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EXHIBITIONS, EVENTS ETC. - DUBAI 2003-WORLD BANK/IMF CONVENTION

UAE ready to host IMF technical support centre

Posted on 13/02/2004

A senior UAE official has said his country is prepared to play host to a regional technical support centre of the International Monetary Fund (IMF). 'The UAE is fully ready to secure all facilities and requirements necessary to host this centre given its strategic location at the east-west crossroads, political and economic stability and ultra-modern infrastructure,' said Mohammed Khalfan bin Khirbash, Minister of State fort Finance and Industry, after talks with Dr. Mohsen Khan, Director ...  >>MORE

Hamdan honours key contributors

Posted on 19/11/2003

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, yesterday honoured key contributors from various sectors for their role in the successful conduct of the recent World Bank and IMF summit. Following the ceremony, Sheikh Hamdan said he felt satisfied with the outcome of the gathering, paying tribute to efforts made by national cadres, "who proved before the world that they are capable of bearing such great responsibility in a way that reflects ...  >>MORE

Dubai 2003 hailed as best ever IMF meeting

Posted on 27/09/2003

A senior policeman has praised the achievements of volunteers who helped ensure the smooth running of Dubai 2003. Speaking during a press conference at the Dubai Police headquarters yesterday, Major Gen Dhahi Khalfan Tamim, Dubai Police Chief and head of the Security Committee of the conference, spoke of his pride at seeing people work hard towards a common goal. The police and the armed forces were said to have cooperated closely to make the event a success. Major Gen Dhahi made the comments ...  >>MORE

Sheikh Hamdan hails success of Dubai 2003 and the global development

Posted on 27/09/2003

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry, has hailed the Annual Meetings of the World Bank Group and the International Monetary Fund that closed in Dubai on September 24 as a 'resounding development success', saying that the 'Dubai 2003' event exceeded all expectations. He said that not only had the organization of the event been flawless but also that the role of the UAE in terms of driving the development debate had been "extremely ...  >>MORE

They also served

Posted on 27/09/2003

The International Monetary Fund and World Bank Meetings, Dubai 2003 concluded last Thursday with a statement from James D. Wolfensohn, President of the WB, showering the praise on the highly successful event which impressed him to the extent of thinking of hiring Dubai staff to organise the next meetings in Switzerland. Thousands of people were deployed to conduct the event in the best possible and most successful way. Among those were the 1,200-strong staff whose presence at the Dubai ...  >>MORE

Kudos for Dubai, UAE

Posted on 27/09/2003

The World Bank and IMF delegates, including the governors of the Annual Meetings, were unanimous in their praise for the world-class arrangements made by Dubai and UAE authorities to host the Meetings. Kaspar Villiger, Swiss Finance Minister and the Chairman of the Annual Meetings, was all praise for the organisers for their excellent planning. "I would like to thank the authorities of Dubai and the UAE for hosting our meetings this year. Whenever Switzerland would have to organise such an ...  >>MORE

WB-IMF meetings end on upbeat note, Dubai 2003 organisers praised for facilities

Posted on 25/09/2003

The Annual Meetings of the Boards of Governors of the World Bank and IMF ended in Dubai yesterday on a positive note with an upbeat outlook on the global economy and encouraging discussions that reflected a greater sense of balance and awareness between the developed and developing countries on trade and aid and dealing together in a spirit of multi-lateral cooperation. The heads of the World Bank and the IMF at the press conference to announce the concluding statement of the Dubai 2003 ...  >>MORE

Dubai plays the perfect host

Posted on 25/09/2003

Years of preparation and months of frantic activity ended last night as the curtain came down on Dubai 2003, but the lessons learned and benefits earned from the mega event will last well into the future. On a global level, the 16,000-plus delegates who arrived in the city will carry back with them news and impressions of Dubai, its achievements, facilities and the warmth of its peoples to all corners of the world. But perhaps more importantly, the world's largest financial meeting ...  >>MORE

Full praise for Dubai 2003

Posted on 25/09/2003

From the heads of the World Bank and International Monetary Fund to the Singaporean team planning the 2006 meetings, everyone was full of praise for Dubai and the Dubai 2003 staff. Kaspar Villiger, chairman of the Boards of Governors, expressed the appreciation of the Fund and Bank to the authorities in Dubai and the UAE for the hospitality extended to them. "Whenever Switzerland would have to organize such an event, we would ask the authorities of Dubai to send us their organization and ...  >>MORE

