Hegazi Attends Arab Finance Ministers Meeting

Finance Minister Al-Morsi Hegazi will join the fourth Arab finance ministers meeting and attend the 36th Arab Monetary Fund session on 2/4/2013 in Dubai. Hegazi said the meetings come amid critical economic conditions in the Euro zone and the international economy, which will surely have dire effects on Arab economies, considering the EU the most important trade partner in the region. "The meetings will discuss a host of important files, including the UAE initiative to back Arab states economies, inter-Arab trade, world food prices which are expected to stabilize and the Arab efforts to enhance business climate," Hegazi added. Discussions will also handle coordination between the Arab countries regarding the global economic and financial developments, prior to holding the annual meetings of the International Monetary Fund and the World Bank in Washington during the second half of April.