Seminar on System of payment and banking electronic processes [Archives:2004/743/Business & Economy]

June 3 2004

By Fahmia Al-Fotih
For the Yemen Times

Under the auspices of Mr. Ahmed Abdualrahman Al-Samwai, the Governor of Central Bank, the Union of Arab Banks along with the Yemeni Banks Association concluded on Wednesday 26 May the 3-day seminar entitled “The system of payment and the electronic banking processes” that took place in International Sana'a Hotel.
Dr. Fuad Shaker, the Secretary-General of the Union of Arab Banks, Mr. Ahmed Al-Khwai, Director of the Union of Arab Banks and the Head of the Yemeni Banks Association, and Mr. Abdualrahman Al-Samwai, the Governor of Central Bank attended and headed the seminar.
Mr. Abdualrahman Al-Samwai delivered a speech in which he welcomed all the Arab banks' representatives and said that the banking sector in Yemen has successfully and swiftly developed, enabling it to play a key role in the development and economic processes.
He added that Yemen has a stable and strong financial base.
He pointed out that Yemen has issued banking regulations such as laws on the commercial banks, the Central Bank and capital. Consequently, ireates trust between the Yemeni banks and their dealers and opens doors for investment. Yemen is being invited to foreign banks seminars and receives a lot of proposals form the foreign banks that want to enter the Yemeni markets.
A number of working papers were presented tackling various important dimensions in the Arab banking field.