Demands of developing world find more takers

Posted on 25/09/2003

IMF Managing Director Horst Köhler, World Bank President James Wolfensohn and Kasper Villiger, the Swiss finance minister who was the chairman of this year's annual meetings, yesterday gave their public backing to the campaign for increased representation of the developing world in the Bretton Woods twins. "I do think that an consensus is possible for all of us, including an increase in basic voting rights for developing countries," Köhler said. Wolfensohn agreed. These statements will ...  >>MORE

No links with Israel before a Middle East peace deal: Mohammed bin Rashid

Posted on 25/09/2003

The UAE will not establish links with Israel before a Middle East peace deal, said Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Minister of Defence. "No, we should not open to Israel because the Palestinians are suffering,” said Sheikh Mohammed, in a statement reported by the AFP. "Until an agreement (on peace) is signed, we can do nothing about that,” he told reporters. Sheikh Mohammed reiterated that the Israeli delegation to the World Bank and IMF meetings came at the ...  >>MORE

International understanding of UAE financial sector increases: Al Suwaidi

Posted on 25/09/2003

The IMF/World Bank annual meeting in Dubai has given visiting international bankers, politicians, regulators and journalists a unique opportunity to appreciate the quality of the UAE financial sector, Sultan bin Nasser Al-Suwaidi, the UAE's Central Bank Governor said today. "Having seen this country at first hand and having met the senior officials of our financial institutions, they will now know that that the UAE has a professionally administered banking system. The senior executives of ...  >>MORE

More open global trade order helps poor world: Hamdan tells WB, IMF meet

Posted on 24/09/2003

The eagerly-awaited Annual Meetings of the Board of Governors of the World bank and the International Monetary Fund (IMF) kicked off sessions in Dubai yesterday for the first time in an Arab country, with a strong participation of the 184 member states. Addressing the opening ceremony, Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and UAE Minister of Finance and Industry, underscored the importance of reducing poverty in the world and lauded the World Bank's role in this respect. The ...  >>MORE

IMF chief praises organisation of Dubai 2003

Posted on 24/09/2003

General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister exchanged views yesterday with IMF Managing Director Horst Kohler on ways of how developing countries can benefit from UN annual financial reports. Kohler said that he was optimistic about the promising future of Dubai as a world financial centre. He also thanked Sheikh Mohammed for the excellent organisation of the WB-IMF annual meetings in Dubai and the warm hospitality accorded to delegates. He said ...  >>MORE

Give everyone a chance, Wolfensohn pleads

Posted on 24/09/2003

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry, and World Bank President James Wolfensohn called yesterday on the developed countries of the world sharply to increase their support to the planet's poorer nations to try to meet the Millennium Development Goal of reducing global poverty by half in 2015. In his most powerful speech since he became President of the Bank in 1995, Wolfensohn drew an unprecedented round of spontaneous applause ...  >>MORE

IMF, World Bank chiefs cite need for more financing for development

Posted on 24/09/2003

IMF Managing Director Horst Kohler yesterday called for broadening the focus from short term requirements to serious underlying problems that many economies in the world continue to face in order to achieve balanced recovery and a return to sound sustainable growth. In his address to inaugural session of the Annual Meeting of the Board of Governors of the IMF and the World Bank in Dubai yesterday, Kohler said that the meeting is being held at a time of rising optimism about the global economy, ...  >>MORE

WB, IMF meetings a source of world delight: Sheikh Mohammed

Posted on 24/09/2003

General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, has said that the convening of the joint meetings of the World Bank and IMF here is "a source of delight and joy" to all countries of the world. He noted that through holding such international conventions and gatherings either inside or outside the country at the directives of President H.H Sheikh Zayed bin Sultan Al Nahyan, the UAE strives to act as a link and a bridge between the East and West. ...  >>MORE

Growth rate in Arab region expected to rise: Kharbash

Posted on 24/09/2003

Growth rate in the Arab region is set to increase to 4.5 per cent in 2003, anticipates Dr. Mohammed Khalfan bin Kharbash, Minister of State for Finance and Economy. He said in an address, on behalf of the Arab Group, to the World Bank-IMF joint annual meetings here today that the economic performance of Arab countries exceeds expectations of many observers. He attributed this improvement to the structural reforms carried out in recent years, moderate overall policies and adaptation of policies ...  >>MORE

