Arab Banking Conference 2024 Concludes

Doha: The Arab Banking Conference 2024 concluded in Doha today. Organized by the Union of Arab Banks, the two-day event convened a diverse group of senior financial and banking officials, alongside experts and representatives from prominent financial institutions across the globe. The conference sessions covered a range of crucial topics. The first session, titled "Sustainable Development Requirements and the Financing Gap in the Arab Region," provided an overview of the development challenges in the Arab world. It assessed needs and priorities, explored key trends in development financing in the Arab world, and examined the regulatory environment for sustainable development, government approaches to financing sustainable development and national development strategies. The session also discussed ways to enhance public-private partnerships to foster sustainable development projects. The second session focused on the role of the banking sector in financing sustainable development and investment opportunities in the healthcare sector. It emphasized the role of Islamic finance, sukuk, green bonds, social bonds, and sustainability-linked loans in achieving desired goals. The second day of the conference featured a session on the latest advancements in financial technology for sustainable finance. Ahmed Abdulsalam Al Emadi, Head of Policies and Reporting ESG Department at the Qatar Central Bank, highlighted the pioneering initiatives introduced by the Qatar Central Bank in developing financial technology in Qatar. These initiatives align with the countrys Third Financial Sector Strategy and the Fintech Strategy, marking a significant transformation in the services offered by Qatari banks and financial institutions. They also fostered innovation and increased access to various segments of society, in line with Qatar National Vision 2030. The session also explored ways to harness financial technology for sustainable financing, digital inclusion, access to information for all, and financial technology solutions for su stainable financing. It also addressed the availability of financing for small and medium-sized enterprises (SMEs) and entrepreneurs. The fourth session focused on climate financing and environmental sustainability, tackling challenges related to climate change and environmental degradation, the importance of mobilizing resources for renewable energy and sustainable infrastructure, and promoting green finance initiatives in the Arab region. It also discussed integrating environmental and social (ESG) elements in investment decisions and legislation, as well as the role of Islamic banking as a tool for environmental sustainability. The conference sessions were marked by dynamic and insightful discussions, with speakers and participants exchanging valuable strategies for achieving success and growth amidst escalating regional and global challenges. They also shared best practices for navigating rapid changes in the financial markets and achieving long-term sustainability for future generations. Source: Qatar News Agency