Thomson Reuters, a leading source of business intelligent information, the Union of Arab Securities Authorities (UASA), Securities & Commodities Authority and the Arab Monetary Fund, will host a capital markets summit in Dubai this month.

The first Arab Capital Markets Conference will take place under the patronage of the UAE Minister of Economy, Sultan bin Saeed Al Mansouri on November 25 and 26.

It will debate the need for co-operation and integration in Mena, tackle challenges facing the capital markets industry, and highlight innovation opportunities in Mena as well as the positive impact of new technology infrastructure on markets development.

The summit attracts more than 400 senior delegates from the regional trading and investment community.

Nadim Najjar, managing director, Mena, Thomson Reuters, said: “We are delighted to be part of this summit which provides a networking and discussion platform for authorities, practitioners, advisors and market participants. It is vital that we collectively debate and tackle the common challenges facing Mena capital markets.”

“The summit presents an opportunity for capital markets officials to coordinate and cooperate with a view to achieve fairness, efficiency, transparency and protect Mena capital markets investors,” he added.

Dr Abdulrahman A Al Hamidy, director general and chairman of the Board of the Arab Monetary Fund said: “The vital importance of developing Capital Markets in the Arab region, specifically since the onset of the recent international financial crises, which were accompanied by a decrease in capital flows and cross-border banking loans, as well as within the context of the latest changes in international standards and more particularly the Basel III framework and its new liquidity management set of rules.

“The Arab region is facing tremendous increase in financing needs, particularly those countries going through political changes. Developing these markets will benefit the region not only by expanding alternative sources of financing, but also contributing to enhancing financial stability.”

Jalil Tarif, secretary general of the UASA, said: “The importance of holding such conference stand out through the growing attention to the UASA and its member countries shown by local and international institutions, and conviction of its role in cooperation, coordination and exchange of experiences and knowledge among Arab Capital Markets.

“Organizing the first conference for Arab Capital Markets is the outcome of the efforts exerted by the UASA aimed at setting the broad lines for the trend and course of the UASA as one of the active Arab Institutions with regional and international dimensions.” – TradeArabia News Service