Egypt’s central bank to host major Arab banking summit on Oct 1

Under the sponsorship of Egyptian President Abdel Fattah al-Sisi, the Central Bank of Egypt (CBE) is hosting the 48th Annual Meeting of the Council of Governors of Arab Central Banks and Monetary Authorities in Cairo on October 1.

A high-level workshop on strengthening the resilience and stability of the financial system in the digital age will precede the meeting on September 30.

The event will feature high-profile speakers, including Egyptian prime minister Moustafa Madbouly, CBE governor Hassan Abdalla, Governor of the Saudi Central Bank Ayman Al-Sayari, and Fahad Alturki – Director-General of the Arab Monetary Fund (AMF). Delegates from Arab central banks, financial institutions, and government agencies will attend.

Key topics on the agenda include:

  • Monetary policy in an uncertain environment
  • Private sector debt and financial stability
  • Central banks’ role in addressing climate change
  • Regulation of artificial intelligence in the financial sector
  • Technical committee outcomes and reports

The meeting aims to promote collaboration among Arab central banks, address pressing economic challenges, and advance regional financial stability.

Attribution: CBE

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