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The event will be held on September 21
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Cairo meet to tackle barriers to investment in Arab states
CAIRO - International economic and financial experts are to gather in Cairo this week to tackle barriers to investment in Arab countries, with one debate devoted to post-war Iraq, organizers said yesterday.
The Arab-Financial Forum, a conference staged by British-based Euromoney Institutional Investor PLC, will be held Tuesday and Wednesday to promote investment in the Arab world, forum director Richard Banks told a press conference.
He said the eighth such conference to be held in Egypt will highlight two new discussions -- one on the role of the news media in promoting investment and the other on post-war Iraq.
"The panel will look at whether Iraq's financial and economic institutions will be built along models imposed from outside or whether the Iraqi population will have any input to the process," a copy of the conference agenda said.
"Is privatization legitimate in the absence of a democratic government?" according to a question on the agenda. "Should foreign investors be allowed to run new Iraqi institutions?"
Banks said the conference is one of 25 held annually worldwide, though "it is difficult to quantify" how much investment such events generate because talks among investors and businessmen are usually kept confidential.
Other panels will discuss how banks and other financial institutions should be regulated, how to ensure the sector is internationally competitive as well how technology and communications can boost investment.
"What are the lessons that can be learned from the Indian experience?" is one of the questions listed on the agenda for the panel on technology and telecommunications.
Invited to speak to the conference are Egyptian Prime Minister Atef Ebeid as well as finance ministers and other government officials from Egypt, Sudan, Jordan, Qatar and Oman.
Executives from prominent Arab and other financial and investment houses as well as journalists from the British newspaper Financial Times have also been invited to chair panel discussions.
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