Muscat - Amin Al-Husseini, CEO of Oman Arab Bank, participated in a panel discussion on the New Challenges Facing GCC Banks: Views from the C-Suite at the recently held two-day long 2017 IIF MENA Financial Summit.
Organized by the Institute of International Finance (IIF) and held at the Ritz Carlton Dubai International Financial Centre Hotel, the 2017 IIF MENA Financial Summit took place on February 13-14. The financial world event is attended by more than250 financial sector leaders and policymakers from across the MENA Region, including global market participants.
The Summit featured expert panels and keynote speakers addressing topics of central importance to the sector, while discussing challenges and opportunities for this important and dynamic region of the world. These were conducted in a series of nine sessions and four keynote addresses, with topics ranging from the outlook for the global economy and developments in the global oil market to current initiatives in the region promoting technology and innovation in the financial industry. Amin Al-Husseini participated as a member of the panel in session of new challenges facing GCC banks, held on the first day of the summit. The session illustrated on how financial institutions overcome challenges facing GCC banks in light of sharp fall in oil prices, tightening liquidity conditions and rising interest rate.
Commenting on his participation in the Summit, Amin Al-Husseini noted, I am privileged and humbled to sit on a panel representing the Oman Banking Sector. The IIF MENA Financial Summit provides a valuable opportunity for financial business leaders and experts from the MENA region to touch upon the various headwinds being faced by the Banking and Finance sector; facilitating the exchange of strategies and experience, together with possible solutions. As one of the oldest Banks in the sultanate, we can contribute knowledge and experience from Omans Banking and financial sector. As such, it was vital that we participated in and shared our experience at the Summit.
As part of his participation, Amin Al-Husseini, together with the remainder of the five-member panel, provided attendees with an outlook on the overall environment for Banks in the GCC in the next 12 to 24 months; including the key challenges they may face with regards to liquidity, regulatory (BIII), IFRS9, and more. The discussion panel also touched on other key areas of interest including Industry Consolidation, Compliance, Cyber Security, Digital Disruption, and Debt Capital Markets.
Our participation in an event of such importance to the region also provided us with an invaluable opportunity to network with key financial leaders and experts from across the MENA Region; sharing ideas and solutions that address specific client needs. In doing so we can adapt our own products and services to better serve the needs and requirements of our customers, concluded Amin.
Oman Arab Bank is one of the first banks to be established in Oman, with a rich and proud history dating back over three decades. Consistently expanding its reach, the Bank today operates a nationwide network of 65 branches and offices and over 135 ATMs spread across the Sultanate. It provides the complete range of financial products and services for personal banking, corporate, and investment clients.
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Press Release 2017
