Committee for Planning Central Bank of Libya OPPORTUNITIES ...€¦ · PHONE (+971 4) 336 9992...

Under the Patronage of National Planning Council Libya

In Cooperation withLibyan Economic Development Board

An essential networking conference that will promote and clarify the major issues required to further elevate one of Libya’s most important economic sectors!

H.E. Farhat Omar Bengdara Governor

Central Bank of Libya

Keynote Address

The Corinthia Bab Africa Hotel, Tripoli, LibyaThe Corinthia Bab Africa Hotel, Tripoli, Libya18th – 19th June 200718th – 19th June 2007

1st International Conference

OPPORTUNITIES & CHALLENGESOPPORTUNITIES & CHALLENGESOPPORTUNITIES & CHALLENGES

P l e a s e v i s i t u s a t w w w . i b c g u l f c o n f e r e n c e s . c o m

Organised by:

Supporting Organisations

Supporting MediaOfficial on-line Media Partner

General People’s Committee for Finance


Trade & DevelopmentBank - Libya

Libyan Foreign Bank

Libya Tax Authority

National Banking Corporation - Libya

Umma Bank - Libya

Libyan Financial Stock Market

Amman Bank

United Insurance Company

Al Jamhuria Bank- Libya

Sahara Bank - Libya

Libyan Broadcasting Board

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General People’s Committee for Planning

International FinancialServices London

Gold Sponsor

Bronze Sponsor

Banking for Development

Refreshment Break Sponsor

Delegate BagSponsor

U p d a t e dP r o g r a m m e

� PHONE (+971 4) 336 9992 FAX (+971 4) 336 0116 E-MAIL [email protected] ON-LINE www.ibcgulfconferences.com� PHONE (+971 4) 336 9992 FAX (+971 4) 336 0116 E-MAIL [email protected] ON-LINE www.ibcgulfconferences.com

If you wish to meet with any of theMinister’s or Senior GovernmentalOfficials listed in this programme, todiscuss commercial opportunities in

more detail. Please contact Mr. Mohamed Alhuarion e-mail: [email protected]: +00 218 92 500 9786

Dear Executive,

It is our great pleasure to announce that the ‘1st Libyan international conference on Banking& Finance in Libya – Opportunities and Challenges’ will be organised under the patronageand support of the National Planning Council and in cooperation with the EconomicDevelopment National Board, on 18th – 19th June 2007 at the Corinthia Bab Africa Hotel,Tripoli, Libya.

With senior delegates expected to attend both from the MENA region and internationally,the banking and finance community will be well represented as the important vehicle forpromotion of Libya Government’s plans for further reform and liberalise the economy.

Given the important contribution that Libya stand’s to make in the coming years towardsthe global economy, conferences of this kind make an important step towards providingexecutives with the appropriate information needed to allow foreign banks to establishoperations in this country.

We are confident that this important conference, will provide the necessary platform fromwhich to promote to the international banking & finance community the vast opportunitiesthat are currently available to the private sector here in Libya.

We here at the National Planning Council and the Economic Development National Board,will be represented through our delegation at the conference and I am looking forward toboth participating in the discussions as well as meeting with international bankers, financialmanagers and investors over the course of the days.

NATIONAL PLANNING COUNCIL FOR LIBYA

W H O S H O U L D A T T E N D ?• Company Presidents & CEOs • Chief Executive Officers • Chief Financial Officers • Chief Investment Officers • Chief Compliance Officers • Chief Risk Officers • Directors of Investment Cos.• Managing Partners • Directors, Equity Strategy

• Directors, AlternativeInvestments

• V.Ps Business Development • Consultants • Regional Directors • Project Developers • Insurers • General Managers • Emerging Market Analysts

What is EDB?The Libyan Economic Development Board (EDB) is a special purpose action-orientatedagency set up by the government and given the required powers to design and implementthe country’s most important economic reform initiatives. It is sponsored and fullysupported by the top-leadership of the country, has a strong and capable team, and hassignificant powers and a substantial budget to execute its mandate.

