The IBFed has signed a memorandum of understanding with the Union Arab Banks (UAB), a regional Arab organization headquartered in Beirut, created under the umbrella of the Arab Organization for Administrative Development, establishing a regional Arab union that operates within the framework of the unions emanated from the League of Arab States. The Memorandum of Understanding aims to facilitate exchanging information about regulatory developments in various jurisdictions, discussion of views and best practices, advocating cooperation at global level and with international organizations, and conducting regular dialogue meetings between the IBFed and the UAB. The UAB’s Secretary General, Dr. Wissam H. Fattouh affirmed the Union’s keenness to establish a global platform with the… Read More
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