Beirut hosts conference for union of Arab banks tomorrow

The head of the union of Arab banks, Mahmoud Abdul Aziz is heading on the coming Wednesday to Beirut to participate in a three-day conference tomorrow to liberate Arab banking services in light of international economic changes.

The conference is organized by the union and held under the auspices of Lebanese Prime Minister Rafiq Hariri.

Abdul Aziz said that the conference will focus on the possibility of establishing a united Arab bank with a capital of $500 million whose actual steps for establishment are ratified by the economic and social council affiliated to the Arab League to confront the liberation of international banking services by the start of 1999.