What will the LEDB do?The LEDB will design and execute campaigns that address Libya’s core reform priorities, byreducing red tape and facilitating rapid decision-making and action on critical economicissues. This will improve productivity in the public and the private sectors, help diversify theeconomy, create employment and provide new economic opportunities for Libyans. Inmany instances, the LEDB will lead the design of campaigns, then work with relevantMinistries in the early stage of implementation, and then transition the campaigns fully tothe Ministries as they develop the capacity to manage these on their own.

Specifically, the mandate of the Libyan EDB will be three-fold:

• Lead priority initiatives, promoting new business formation, human development,wealth distribution, international partnerships and cluster development

• Advise other public entities in implementing their agendas and programmes; and • Follow-up on the overall national reform programme as laid out for the country

MARKETING OPPORTUNITIES

Increase your competitive advantage during

‘Banking & Finance in Libya’ to reach out and

network with industry leaders, key decision makers

in government bodies and international

organizations.

Also utilize this opportunity for branding and

showcasing your products & services to the high

profile delegates.

Choice of Marketing Opportunities Available� Commercial Sponsorships� Speaker Opportunities� Sponsorship of Periphery Events� Conference Material Sponsorship� Advertising� Exhibiting space

Key Marketing Benefits� Innovative & Unique Branding Opportunities� Accreditation and Logos On Conference material� Accreditation On Press Releases� Logos On Advertisements In Industry Magazines� Complimentary Delegate Passes

For further details please contact:

Arshed Hussain

Exhibition & Sponsorship Manager

Tel: +971 4 336 9992 Fax: +971 4 336 0116

Email: [email protected]

Debating market issues Negotiating new business After hours networking

LIBYAN ECONOMIC DEVELOPMENT BOARD (EDB)

CO N F E R E N C E OV E R V I E W Since the normalization of relations betweenLibya and the international community, theLibyan government has been on a course ofeconomic reform and liberalization since themiddle of 2004. In order to bolster thisprogramme, the Libyan government has beenpaying greater attention to the banking andfinancial services sector and in-turn is placinga high priority on a reform programme toimprove the country’s economic welfarethrough the development of private sectorenterprise, aimed at increasing the flow ofinvestment into the economy.

In the context of reform policies, The WorldBank recommended to invest a massiveamount of money within three years, in thedevelopment of IT Infrastructure, a nationalclearing-house system, ATM’s and stafftraining. An improvement in transparency hasbeen also sorted by the Libyan governmentthrough the establishment of a national bankreporting system.

In addition, the recent sale of the Central Bankof Libya’s share in both Sahara and WahdaBanks to local investors have set in motionprivatization procedures in Libya. Moreover,the Central Bank of Libya is also planning toset the market conditions and legalrequirements for foreign banks to participatein the Libyan market.

The restructuring of the banking and financialsectors, are aimed at creating a new image tothe commercial, legal and financialenvironment, through the facilitation of a newframework for regional and internationalinvestors in Libya.

This high level and unique conference, willgive executives from the regional andinternational banking and finance sector, acomplex insight and rare opportunity tonetwork with some of Libya’s most influentialgovernmental officials. A comprehensiveprogramme will analyse the significance andimpact of the banking reform programme, itwill also assess how and when the proposedchanges will take place and whatopportunities lie ahead.

� PHONE (+971 4) 336 9992 FAX (+971 4) 336 0116 E-MAIL [email protected] ON-LINE www.ibcgulfconferences.com

M A I N C O N F E R E N C E P R O G R A M M E

Invited*

� Support the role of the banking andfinancial services sector to facilitate itsrole in serving the Libyan economy

� Create a positive and open platformfrom which to debate the salient issuesimpacting the development andpromotion of the banking andfinancial services sector in Libya

� Encourage and promote co-operationbetween the Libyan banking sectorand international banking andfinancial organisations andinstitutions

� Introduce new strategies that furtheradvance banking techniques andpractices in Libya

CONFERENCE OBJECTIVES

19.30 17th June 2007Pre-Conferece Networking Reception Hosted By:

DAY ONE 18th June 2007


08.30 – 09.30 Registration and Morning Refreshments

09.30 – 11.00 Session 1:Keynote Opening Speeches

The Conference Chairman’s OpeningRemarks Mohammed H. Layas ChairmanArab Banking Corporation &Vice Chairman and General Manager Africa - Libya Investment Portfolio, Libya (Former Chairman and CEO of Libyan Foreign Bank)

Co-Chairman’s Address Adnan KassarChairmanGeneral Union of Arab Chambers ofCommerce, Industry and Agriculture & Chairman & CEO The Fransabank Group, Lebanon

Welcome Address from the NationalPlanning Council Dr. Mahmoud GebrilChairmanNational Planning Council, Libya

Keynote Opening Addresses:

Outling prospective monetary policiesand banking sector re-structuring H.E. Farhad Binkdara GovernorThe Central Bank of Libya

Fiscal policy in LibyaSenior Speaker InvitedGeneral Peoples Committeefor Finance, Libya

Economic, trade and investment policiesin LibyaSenior Speaker Invited General Peoples Committee for Economy, Trade and Investment,Libya

Libyan oil: future strategiesDr. Shukri Ghanem*ChairmanNational Oil Corporation, Libya

11.00 – 11.30 Networking Refreshment Break

11.30 – 13.00 Session 2: The Banking andFinancial Services Sector in Libya –Current Status and Future Prospects

The future role of the banking andfinancial services sector in LibyaAbdulfattah GhaffarGeneral ManagerUmma Bank, Libya

The current challenges facing the Libyanbanking sector Hadi Jtelly ChairmanWafa Bank, Libya

An analysis of the financial andinvestment environment in Libya:achievements and challenges Florence Eid Independent Banking Advisor, UK Former Vice President & Senior Economist for MENA, Emerging Markets & Strategy,JP Morgan

Libya, the new big opportunitySteve BriceSenior EconomistStandard Chartered Bank, UK

13.00 – 14.30 Networking Lunch

14.30 – 16.00 Session 3: The Role ofInternational Financial Institutions ForRe-Structuring The Banking And FinancialInstitutions In Libya

Session Chairman’s Keynote AddressMajor pillars for developing the Libyanbanking sector and the potential role ofthe Union of Arab Banks in thisperspective Dr. Fouad Shaker Secretary General The Union of Arab Banks, Lebanon

Striking the correct balance:accommodating foreign bank and hostcountry objectivesMichael J. Hodges Business Development Director, MENA HSBC, UK

The international Forfaiting Associationand its role in the promotion of theForfaiting as a solution for traditionalfinancing in the MENA region Wassila Hamdi Ben Amor Chairperson of IFA-MENA Regional Committee& Head of Syndications & Forfaiting Tunis International Bank, Tunisia

Representative offices as a first step inestablishing foreign operations in Libya Ahmed Bakkoush Chief Libya Representative Qatar National Bank, Qatar

A Libyan bank’s privatization experience -Sahara BankDr. Salem Al-GmatiChairman Sahara Bank, Libya


M A I N C O N F E R E N C E P R O G R A M M E

Invited*

The re-structuring of a state-owned bank tobecome a private sector bank as part of thebanking reform programme Hesham Hamdy Chief Risk Officer Bank of Alexandria, Egypt

Management liability in the financialservices sector: finding your way in thecorporate jungle • Factors to consider• Governance models • Middle East overview • How to protect Directors and Officers Senior Executive Confirmed AIG Insurance


16.30 - 18.00 Session 4: Project Finance

The way to efficiently increase returns onthe investment side and reduce cost ofdebt- an international bank’s experience Andreas Koutras Head of IRD Structuring & Jean-Sylvain Forneri Head of IRD Distribution, Central & EasternEurope, Middle East and Africa &Khaled MalehSales - CEEMEAInterest Rate Derivatives & HybridsCalyon, France

Opportunities for project finance in Libya:An overview Dr. Harald Raffay Head of International Division BAWAG, P.S.K., Austria

18.00 Chairman’s Summation, Concluding Remarks& Recommendations

08.30 Morning Refreshments

09.30 - 11.00 Session 5: Investment andFinancial National InstitutionsResponsibilities in Supporting EconomicActivities

The Libyan stock market and the EconomicGrowth and EfficiencySuliman Salem Alshohomiy General Director The Libyan Exchange Stock Market

The Libyan investment portfolios – the totalperspective - The Africa - Libya InvestmentPortfolio Mohammed H. Layas Chairman- Arab Banking Corporation & Vice Chairman and General Manager Africa - Libya Investment Portfolio, Libya (Former Chairman and CEO of Libyan Foreign Bank)


11.30 – 13.00 Session 6: DevelopmentInstitutions and Financial Functions toFurther Economic and Social Activities

The specialized banks and its role inbacking economic activitiesCase Study - The Development Bank - Libya Sedik Shaibi General Manager Development Bank, Libya

Regional financial and developmentinstitutions in meeting the challenges ofimproving economic and social conditions -Case Study: The Arab Fund for Economicand Social Development - KuwaitSenior Official Invited The Arab Fund for Economic and SocialDevelopment, Kuwait

The Tunisian financial institutionsexperience in developing the private sectorKamal NajiChairmanThe Libyan – Tunisian Bank for TradeDevelopment, Libya

The prospective role of the financial andinvestment funds in Libya Hamed A. Al-HodairyGeneral ManagerEconomic and Social Development Fund,Libya

The role of private equity in thedevelopment of the Libyan economy Adel A. Saudi CEO & Abdulla Boulsien Managing Director Tuareg Capital

13.00 – 14.30 Networking Lunch

14.30 – 16.00 Session 7: Developing theFramework to Further Elevate theImportance of the Finance & BankingServices Industry in Libya

A review of the current Libyan bankingactivities overseas and future strategies Mohamed Najib Al Jamal General Manager Libyan Foreign Bank, Libya

The importance of a tax policy for foreignbanks Al boushy Allafi General Manager The Tax Authority, Libya

Accomplishments and challenges indeveloping Libya’s national technologyinfrastructures: the case of banking Aref Ali Nayed Managing Director Agathon Systems Ltd, UAE

Enhancing the banking infrastructure inLibya through SWIFT solutions,an in-depth analysis with reference toregional case studies Ayman Fathallah Director of Business & Marketing EastNets, Jordan

The legal regime & security of foreigninvestments in Libya: national &international perspectives Farouk Yala Attorney at Law Avocat au Barreau de Paris, France

Prospects of business opportunities inLibya - with special reference to thefinancial services industry M.H. Bouldoukian Head, Financial Institutions in MENA Countries Bank of Beirut, Lebanon (Former Deputy Governor Central Bank of Lebanon)

The implementation of an Operational RiskManagement System – challenges andsolutions M. Nasser Barakat Consultancy Director Aldar Audit Bureau (Grant Thornton – SA)

16.00- 16.30 Networking Refreshment Break

16.30 – 18.00 Session 8: A Review of theBanking and Finance Experience of OtherRegions and the Application to Libya

Representative offices as a first step toestablishing foreign operations in Libya A senior speaker to be announced

A review of past co-operation betweenLibyan and foreign banks A senior speaker to be announced

Consumer lending solutions and the role ofCredit Bureau’s in the economy Sherif Abdel-Kader DirectorHaydrian CEMA, Egypt

The prevention and detection of moneylaundering: implementing best practiceswith reference to both international andthe regional experience of Gulf countries Dr. AbdelGadir Warsama Ghalib Manager, Legal Dept Bank of Bahrain & Kuwait & Professor of Law American University, Bahrain

18.00 Chairman’s Closing Summation, ConcludingRemarks & Recommendations

DAY TWO 19th June 2007


A B O U T T H E S P O N S O R S

Citadel Capital is a leading Cairo-based private equity firm focused on buyout opportunities in the Middle East and North Africa Region,primarily in Egypt.

Over the past two years, Citadel Capital has executed some of the most compelling and successful private equity transactions in Egyptand the region, building a strong track record and an outstanding investor base, and investing over US$1.5 billion.

Key transactions include the acquisition and turnaround of the ASEC Group, a leading Egyptian cement group; and the buyout of EgyptianFertilizers Company for US$739 million, which is the largest M&A transaction in Egyptian history and the largest private equity deal to date in theMiddle East.

G O L D S P O N S O R

Calyon is a subsidiary and the Corporate and Investment Bank of the Crédit Agricole Group, the largest bankingorganisation in France.

In February 2007, Calyon commemorated its first year of operation in Libya. Calyon’s activities are organised into two major divisions: CapitalMarkets, Brokerage and Investment Banking, and the Financing division, offering its corporate and financial institution clients a full range ofproducts and services.

