Arab News Headlines

Saudi Central Bank Governor Leads Delegation at Arab Financial Institutions Meeting

Cairo: Saudi Central Bank (SAMA) Governor Ayman bin Mohammed Al-Sayari led the Saudi delegation at the joint annual meetings of Arab financial institutions, which commenced today in Egypt’s New Administrative Capital.

The event is under the patronage of Egyptian President Abdel-Fattah El-Sisi and includes the participation of Arab ministers of finance and economy, governors of Arab central banks, heads of Arab financial institutions, and representatives from international financing organizations.

The opening session was attended by Egyptian Prime Minister Dr. Mostafa Madbouly and Deputy Saudi Ambassador to Egypt Abdulrahman bin Salem Al-Dahas.

“This year’s meetings take place against the backdrop of regional and international developments, especially the war in Gaza and its economic repercussions on all countries, including Arab nations,” Dr. Madbouly said in a speech on behalf of the Egyptian president.

He highlighted the importance of Arab financial institutions in supporting Arab countries to overc
ome current challenges and resume their development plans to meet the aspirations of their people.

During the session, it was announced that the Egyptian project for the Bahr El-Baqar Wastewater Treatment plant won the Abdlatif Al-Hamad Development prize, presented by the Arab Fund for Economic and Social Development (KFAED), for the best development project in the Arab world.

Source: Saudi Press Agency