Anti-globalisation activist shows up at DICC

Posted on 24/09/2003

A female activist of the anti-globalisation organisation'50 years enough' raised yesterday a banner for five minutes in front of Dubai International Convention Centre where the WB-IMF are convening their annual meetings, a Dubai police spokesman said today. Lt. Colonel Ahmed bin Hazeem said the organisers had allocated some spaces for demonstrators to express their views during the meetings. (The Emirates News Agency, WAM) ...  >>MORE

World Bank-IMF meetings attract over 15,000 people

Posted on 24/09/2003

A total of 15,300 people streamed through the halls of the new Dubai International Convention Centre for the annual meetings of the World Bank and IMF, well in line with organisers' projections, according to Ibrahim Belselah, general co-ordinator of Dubai 2003 and the man who has been in the thick of things for the past two years to get the event up and running. Delegates from the Middle East and North Africa numbered 3,800, while the rest of the world came out with 11,500. The global media ...  >>MORE

Singapore studies Dubai lessons for 2006 meeting

Posted on 24/09/2003

Even before the dust of Dubai 2003 settles, the Singapore 2006 team is already busy reviewing plans for the next away meeting of the Boards of Governors of the International Monetary Fund and World Bank. For the last fortnight, a 45-member delegation from the Singapore 2006 Planning Team has studied the Dubai International Convention Centre and logistics arrangements around the city to see how best the Asian city-state can play host to the world's largest financial meet. Goh Chye Boon, ...  >>MORE

Developing nations seek more power

Posted on 23/09/2003

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Industry, will today inaugurate the World Bank and IMF annual meetings. Today and tomorrow will mark the main component of Dubai 2003, which has lived up to its billing of being the premier global finance summit the Middle East has seen. The many meetings between global leaders and their counterparts in the finance industry in these 48 hours will obviously feel the repercussions of the disastrous outcome of ...  >>MORE

Delegates express delight and appreciation at arrangements in Dubai

Posted on 23/09/2003

Delegates and participants attending the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund have expressed their delight not only at the arrangements of the Annual Meetings, but also at the facilities and infrastructure for daily life in this desert country. With representatives of finance and business from 184 member countries of the World Bank and IMF, the number of people here is huge and of the calibre that travel internationally ...  >>MORE

President holds dinner banquet for Dubai 2003 delegates

Posted on 23/09/2003

President H.H. Sheikh Zayed bin Sultan Al Nahyan yesterday hosted a dinner banquet at Dubai Grand Hyatt for delegations participating in the Dubai 2003 IMF-World Bank meetings. Present at the dinner were Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler, Minister of Finance and Industry and Chairman of the Higher Committee for Dubai 2003, General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Defence Minister, Lt. General Sheikh Mohammed bin Zayed Al Nahyan, Armed Forces ...  >>MORE

UAE rigorously implements anti-terror and anti-money laundering measures

Posted on 23/09/2003

The UAE Central Bank released for the first time yesterday, detailed information on the number of cases investigated and prosecuted following introduction and stringent enforcement of tough legislation to counter money laundering and terrorist financing. "Our laws meet everything demanded by the Financial Action task Force and we have been extremely thorough in the way we have enforced this legislation and cooperated with other countries," said Abdulrahim Mohammed\Al Awadi, assistant executive ...  >>MORE

Alabbar calls upon World Bank to establish fund for young Arab entrepreneurs

Posted on 23/09/2003

Mohammed Ali Alabbar, Director General, Department of Economic Development (DED), Government of Dubai, called upon the World Bank to establish a fund to support young Arab entrepreneurs from the grass roots level. "We are calling for a new, more inclusive, way of looking at the region, and the challenges its people face," said Alabbar at the closing seminar of the 2003 Program of Seminars, on the eve of the Annual Meetings of the World Bank Group and International Monetary Fund. Alabbar ...  >>MORE

UAE in dual taxation pacts with Austria, Philippines

Posted on 23/09/2003

The UAE and Switzerland, which signed an agreement for the promotion and reciprocal protection of investments in May 1999, are holding advanced discussions on an avoidance of double taxation treaty, said Swiss Minister of Finance Kasper Villiger. While addressing the Swiss Business Council here yesterday, the minister also said the UAE is Switzerland's second-ranking investment and trade partner in the Gulf after Saudi Arabia. Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and ...  >>MORE

