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Syria calls for Arab finance decision makers forum

Global Arab Network - - Mohamed Tamer

Tuesday, 22 December 2009 16:47

Union_of_Arab_Securities_Authorities_UASA_financial_market_uae

A gathering for Arab finance decision makers must be held annually for the sake of developing the Arab financial markets, Syrian Finance Minister Mohammad Al-Hussein said on Tuesday.

This came during his speech to the fourth annual meeting for Union of Arab Securities Authorities (UASA) which began here with the participation of 13 Arab states, including Kuwait.

Al-Hussein told the meeting that studies were conducted to find the better means to launch the annual finance decision maker forum, adding that the Arab Monetary Union should organize the event which would work on gathering Arab finance officials.

Head of UASA Abdulrahman Al-Towaijri said, on his part, that he hoped that the meeting would come out with decisions that would develop the Arab securities markets.

Though the global recession had effect the world's biggest economies, Arab nations should work on measures to bolster cooperation amongst them to protect and develop their economic development, stated Al-Towaijri.

Meanwhile, UASA's Secretary General Abdullah Al-Tarifi called on non-members Arab states to join UASA to reinforce cooperation amongst Arab securities organizations.

Head of the Syrian securities union Mohammad Al-Imadi focused on the meeting, saying that the agenda would discuss measures to enhance auditory procedures over operations the Arab markets and other issues concerning financial exchange.

On the other hand, Syrian Prime Minister Mohammad Naji Otri welcomed Arab investment in all developmental and service sectors in Syria.

During a meeting with heads of Arab financial and stock markets on Monday, Otri called for exchanging expertise and experiences on the level of qualification and training and encouraging investment to boost development in the Arab countries.

He welcomed Arab investment particularly in the fields of energy and electric power, urging for more cooperation and coordination with Arab financial markets.(KUNA, SANA)

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