Tag Archives: Doha

No change in India’s negotiating position in Agriculture and NAMA – first priority to conclude Doha Round quickly: Anand Sharma

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Shri Anand Sharma, Union Minister of Commerce & Industry, while addressing the media persons in Geneva last evening, emphasised that there was no change in India’s negotiating position in Agriculture and NAMA. When asked for his views on the success of the Ministerial Conference, Shri Sharma informed that this was the first full Ministerial in the aftermath of the global economic meltdown and the Conference had provided Members with an opportunity to collectively discuss the world economic scenario, challenges faced by the multilateral trading system and to review the working of the WTO. “While the Conference was not intended as a negotiating forum, it had provided a useful opportunity for different groups and caucuses to assess the direction of the negotiations. India and its coalition partners were steadfast and united in their commitment to uphold the development dimension, the centrality of the multilateral process and the need to safeguard livelihood concerns, particularly of the poor, subsistence farmers in their countries”.

While addressing the Working Session of the Seventh Ministerial Conference of the WTO on “The WTO’s Contribution to Recovery, Growth and Development”, Shri Sharma stated that the first priority should be to conclude the Doha Round as quickly as possible. Banking the progress that has been achieved in reducing tariffs, cutting distorting subsidies, opening markets and removing non-trade barriers would go a long way to increasing world trade and welfare, he said and stressed the importance of inclusive global development to shore up demand. Referring to the collapse of trade finance from September 2008 onwards, Shri Sharma emphasized the importance of the WTO initiatives for aid for trade and trade financing and underlined the need to rebalance factor movements and flows of capital and investment and for liberalisation across other factor markets including greater mobility of labour. Appreciating the WTO’s role in monitoring protectionist trends, the Minister observed that for the WTO to contribute to recovery growth and development, it must be made a more effective institution.

Shri Sharma also addressed a Ministerial Session of the Negotiating Committee of the GSTP, which adopted the Draft Ministerial Decision on Modalities for the Third Round of Global System of Trade Preferences negotiations. “India attaches a great deal of importance to the GSTP process for optimizing South-South synergies and expanding trade among developing countries. GSTP has contributed to an expansion of trade and has also fostered special and differential treatment to the exports of the Least Developed Countries. India participated actively and exchanged tariff concessions with 14 countries in the First GSTP Round in 1989. India believes that timely implementation of the agreement would assist developing countries in coping with the debilitating effects of the global economic crisis”, the Minister said.

Shri Sharma also met his counterparts from Argentina, Malaysia and Australia, during which a range of issues including the Doha Round were discussed.

Anand Sharma meets coalition partners G-20 and G-33 in Geneva – discusses state of play of WTO Doha Round Negotiations

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Shri Anand Sharma, Union Minister of Commerce and Industry, addressed Ministerial meetings of the two major coalitions of developing countries in the WTO agriculture negotiations, namely, the G-20 and G-33, in Geneva yesterday. These meetings were convened by Brazil and Indonesia, the coordinators of the G-20 and G-33 respectively, to discuss the state of play of the WTO Doha Round negotiations. Coordinators of other developing country groups, including Least Developed Countries (LDCs) and Small and Vulnerable Economies (SVEs) also participated in the meeting convened by the G-20. In his remarks, Shri Sharma highlighted the centrality of development in the Doha Round, and stressed that while striving for a balanced and ambitious outcome, the aspirations of the people of the developing world must be met.

Shri Sharma observed that in order to take the Round to a successful conclusion in 2010, it was important to achieve convergence through text-based negotiations, with a view to narrowing differences on major outstanding issues. He expressed concern about the limited progress on substantive issues since the resumption of talks in September 2009. He said that it was imperative to first lay the foundation for a meaningful stocktaking exercise by Ministers early next year. Shri Sharma emphasized the need for continued solidarity of developing country groups at this defining moment of the Doha Round. He appreciated the pivotal role of the G-20, in driving the agenda of the agriculture negotiations at the WTO and called for maintaining the Group’s unity. He also appreciated the concerted efforts of the G-33 which had paid rich dividends in the negotiations on the critical Special and Differential treatment provisions of Special Products and the Special Safeguard Mechanism (SSM).

G-20 Ministers noted that international trade had been seriously impacted by the world economic crisis. The crisis had highlighted the risks associated with protectionism, including the substantial trade-distorting subsidies provided by developed countries. They noted that developing countries had borne the brunt of the crisis as they lacked the resources to fund stimulus packages or bail-out programmes.