Dubai economy extremely diverse and robust: Sheikh Mohammed

Posted on 22/09/2003

General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, has said that UAE's hosting of the joint World Bank-IMF annual meetings is a "qualitative leap" in the country's economic progress. He was addressing the opening session of the annual two-day conference of the International Institute of Finance (IIF) in the presence of Rajab Erdogan, Turkish Prime Minister. A large number of chief executive officers of most important international banks are attending the ...  >>MORE

Greenspan praises UAE's financial stability

Posted on 22/09/2003

Chairman of the US Federal Reserve Alan Greenspan yesterday hailed the co-operation offered by the UAE to the global campaign to fight money laundering and drying up of finance resources for terrorism. Greenspan told Sultan Al Suwaidi, Governor of UAE Central Bank at a meeting here of his admiration for the UAE free economy policy and the country's financial and economic stability. The US top central banker showed special interest in the Dubai International Financial Centre. Greenspan is here ...  >>MORE

Suwaidi calls for international co-operation against money laundering

Posted on 22/09/2003

Money laundering is a "world-wide problem" and "defeating these criminals requires a united approach from every element of the international community, the UAE's Central Bank Governor said yesterday. Western Governments and international organizations also needed to improve the flow of Western governments and international organizations also needed to improve the flow of information to smaller states and tougher action had to be taken to deal with drug dealers and takers in the West, the ...  >>MORE

UAE offers help to developing markets countries in fighting money laundering

Posted on 22/09/2003

The UAE Central Bank yesterday offered to help developing market countries set up the legal, regulatory and policing structures necessary to maintain the international fight against money laundering and terrorism financing. "We are ready to share our expertise with countries which have less experience in dealing with these matters than we have. Our legislation and regulatory procedures meet the highest international standards," said Abdulrahim Mohamed Al Awadi, assistant executive director and ...  >>MORE

Empowerment of women vital to achieve development goals

Posted on 22/09/2003

UAE women were the centre of international attention yesterday. The World Bank and International Monetary Fund focussed on their empowerment and the challenges they face in the country, region and around the world. Kim Campbell, former prime minister of Canada, struck a high note early in the day when she told national women from Dubai, Abu Dhabi and Sharjah that they were integral to the well-being of this country, the region and the world. "None of the millennium development goals can be ...  >>MORE

Hand sculpted dhows to be presented to participants

Posted on 22/09/2003

A total of 6,500 hand-sculpted aluminium dhows are to be presented to the delegates of Dubai 2003, in a collaboration between the Middle East based Jashanmal Group and Inkerman, the London based corporate gift company. The contemporary aluminium dhows were supplied to Dubai 2003 to reflect the heritage and importance of the event. (The Gulf Today) ...  >>MORE

UAE builds world class infrastructure: Kharbash

Posted on 21/09/2003

The UAE hosting of the Annual Meetings of the World Bank Group and the International Monetary Fund in Dubai from September 23-24 reflects the confidence of the international community in the progress of the country, according to a UAE minister. Speaking before a seminar on "Economic Policy, Investment Opportunities and Regulations in the UAE" Dr Mohammed Khalfan bin Kharbash, Minister of State for Finance and Industry, outlined how the UAE economy works, how the government works and how it does ...  >>MORE

UAE will remain in global focus, says Mohammed

Posted on 21/09/2003

General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence, received yesterday a number of officials who are representing their countries at Dubai 2003, the annual meetings of the World Bank and International Monetary Fund. Sheikh Mohammed confirmed to the officials he received that the UAE will remain the focus of the world at present and in future. He indicated to them the policy of openness of the UAE to the civilisations of the world, as per the ...  >>MORE

World-renowned Arab artists' works go on show to international visitors

Posted on 21/09/2003

Many well-known Arab artists are in Dubai for the 'Arabian Canvas', an art exhibition being held alongside Dubai 2003, which will remain open till September 25. The organisers feel this is an ideal time to show a new aspect of the Arab world to the visitors and delegates who will be here for the Annual Meetings of Boards of Governors of the World Bank Group and International Monetary Fund. International Arab artists, many of whom do not live in the region, are pleased to contribute in the ...  >>MORE

