Arab Today, arab today wief urges reforming global financial system
Last Updated : GMT 06:26:02
Arab Today, arab today
Arab Today, arab today

WIEF urges reforming global financial system

Arab Today, arab today

Arab Today, arab today WIEF urges reforming global financial system

London - KUNA

The 9th World Islamic Economic Forum (WIEF) called Friday for introducing essential reforms to the global financial system in order to overcome the economic challenges. The Forum, held here on October 28-31, under the theme of "Changing World, New Relationships," was the first such forum held outside the Muslim world. A statement issued by Tun Musa Hitam, Chairman of WIEF Foundation, following the gathering, highlighted the need of collective effort to address the global economic problems such as high unemployment, rising expectations, and slow growth. London hosting of the 9th WIEF is an attempt to build bridges of economic cooperation between the Muslim world and the West, according to the statement. "The Forum was historic in attracting 18 heads of state and government, 46 ministers, seven central bank governors and 2,700 delegates from 128 countries, " it said. "The Forum welcomed the statements made by the Leaders. It recognised in particular the Malaysian Prime Minister's emphasis on women empowerment and the British Prime Minister's announcement for Britain to become the first sovereign outside the Muslim world to issue a sukuk as well as his Government's commitment to open up new forms of student loans and business start-up loans specifically for British Muslims. "The Forum appreciated the call by HRH the Prince of Wales for more sustainable and ethical business practices and the protection of nature's capital resources. "The Forum also noted the Mayor of London's affirmation of London's positioning as the centre for Islamic finance in Europe. "Expert presentations and constructive discussions were held on key issues including policy framework for economic growth, doing business in a changing world, developing smart cities, harmonising global standards for Islamic finance, capitalizing on online markets and global connectivity, promoting transnational education, supporting greater women's presence in the corporate world and addressing global health challenges," it added. The British Business Pavilion organised by the UK Trade and Investment, and other programmes promoting investments in Bosnia and Herzegovina, Kosovo, Afghanistan and Pakistan provided valuable opportunities for business. The parallel programmes of Masterclasses, Roundtables, Special Programmes, Sponsor Programmes, MocaFest and the Business Networking Breakfast proved immensely popular and generated wide ranging dialogues on international business and economic collaboration. "The Forum acknowledged that the human economy matters as much as the financial economy and that the immediate imperative must be to restore trust and confidence with the emphasis on sustainable, balanced and inclusive growth, " said the statement. "This will require measures to; Reduce the economic gap by fostering greater cooperation across economies; Enhance mutual trust by expanding collaboration across cultures and nations; Expand the role of the private sector in economic development and as a partner for comprehensive human development; and Reform governance of the global financial system." The Forum endorsed the important role played by the WIEF in contributing to overcoming the above challenges by focusing on building bridges through business, and reaffirmed the WIEF's four Pillars in respect of; Increasing participation of Women in all sectors of the economy and society; Strengthening Youth capabilities in leadership, sustainable entrepreneurship and innovation; Supporting Education, skills development, capacity building and vocational training in the new global knowledge economy; and Promoting SME development as a driver of growth and employment. The Forum urged the WIEF to continue to align its programmes and activities in support of the above. The 10th Forum will be held on 24-27 November 2014 in Dubai, United Arab Emirates.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wief urges reforming global financial system Arab Today, arab today wief urges reforming global financial system

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wief urges reforming global financial system Arab Today, arab today wief urges reforming global financial system

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 05:54 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday