Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Banking expert calls for the integration of the Arab banking to promote competition

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 274501
    Join date : 2012-12-21

    Banking expert calls for the integration of the Arab banking to promote competition Empty Banking expert calls for the integration of the Arab banking to promote competition

    Post by Rocky Wed 06 Apr 2016, 12:49 pm

    Banking expert calls for the integration of the Arab banking to promote competition


    [You must be registered and logged in to see this image.]

    Amman , April 5 (Petra) - Expect a banking expert Marwan Awad to testify in 2016 exacerbated in the budgets of the Arab states deficit to reach $ 300 billion, and the high current account deficit to $ 140 billion, and foreign debt rises to more than $ 920 billion. He also predicted during chaired a session at the Arab banking integration conference in Beirut, which met in Beirut Finally, the decline of Arab international reserves by more than 10 percent. Awad said that while it is difficult to talk about the Arab economic integration, given the difficult and exceptional circumstances being experienced and faced many Arab countries, and brought about by the Arab spring events and wars in the region, the talk about integration or strategic Arab banking cooperation is a reality by the fact that Arab banks actions are governed by instructions and international rules and practices and uniform standards agreed. He added that Arab banks involved in being subject to censorship central banks converge and converge the regulations and instructions, and interfere in its investments and its relations correspondence, providing a solid platform for the integration or cooperation through a strategic or integrate acquisitions or other operations of partnerships. He called instead for the formation of a large Arab banking entities to be able to competition between the parties to this system, as well as about the need to restructure the Arab banking markets in order to ensure their suitability for shifts structural accelerated in the banking industry due to technological development. he said he can to mergers and acquisitions to contribute to the creation of big banking institutions capable of fulfilling comprehensive banking requirements, has growth potential, effectiveness and efficiency and enhance competitiveness and achieve financial stability of the banking market. He added that mergers and get banks to large volumes will make banks more able to finance joint Arab projects and become a need so great with the emergence of two variables affect the economies of Arab countries namely: Falling oil prices and heightened conflicts and deepening in the region. He stressed Awad the Arab banking integration One of the urgent requirements in light of the phenomenon of banking globalization and opening up the way for foreign banks to enter the Arab market, under the direction of encouraging mergers between global banking institutions that have become a new global economic order. - (Petra) P h / RB / m b 04/05/2016 - 16:03


    [You must be registered and logged in to see this link.]

      Current date/time is Thu 25 Jul 2024, 2:10 pm