Delegates to Dubai 2003 feel secure and safe

Posted on 21/09/2003

Delegates attending Dubai 2003 conference have praised the way the event has been organised. Gulf News spoke to some of the delegates at the convention centre, and found that they feel safe and secure, and are full of admiration for security preparations. Princess Ebunoluwa Bosede Oladunni, a delegate from Nigeria, was very satisfied with the excellent hospitality she had received and said that everything about the event was 'superb'. "The city is very clean, and the people are very helpful ...  >>MORE

Single Gulf currency to boost financial markets

Posted on 21/09/2003

The move towards a single currency by the countries in the AGCC region is likely to boost growth in the region by contributing to the unification and development of the region's bond and equity markets and by improving the efficiency of financial services, according to a report from the National Bank of Dubai (NBD). The report comes at a time when the six AGCC countries have decided recently to move forward in economic integration by establishing a monetary union with single currency pegged to ...  >>MORE

Emirates keen to make Dubai 2003 a success

Posted on 21/09/2003

The Emirates Group, which has been closely associated with the staging of the Dubai 2003 Annual Meetings of the World Bank Group and the International Monetary Fund since the beginning, is keen on making the event one of the most successful meetings and the largest event of its kind ever to take place in Dubai. Commenting on the extensive preparations of the Emirates Group, Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation (DCA) and Chairman of the ...  >>MORE

WB/IMF meetings would reinforce UAE global standing: Mohammed bin Rashid

Posted on 20/09/2003

General Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Minister of Defence has said that the convening of the annual meetings of the World Bank Group and the International Monetary Fund in the UAE would not only reinforce the international standing of the country but also augment its role in the global financial institutions. The meetings have also provided an opportunity for the delegates to gain an accurate image about the region, he said. +Virtually half of the ...  >>MORE

WB chief hails preparations for Dubai 2003

Posted on 20/09/2003

World Bank President James Wolfensohn yesterday praised the organisation and arrangements made by the UAE for hosting the WB-IMF meetings as 'remarkable'. 'I think that these facilities are quite remarkable. I think the time in which they were done, the care and attention has been superb, and it augers well for a very good set of meetings that we very much look forward to being part of,' Wolfensohn said. This year, of course, he added, is a very special year for us because we're meeting for ...  >>MORE

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Quick List

UAE ready to host IMF technical support centre


Hamdan honours key contributors


Dubai 2003 hailed as best ever IMF meeting


Sheikh Hamdan hails success of Dubai 2003 and the global development


They also served


Kudos for Dubai, UAE


WB-IMF meetings end on upbeat note, Dubai 2003 organisers praised for facilities


Dubai plays the perfect host


Full praise for Dubai 2003


Demands of developing world find more takers


No links with Israel before a Middle East peace deal: Mohammed bin Rashid


International understanding of UAE financial sector increases: Al Suwaidi


More open global trade order helps poor world: Hamdan tells WB, IMF meet


IMF chief praises organisation of Dubai 2003


Give everyone a chance, Wolfensohn pleads


IMF, World Bank chiefs cite need for more financing for development


WB, IMF meetings a source of world delight: Sheikh Mohammed


Growth rate in Arab region expected to rise: Kharbash


Anti-globalisation activist shows up at DICC


World Bank-IMF meetings attract over 15,000 people


Singapore studies Dubai lessons for 2006 meeting


Developing nations seek more power


Delegates express delight and appreciation at arrangements in Dubai


President holds dinner banquet for Dubai 2003 delegates


UAE rigorously implements anti-terror and anti-money laundering measures


Alabbar calls upon World Bank to establish fund for young Arab entrepreneurs


UAE in dual taxation pacts with Austria, Philippines


Dubai economy extremely diverse and robust: Sheikh Mohammed


Greenspan praises UAE's financial stability


Suwaidi calls for international co-operation against money laundering


UAE offers help to developing markets countries in fighting money laundering


Empowerment of women vital to achieve development goals


Hand sculpted dhows to be presented to participants


UAE builds world class infrastructure: Kharbash


UAE will remain in global focus, says Mohammed


World-renowned Arab artists' works go on show to international visitors


Delegates to Dubai 2003 feel secure and safe


Single Gulf currency to boost financial markets


Emirates keen to make Dubai 2003 a success


WB/IMF meetings would reinforce UAE global standing: Mohammed bin Rashid


WB chief hails preparations for Dubai 2003