Bahraini banking sector and commended his anticipated role in strengthening the Union's efforts to advance Arab cooperation and establish a solid foundation for the Union to fulfil its mission in supporting the development of Arab economies and societies. In a statement issued on the occasion, Alsharifi expressed his appreciation for the Union's confidence in appointing him to its Board of Directors and affirmed that this nomination reflects the prominent standing of the Kingdom of Bahrain's banking and financial sector and its significant contribution to advancing the Union's mission of achieving greater Arab banking integration. Alsharifi also underscored his commitment to sharing Bahrain's pioneering experiences in the banking industry, fostering the exchange of best practices, and collaborating with fellow board members to shape forward-looking banking policies that respond to global economic shifts and promote sustainable development across the Arab region. Alsharifi took part in the 120th ordinary meeting of the Board of Directors of the Union of Arab Banks, during which key leadership positions were elected as part of the Union's eighteenth term. This included the election of the Chairman and Vice-Chairman of the Board, the selection of Board members to serve on the Executive Committee, as well as the appointment of the Chair and Vice-Chair of that committee. The meeting also saw the election of members and the Chair of the Audit Committee, and the formation of the Investment Committee tasked with mobilising financial resources, including the election of its Chair and members. In addition, a memorandum of understanding was signed to establish the Islamic Banks Committee, and two members were nominated to join the Board of Trustees of the Arab Academy for Administrative, Financial and Banking Sciences. In a related context, Alsharifi also participated in the Arab Banking Conference 2025, held in Cairo under the patronage of His Excellency Mr. Hassan Abdalla, Governor of the Central Bank of Egypt. Convened under the theme 'Public-Private Partnerships for Financing the Economy,' the conference brought together an esteemed assembly of leaders, policymakers, and key stakeholders from across the Arab financial landscape. The conference featured a distinguished awards ceremony recognising the recipient of the 'Arab Investment and Banking Personality' accolade, followed by a series of high-level sessions. The first addressed 'The Role of Public-Private Partnerships in Financing Economic Growth,' while the second explored 'The Contribution of Islamic Banking to Financing the Economy and Sustainable Development.' The second day included a session on 'Innovative Financing Mechanisms for Public-Private Partnerships,' a panel on 'The Role of Multilateral Development Banks and International Financial Institutions in Financing PPP Projects,' and concluded with a session examining 'The Regulatory and Policy Framework for Enabling Effective Partnerships.'
Biz Bahrain
12-05-2025
- Business
- Biz Bahrain
Dr. Al-Ghazzawi Showcases Bahrain's Financial Inclusion Model at Arab Banking Conference
Dr. Khalid Al-Ghazzawi, Chief Executive Officer of Ebdaa Microfinance Company and a Board Member of Union of Arab Banks, took part in the Arab Banking Conference 2025, held under the theme 'Public-Private Partnerships for Financing the Economy. The conference, held in Cairo, Egypt, brought together an elite assembly of Arab and international banking leaders, senior policymakers, and prominent economic experts. Dr. Al-Ghazzawi underscored the critical significance of the conference's agenda, which explored current approaches to public-private collaboration across the Arab world and the role such partnerships play in advancing sustainable development objectives. The discussions also included a comprehensive review of the contributions of Islamic finance in economic development and sustainability, as well as innovative financial instruments designed to enhance partnership mechanisms. Key topics also encompassed the involvement of multilateral development banks and international financial institutions, alongside policy and regulatory frameworks aimed at enabling effective and impactful collaborations. Dr. Al-Ghazzawi drew particular attention to the conference's dedicated focus on financial inclusion—an area gaining increasing strategic importance in the region and spotlighted the Kingdom of Bahrain's pioneering efforts in this field, describing how Bahrain has embraced forward-thinking strategies to broaden access to financial services across all segments of society. These strategies include the deployment of diverse and inclusive financial products that align with the needs of different demographic groups, in addition to the integration of microfinance as a pivotal instrument to foster empowerment and economic participation. Highlighting Bahrain's success story, Dr. Al-Ghazzawi elaborated on the contribution of Ebdaa Microfinance Company, emphasizing the company's central role in advancing financial inclusion, and noted that Ebdaa Bahrain is firmly dedicated to offering sustainable and innovative financing solutions specifically tailored to underserved populations that face barriers in accessing conventional banking channels. Through these efforts, the company significantly contributes to Bahrain's broader objective of inclusive and comprehensive economic development.
Zawya
01-05-2025
- Business
- Zawya
Egypt targets 36% increase in PPP investments in current fiscal
Egypt is targeting 36 percent increase in public-private partnership (PPP) models in the current fiscal which ends on 30 June 2025, according to economic expert Dr. Nermeen Tahoun. Speaking at the Arab Banking Conference 2025 in Cairo on Wednesday, Tahoun, who is also the founding partner of Tahoun & Associates, said the government is launching six new PPP projects totalling more than 27 billion Egyptian pounds ($530 million) in value after managing to attract EGP19.8 billion ($389 million) in fiscal 2023-2024. She didn't elaborate on the sectors but said PPP projects during the previous fiscal covered sectors such as dry ports, electricity networks, vocational education, and strategic commodity storage. Tahoun cautioned that legal and institutional framework alone is not sufficient to ensure the success of PPP projects. Institutional arrangements in the form of a dedicated PPP unit with active participation by ministries and government agencies involved in finance, procurement and contracting is equally important. She said some Arab countries have successfully implemented PPP projects in diverse sectors including energy, transport, healthcare, and education. 'However, there are several challenges hindering the expansion of these partnerships and maximising their potential. These include legal and regulatory obstacles, weak institutional infrastructure, and conflicting incentives between the public and private sectors, which make it difficult to implement partnership models effectively,' she noted. (1 US Dollar = 50.81 Egyptian Pounds) (Writing by Eman Hamed; Editing by Anoop Menon) (
