He also added that the fund will be used only in case of necessity.
During an interview with CNBC Arabiya, Dr. Ahmed Geweili said that Arab finance ministers and central bank governors will meet before the summit to determine the fund's capital, its financing and the ways to use it.
According to Dr. Ahmed, Arab private sector organizations will meet on 17 and 18 January to discuss Arab summit issues. They will present their conclusions from this meeting to Arab leaders.
He also revealed that, due to concerns for the freedom of movement of Arab businessmen and investors, the summit will consider the introduction of an Arab investor card. The proposed identification card would allow its holders to move freely between Arab countries which issue the card.
As the region's first and premier 24-hour live Arabic Business TV channel, CNBC Arabiya recently re-launched to include 12 new programmes. Along with a new programming schedule, the CNBC Arabiya re-launch reveals a brand new studio layout with more capacity for live links.
Browse
related articles
Ahmed Geweili reveals emergency finance fund plan of Arab Economic Summit
- United Arab Emirates: Wednesday, January 14 - 2009 at 15:46
- PRESS RELEASE
Related content
Dr. Ahmed Geweili, Secretary-General of the Arab Economic Unity Council, confirmed that the Arab Economic Summit to be held next week in Kuwait will discuss the establishment of an emergency fund to support Arab financial institutions affected by the financial crisis.
Dr. Ahmed Geweili, Secretary-General of the Arab Economic Unity Council.
Article Options
Log in to request more information from CNBC Arabiya
Posted by Siba Sami AmmariWednesday, January 14 - 2009 at 15:46 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Notes and Media Contacts »
About CNBC Arabiya:
CNBC Arabiya is the Arab world's first and only 24-hour Arabic language financial and business information channel, presenting in-depth and up-to-the-minute coverage of regional and international affairs from an Arab economic perspective.
The CNBC Arabiya service is available in the Middle East via Nile sat / Arab sat satellites.
Broadcasting from Dubai Media City, CNBC Arabiya has established bureaus in Abu Dhabi, Jeddah, Riyadh, Cairo, Kuwait, Bahrain, and Qatar. In addition, the channel has its correspondents reporting from London.
Press contact:
Reem Muneef
Consultant
WMC FZ - LLC
P.O. Box 502281
Dubai, United Arab Emirates
Tel: +971 4 390 1950
Fax: +971 4 367 2800
CNBC Arabiya is the Arab world's first and only 24-hour Arabic language financial and business information channel, presenting in-depth and up-to-the-minute coverage of regional and international affairs from an Arab economic perspective.
The CNBC Arabiya service is available in the Middle East via Nile sat / Arab sat satellites.
Broadcasting from Dubai Media City, CNBC Arabiya has established bureaus in Abu Dhabi, Jeddah, Riyadh, Cairo, Kuwait, Bahrain, and Qatar. In addition, the channel has its correspondents reporting from London.
Press contact:
Reem Muneef
Consultant
WMC FZ - LLC
P.O. Box 502281
Dubai, United Arab Emirates
Tel: +971 4 390 1950
Fax: +971 4 367 2800
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
