| 14 Jan 2009 |
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Dr. Ahmed Geweili Reveals Emergency Finance Fund Plan of Arab Economic Summit
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Summit to Review Freedom of Movement for Arab Businessmen and Investors
Dubai, United Arab Emirates: Dr. Ahmed Geweili, Secretary-General of the Arab Economic Unity Council, confirmed that the Arab Economic Summit to be held next week in Kuwait will discuss the establishment of an emergency fund to support Arab financial institutions affected by the financial crisis. He also added that the fund will be used only in case of necessity.
During an interview with CNBC ArabiyaCNBC Arabiya
, Dr. Ahmed Geweili said that Arab finance ministers and central bank governors will meet before the summit to determine the fund's capital, its financing and the ways to use it.According to Dr. Ahmed, Arab private sector organizations will meet on 17 and 18 January to discuss Arab summit issues. They will present their conclusions from this meeting to Arab leaders.
He also revealed that, due to concerns for the freedom of movement of Arab businessmen and investors, the summit will consider the introduction of an Arab investor card. The proposed identification card would allow its holders to move freely between Arab countries which issue the card.
As the region's first and premier 24-hour live Arabic Business TV channel, CNBC ArabiyaCNBC Arabiya recently re-launched to include 12 new programmes. Along with a new programming schedule, the CNBC ArabiyaCNBC Arabiya re-launch reveals a brand new studio layout with more capacity for live links.
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CNBC ArabiyaCNBC Arabiya is the Arab world's first and only 24-hour Arabic language financial and business information channel, presenting in-depth and up-to-the-minute coverage of regional and international affairs from an Arab economic perspective.
The CNBC ArabiyaCNBC Arabiya service is available in the Middle East via Nile sat / Arab sat satellites.
Broadcasting from Dubai Media City, CNBC ArabiyaCNBC Arabiya has established bureaus in Abu Dhabi, Jeddah, Riyadh, Cairo, Kuwait, Bahrain, and Qatar. In addition, the channel has its correspondents reporting from London.
© Press Release 2009
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