G-33 Ministers collectively reiterated that the international trade regime must complement the realization of their development requirements by guaranteeing their food security, livelihood security and rural development. They sought a multilateral trading system which was supportive of the needs of all people, especially those who tended to be marginalized by globalization. They expressed concern at recent trends to retract commitments made in a long, hard-fought, negotiated package which was now on the table and called upon all Members for demonstrating strong political will for concluding the Round.

Shri Sharma is scheduled to address the plenary session of the WTO Ministerial Conference and a SAARC Ministerial meeting convened by Sri Lanka and a meeting of the Informal Group of 110 Developing Countries.

Financial crisis eroding development gains, African leaders warn at UN

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The current worldwide recession is jeopardizing strides made toward reaching development targets, African leaders told the General Assembly today, calling for imbalances in the global trade system to be rectified to ensure that developing nations can grow their economies.

In sub-Saharan Africa, the current financial and economic crisis “threaten to erode decades of modest growth and thereby make the Millennium Development Goals [MDGs] unattainable in any meaningful way,” Ghanaian President John Evans Atta Mills said at the Assembly’s annual high-level debate.

The MDGs are a set of socio-economic targets which world leaders have agreed to try to achieve by 2015.

Mr. Mills voiced support for “a global integration that ensures inclusive and equitable development and effectively contributes to substantial poverty alleviation, including full and productive employment as well as broad access to social services.”

International trade bears the promise of lifting millions out of poverty, he said, with the Doha trade round being committed in principle to boosting poor nations’ access to market.

“Unfortunately, the current global trading system discriminates against developing countries, hinders their participation in the global economy and damages the earning opportunities of farmer and rural communities.”

Also pointing out how trade imbalances saddle poorer nations was President Ernest Bai Koroma of Sierra Leone.

“Our economy continues to be vigorously challenged by the falling prices of our exports,” including diamonds and cash crops, on the international market, he said in his address to dozens of heads of States and government.

As a result, Sierra Leone cannot generate the foreign exchange reserves it needs to import the basic commodities it need to survive, Mr. Koroma emphasized.

The President of Malawi, Bingu Wa Mutharika, questioned why industrialized countries continue to marginalize Africa and hold the continent back from its potential as a true multilateral trade partner.

“Malawi is concerned that under the Doha arrangements, industrialized nations continue to protect their industries against processed and manufactured goods from Africa while insisting that the poor nations completely liberalize their economies,” he said.

Mr. Mutharika called on the Group of Eight (G8) industrialized nations to take part in a “genuine” dialogue to assist in setting up an international trading system that is both fair and can promote sustainable growth and development in Africa and in other developing countries.

The current financial crisis has been driven the by “selfishness and the desire of some to dominate others and to continue to be the prevalent vehicle in international relations,” President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea told the Assembly yesterday.

“At every step, the gap between developed and developing countries has widened, despite the numerous resolutions, decisions and recommendations adopted to promote equality in political, economic and socio-cultural rights,” he noted.

Ahmed Abdallah Sambi, President of Comoros, today added his voice to the chorus calling on the world’s richest countries to help developing nations face enormous challenges, including climate change and hunger.

Small island nations such as Comoros could be wiped off the map within years, he warned. “Thus true international mobilization, particularly on the part of the richest nations, is vital to confront all the challenges that our countries face.”

