The National Commercial Bank (NCB) sponsors the Arab Economic Forum for its 11th annual run. It will begin in the Lebanese capital of Beirut on June 16-17 at the Phoenicia Intercontinental. It is organized by the Al-Iktissad Wal Aamal Group. The forum will be inaugurated by the Lebanese Prime Minister Najeeb Mekati in attendance of Arab financial and banking officials and international economic committee representatives. More than 1000 experts and specialists from 30 Arab and foreign countries representing upper and executive managements from banking corporations and financial and executive authorities in the Arab world and some from Industrial nations will participate in the forum.
Sheikh Abdulla Bahamdan, Chairman & Managing Director of NCB, who will lead the group of bank officials participating in the forum indicated that NCB’s chief sponsorship of the forum is due to many reasons, such as the upper managements understanding of the importance of such events which specialize in the support of economic growth in Arab nations and the role of banks and financial establishments in the development of financing products and investments that meet the growing needs of Arab investors and business sectors.
From his perspective, Mr. Abdulkareem Abu Alnasr, NCB Deputy General Manager, stated that the this years forum topics will focus on: required improvements to establish growth, revision of job prospects, how to benefit from free business trade to support the Arab economic competition, the necessities needed to establish Arab nations capabilities by attracting foreign investments and the challenges and risk which face Arab companies in the age of open market. He added that the forum will
also discuss the future of Arab banking industry and stock market and the horizons of the financial centers in the Gulf. He added that the banks participation in the forum provides a valuable opportunity to view various regional and international experiences in the economic field, and hence use that information towards supporting our national economy. It also provides a hospitable ground for bank officials to exchange experiences and points of view with many economist, experts and specialist participating in the forum.