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An agreement between the Arab countries and the US Banks Confederation covering many fields
Egypt, Economics, 9/24/1997
The Dean of the Arab Academy of Financial and banking Sciences
(AAFBS) Dr. Moustafa Hodeib declared after coming back from Washington that the Academy signed a technical and scientific agreement with the US Banks Confederation.
Dr. Hodeib mentioned that this agreement is a unique one in the history of the Confederation established 100 years ago, it includes 9,500 member banks. Dr. Hodeib stressed the strategic importance of the agreement which stems from the depth and diversity of fields that the agreement includes and because it also benefits many Arab countries.
The agreement, he added, aims to establish firm and long term relations between the two sides which resulted in giving the Academy extensive rights such as the right to represent the Confederation in specific fields. On the other hand, the Confederation acknowledges all the scientific achievements of the Academy regarding the translation process of the Confederationšs publications in such a way to make these publication suitable to the environment of the Arab countries.
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