Deutsche Bahn exclusive partner in a billion euro project in Qatar

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DB CEO Grube: Overseas commitment also safeguards jobs inside Germany – Federal Transport Minister Ramsauer: German expertise and technology are in demand the world over
Berlin – Deutsche Bahn is to be the exclusive partner of Qatar Railways Company (RAIL) for the establishment of a rail-bound transport system in the Emirate of Qatar, one of the richest countries in the world. Dr. Rüdiger Grube, CEO and Chairman of the DB Management Board, signed the relevant agreement for the formation of the Qatar Railways Development Company (QRDC) in Doha, the Qatari capital, today, in the presence of the Qatari head of government Sheikh Al Thani and Federal Transport Minister Dr. Peter Ramsauer. DB International will have a stake of 49 per cent in the new company, the remaining 51 per cent will be held by Qatari Diar, a state-owned company. The new planning and management company will be responsible for setting up a railway organisation and will steer all planning and construction activities for the establishment of one of the most modern metro and railway systems in the world. The project envisages a metro system for the capital, as well as long-distance and freight lines. The investment volume will amount to roughly EUR 17 billion. The cooperation will also include the provision of vocational training in the rail sector for young Qataris.
We are proud and delighted that DB International has been chosen by the Qatari government as the partner for this ambitious infrastructure project. This once again proves that Deutsche Bahn expertise enjoys a great reputation throughout the world. Moreover, especially in the present difficult economic climate, such overseas projects also help to safeguard jobs inside Germany stated CEO Dr. Grube. Federal Transport Minister Dr. Ramsauer welcomed the project as an important symbol: The signing of this agreement shows that German expertise and German technology in the transport sector are in demand the world over
Participation in the planning company is also of strategic importance for DB, as investments running into hundreds of millions are planned for the establishment and upgrading of rail infrastructure in the Arabian peninsula over the next two decades. DB therefore believes that successful operations in Qatar would offer excellent prospects for securing further business in other Arab countries.
DB International has already been working on a concept for developing rail transport in the emirate on the Persian Gulf together with our partner company, Qatari Diar, since the autumn of 2008 said Martin Bay, Chairman of the DB International Management Board. The newly formed company will now implement that sophisticated concept. The metro system planned for the capital city of Doha will have four lines, 98 stations and an overall length of 300 km. The plans also include a 180-km long high-speed line to Bahrain, which is designed for a top speed of 350 km/h. A 100-km long line to Saudi Arabia will be suitable for trains running at speeds of up to 200 km/h. A total line network of 325 km is planned for freight traffic, most of which will also be used by passenger services.
QRDC is in charge of a budget volume of EUR 700 million. Pursuant to the agreement, DB International will supply two of the four managing directors, including the Chief Executive Officer (CEO) for the first four years. QRDC will be responsible for implementation of the entire projects within the scope of the resolved railway transport concept.
The Emirate of Qatar, which has a surface area roughly half the size of the Federal Land of Mecklenburg-Western Pomerania, owns the third-largest natural gas reserves in the world. In 2008, the country had a gross domestic product of USD 85,900 per capita, the highest in the world. Upgrading the Qatari rail transport system is part of the government’s comprehensive modernisation and diversification campaign which is aimed at reducing its dependency on gas. The campaign involves public and private investments of EUR 130 billion in education, health, industry and infrastructure up to the year 2015. Qatar has a population of approx. 1.2 million.

Source: WEBWIRE

Darfur: UN-African Union official highlights role of civil society in peace talks

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The top United Nations-African Union official for Darfur has highlighted the role of civil society groups in the search for a solution to the strife that has plagued the Sudanese region, encouraging their full participation in the peace talks that resumed in Doha today.

“The growing consensus that would emerge in the civil society consultations here in Doha will certainly have a positive impact on the next round of talks between the Government and the armed movements, and I am hopeful that this will reinvigorate the entire peace process,” said Henry Anyidoho, the acting Joint AU-UN Special Representative for Darfur.

Addressing the launch of the talks, organized under the auspices of AU-UN Joint Mediator Djibril Bassolé and facilitated by the Government of Qatar, Mr. Anyidoho congratulated the civil society representatives from Darfur and Khartoum gathered in Doha for their “resilience and determination” to see peace in their country.

“You have been persistently asking for this opportunity and you now have it. Please make full use of it and do not let it slip away,” he told the group, which included members of women’s and youth organizations.

An estimated 300,000 people have been killed in the region over the past six years and another 2.7 million people forced to leave their homes as a result of fighting that has raged across Darfur since 2003, pitting the rebel movements against Government forces and allied Janjaweed militiamen.

The joint AU-UN peacekeeping force in Darfur, known as UNAMID, has been deployed there since January 2008 to try to quell the fighting and protect civilians.

Mr. Anyidoho, who heads UNAMID, stated that the discussions underway in Doha will give increased momentum to the ongoing reconciliation processes between communities and tribes in Darfur, and advance the cause of peace.

“Only when all stakeholders, including the international community, speak with one voice on how best to resolve the conflict in Darfur, will the improvements that we can already see on the ground in Darfur become sustainable and encompassing.

“Let us redouble our efforts towards this one objective: peace and stability in Darfur.”

Hong Kong: EAG preparatory work going smoothly (with photos)

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Preparations for the East Asian Games (EAG) are progressing smoothly and satisfactorily. The Games are now entering their 26-day countdown.

The 2009 East Asian Games (Hong Kong) Limited and government departments involved in the EAG held a press briefing today (November 9) to give an update on the preparation work.

Speaking at the press briefing, the Permanent Secretary for Home Affairs, Mrs Carrie Yau, said that the Hong Kong Jockey Club International BMX Park which opened on October 31 had already been tested and used for holding international events, and had been warmly welcomed by all parties.All the EAG venues were now ready for the competitions, she said.

She added: Temporary overlay works and thematic design and decorations are being done at various competition venues.They are expected to be completed this month.

Other arrangements such as transport, security, medical and anti-doping, food safety, hospitality, accommodation and media arrangements have all been set.

Mrs Yau said the success of the Games depended on solidarity and co-operation from all stakeholders, stressing that without a good audience, no games in the world could claim to be a success. She appealed to the public to help disseminate information about the EAG to make the Games a success.

The Chief Executive Officer of 2009 East Asian Games (Hong Kong) Limited, Mr Johnny Woo, said at the press briefing that the number of athletes taking part in the EAG was about 2,300, including 53 Beijing Olympics medallists and 83 Doha Asian Games medallists.

He said the opening ceremony of the Games will take place on a floating stage on Victoria Harbour against the impressive Hong Kong skyline.It will be put together by the team that produced the opening ceremony of the Beijing Olympics.A boat parade by more than 40 vessels and a spectacular fireworks show will add colour to the ceremony.The closing ceremony will be held at the Hong Kong Coliseum where the EAG flag and flame will be handed over to the next EAG host city, Tianjin.

Regarding the preparatory work, Mr Woo said that the EAG organiser had laid down house rules for maintaining order at the venues so as to ensure that the competitions would be held in a safe and smooth manner.

On accommodation, 11 hotels and a recreation centre will provide accommodation, catering services and conference facilities/services to all participating VIPs, delegations, athletes and referees.

On catering, caterers have been appointed to provide catering services at the competition venues and the Media Centre for VIPs, athletes, team officials, referees, workers, volunteers and media. The Food and Environmental Hygiene Department has been working closely with the EAG Company by conducting visits and giving advice to the appointed caterers on menu design and implementation of appropriate food safety management systems to ensure food safety and the provision of quality food for EAG participants.

Mr Woo said that the EAG organiser was working with the Hospital Authority, Fire Services Department, Auxiliary Medical Services and St. John Ambulance Brigade to provide medical and emergency services including at the competition venues and other venues.

On ticket sales, more than 60% of the tickets have been sold. Of the 22 sports events, tickets for 10 have been sold out, including diving, swimming, bowling, cue sports, BMX, indoor cycling, dancesport, judo, taekwondo and wushu.Tickets for athletics and shooting were sold out last Wednesday and today respectively.There are limited tickets left for the opening ceremony and badminton events.People wishing to watch the games at the venues should grab the chance to get the tickets.

The Director of Leisure and Cultural Services, Mrs Betty Fung said that apart from promoting sports, the EAG also provided a good opportunity to promote the culture and arts of the EAG participating countries/regions. To enhance public interest and sense of participation, there will be a variety of cultural programmes to highlight the Cultural EAG, including dance performances, drumming, dramas and carnivals with the performers coming from various participating countries/regions of the Games.

Mrs Fung said that in order to foster cultural exchange and friendship with the countries/regions participating in the EAG, the EAG Company will hold a Cultural Night during the Games period.

A cultural extravaganza will also be held between midday and 10pm on December 9, 10 and 11 when Chinese Taipei Night, Korea Night and Japan Night are to be held respectively to showcase the culture, cuisine and handicraft of the three places. Members of public are welcome to join and admission is free.

The Chief Superintendent of the Police Public Relations Branch, Mr David Ng, said Police were well prepared for the security arrangements of the EAG.

The Force has drawn up comprehensive operational strategies, including security arrangements, crowd and traffic management and contingency plans.We have also provided training and exercises for frontline officers and maintained close liaison and collaboration with the EAG Company, relevant Government departments and stakeholders to ensure the safe and smooth running of the EAG, Mr Ng said.

We have also formulated effective resources allocation plans to ensure flexible deployment of officers to provide the overall support of the security arrangements for the EAG, while continuing to provide day to day police services to the public and a capability to professionally respond to any major incidents that may occur.The Force has confidence, capability, expertise and appropriate planning to ensure that the EAG can be held in a safe and smooth manner, he added.

Principal Transport Officer (Urban) of the Transport Department, Mr Albert Su, said the Transport Department (TD), the Police, the Leisure and Cultural Services Department (LCSD) and the EAG Company have visited all competition venues and hotels of the EAG and formulated traffic and transport plans to facilitate the holding of the Games.

Mr Su said that temporary traffic and transport arrangements, including road closures and adjustments in public transport services would be implemented on December 5, 6, 10, 12 and 13 to facilitate the smooth operation of the EAG.

The event organiser, the LCSD and TD consulted the relevant District Councils on their concerns and views on the traffic and transport plans to be implemented during the EAG.The Transport Department has also briefed the major public transport operators and the representatives of transport trades of the traffic and transport arrangements.The operators and trade representatives indicated their full support to facilitate the holding of the EAG.

In addition, the TD is now preparing information leaflets for distribution to passengers who will be affected by the road events and outlying islands ferry passengers who will be affected by the opening ceremony so that they may plan in advance for the day.

Contingency plans have been formulated to handle any possible incident at the venues. Moreover, the TD participated in the drills and exercises organised by the event organiser and other government departments.The department will closely monitor the traffic situation and enhance information dissemination during the EAG, Mr Su added.

Mr Su appealed to motorists and public transport passengers to watch out for the latest news of the EAG and detailed information to be announced later as well as to refer to TDs homepage and leaflets for information.

UN agencies launch campaign lifting the lid on the damaging impact of corruption

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A United Nations campaign kicked off today aimed at stopping the rot of corruption and exposing the corrosive effect it has on the economic and social well-being of people around the world.

Through a series of six posters and online information on a range of issues from vote rigging and embezzlement of funds to subverting the judicial system and obstructing access to education, the UN initiative raises awareness of how corruption blocks progress towards internationally agreed anti-poverty targets for poor countries, known as the Millennium Development Goals (MDGs).

The UN Office on Drugs and Crime (UNODC) and the UN Development Fund (UNDP) launched the campaign – “Your NO Counts” which calls on individuals to take a stand against corruption – ahead of next week’s gathering of countries signed up to a legally-binding anti-corruption treaty.

The week-long meeting of over two-thirds of the 192 UN Member States which have ratified the Convention against Corruption will be held in Doha, Qatar, to discuss the implementation of the treaty.

The Convention, overseen by UNODC, helps countries ensure judicial integrity, improve legislation and develop strategies to fight corruption effectively.

UN ‘s Asia-Pacific gathering wraps up with call for better trade deal for poorer States

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Exports from the world’s poorest countries should be granted duty- and quota-free access to markets, according to government officials, economists and academics attending a regional United Nations trade meeting as they warned against a turn towards protectionist policies.

More than 100 participants at the first session of the Committee on Trade and Investment of the Economic and Social Commission for Asia and the Pacific (ESCAP), which wrapped up today in Bangkok, said protectionism could undermine the multilateral trading system and delay recovery from the global economic crisis.

They called for the poorest States, classified as least developed countries (LDCs), to be granted better export rights, even without waiting for the completion of the so-called Doha round of negotiations on reducing international trade barriers.

ESCAP Executive Secretary Noeleen Heyzer told the gathering that they were enormous opportunities for growth in South-South trade and investment, but high tariffs and procedural obstacles were the biggest stumbling blocks to that goal.

Supachai Panitchpakdi, Secretary-General of the UN Conference on Trade and Development (UNCTAD), said the Asia-Pacific region must not let the recovery from the current economic crisis be a jobless one.

“This financial crisis has turned into a social crisis for some countries in the Asia-Pacific region, with job losses and deterioration in social well-being,” he said.

Axis Bank Organizes Home Loan Expos at major locations across the country

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Offers loans at attractive interest rates, no processing fee and on-the-spot processing

November 5, 2009 /India PRwire/ — Axis Bank is organizing the HOME FOR ALL Expo at major locations across the country. This follows the tremendous success of a similar Expo organized last year. These expositions will showcase a wide array of properties, across price points (Rs. 5 lacs to Rs 5 Crs) and category of properties (site, flats, row houses and villas).

The first of these expositions will be organized at Bengaluru from 6th to 8th November 2009, at the Koramangala Indoor Stadium. Over 45 of Bengaluru’s top developers will be participating in the expo which will showcase over 250 projects. With over 25,000 units on sale, this is the largest ever property expo of its kind organized in Bengaluru.

Coinciding with the Expo bank has extended the repayment period of the standard home loan to the maximum tenure of twenty five years. In another variant of the home loan product called the step down product, the customer will pay a higher EMI when the combined family income is higher and a lower EMI when the family income has reduced over a period of time. Moreover the customer can close the loan before its maturity with no prepayment penalty being charged by the Bank.

Similar expositions will be organized by the Bank at major locations across the country and this special offer on interest rates for home loans will be for a limited period till December 10, 2009 only. Home Loan takers can avail of Power Plus Home Loans at an interest rate of just 8% for the first year. From the second year onwards these loans will carry a floating rate of interest based on the Bank’s Mortgage Reference Rate. Based on the current MRR, the rate for the second year and thereafter would be 8.75% for loan amounts up to Rs.30 lakhs and 9.25% for loan amounts above Rs.30 Lakhs.

For prospective buyers signing up at the HOME FOR ALL Expos, the bank would provide on the spot approvals and wave the loan processing fees.

Mrs. Manju Srivatsa, President, Retail Banking, Axis Bank said, “The HOME FOR ALL Exposition provides a platform to bring the buyer and seller together and to offer prospective home buyers easy financing all under one roof. We are confident that the expositions will get a tremendous response for home buyers”.

Source: Press release distribution via India PRwire

Notes to Editor

About Axis Bank:

Axis Bank is the third largest private sector bank in India. We offer a vast spectrum of services encompassing Large and Mid-Corporate Banking, SME Banking, Agri-Business Banking, Retail Banking and International Banking. The Bank’s network in India spans more than 900 offices and over 3800 ATMs. The Bank has embarked on creating a footprint in Asia and today has a presence in the major financial cities of Singapore, Hong Kong, Dubai and Shanghai. In addition, the Bank has also entered into strategic tie-ups and alliances with partner banks in UAE, Doha, Muscat (to be launched) to reach out to the NRIs in these geographies.

The Bank has set up five wholly-owned subsidiaries, Axis Sales Limited, Axis Private Equity Limited, Axis Trustee Services Limited, Axis Asset Management Company Limited and Axis Mutual Fund Trustee Limited.

The Bank carries out its corporate social responsibility initiative through Axis Bank Foundation set up in 2006 as a registered public trust. Each year the Bank transfers 1% of its net profit for the previous year to the Foundation (the maximum, which the RBI permits).

For more information, please contact:

  • Tayyab
  • Consultant

Citi Qatar Introduces Interactive Derivatives Workshop

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Hedge strategy training appeals to Qatar’s treasury officers.
Doha, Qatar – Citi Qatar recently held a two-day derivatives workshop, which presented various hedging strategies in the face of financial risk scenarios that threaten today’s corporate world.
Led by Michal Kowalczuk, Head of Citi’s FX Options Structuring in CEEMEA, the seminar featured more than 20 of Qatar’s top-tier treasury, finance and investment officers from Qatar’s Public Sector, in addition to delegates representing telecom, auto, trade, infrastructure, oil & petrochemicals, and finance sectors, along with Citi officials.
Participants formed virtual companies, each determining best hedging strategy in the face of a specific financial risk. Each ‘company’ held a variety of foreign exchange, interest rate and commodities exposures, and opted for ‘positions’ fitting pre-determined risk appetite. A competition for best hedging strategy concluded the two day seminar.
Farhan Mahmood, CEO of Citi Qatar, said, Our aim here was to show finance professionals how to best use derivatives in a constructive and responsible manner and to dispel any myth that might have been formed around these key treasury tools.
The bank’s novel approach was well received by treasury, finance and investment officers of top local companies and financial institutions. Trainees learned about various hedging strategies and developed a more insightful understanding of today’s evolving financial risk in global capital markets. This and other focused training efforts are in line with Citi’s long-term strategy and commitment to developing local professional talent
Citi has been in the Arab World for nearly 50 years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries, including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.

Source: WEBWIRE