Credit Agricole has a presence across the entire spectrum of banking and finance activities and the group is a European leader in terms ofdomestic market position. It ranks No. 2 in Europe and fifth in the world in terms of capital.It has 9,100 branches spread around the world. It boasts of 134,300 employees throughout the world, and 21 million customers.

www.calyon.com

FRANSABANK’s legacy is built on a heritage of 86 years of professionalism, experience, development and growth. It is

committed to: � Expanding into selective regional and international markets. Till now FRANSABANK is operational in: • In

France through FRANSABANK (France) • In Algeria through FRANSABANK El-Djazair • In Sudan through the shareholding

of Islamic ‘Capital Bank’ • In Syria through FRANSABANK Syria (to be operational soon) • And lately, in Libya where it is

opening a representative office � Exceeding its customers’ expectations and fulfilling their needs and demands.� Striving for differentiation in

quality service to its existing and potential clients, strengthening the culture of entrepreneurship, decision-making and teamwork.� Generating

increasing value for its shareholders in a dynamic manner and solid sustainable grounds. � Keeping close to its clients and its communities by

exercising the highest level of corporate and social responsibilities.

www.fransabank.com

D A Y O N E - R E F R E S H M E N T B R E A K S P O N S O R

D E L E G A T E B A G S P O N S O R

Established in 1972 as "Unione delle Banche Arabe ed Europee", UBAE is a banking corporation funded by Italian and Arab capital.Shareholders include major banks - Libyan Foreign Bank, Misr International Bank, Bank Al-Maghrib, Banque Marocaine du CommerceExtérieur, Capitalia, Monte dei Paschi di Siena (Sansedoni), Sanpaolo IMI – and large Italian corporate groups: Eni (SOFID) and TelecomItalia.

The mission UBAE has set for itself is to become the advisor of choice and a privileged partner for business enterprises and financialinstitutions looking to introduce or expand trade, industrial and/or financial relations between Europe and countries in North Africa and theMiddle East.

UBAE offers a wide range of services and boasts unique expertise in every form of banking relevant to clients engaged in business on Arabmarkets, from export financing, letters of credit and documents for collection to finance, syndications of loans and risks and on-site professionalassistance.

Thanks to unremitting effort and over 30 years' experience, UBAE today is a lively bridge and a powerful link between Europe and countries inNorth Africa and the Middle East - a solid, reliable reference point in the market for foreign-trade services targeting this region.

www.bancaubae.it

B R O N Z E S P O N S O R

P A Y M E N T O P T I O N S

P A Y M E N T T E R M S

Venue:

The Corinthia Bab Africa Hotel, Tripoli, Libya Tel: +218213351990 Fax: +218213351992 Email: [email protected]

Accommodation:

A number of bedrooms have been booked at The Corinthia Bab AfricaHotel, Tripoli. For hotel confirmation please contact Mr. AbdulMonem Nageh on Tel + 218214443865 Fax +218214442862 orEmail: [email protected] / [email protected]

Please note the speakers and topics were confirmed at the time ofpublishing; however, circumstances beyond the control of theorganisers may necessitate substitutions, alterations or cancellationsof the speakers and/or topics.

Conference Reference �

Payments can be done by the following methods:

� Bank Transfer: Dirham transfers to IBC GulfConferences, account No: 020-111878-001 and US$transfers to IBC Gulf Conferences, account No: 020-111878-211 with HSBC Bank Middle East, Main Branch, P.O.Box 66, Dubai (Swift Code: BBMEAEAD) Please include theinvoice number, the event code E7404 and the delegate’ssurname in the transfer instructions

� Demand Draft / Cheque drawn in favour of IBC GulfConferences. (cheques are accepted from UAE companiesonly)

� Credit/debit card: Please complete credit/debit informationbelow:

Cardholder’s Name ___________________________________________

Billing Address ______________________________________________ (if different from co. address)

_______________________________________________________________

Post Code/Zip _______________ Country __________________________

Signature ______________________________________________________

Payment is due immediately upon receipt of the invoice and itincludes lunches, refreshments, and conference materials. Yourplace at the conference is not secure until payment has beenreceived and is subject to cancellation if no payment has beenreceived by the start of the event.

Please charge my credit card: � � � �

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P l e a s e v i s i t u s a t w w w . i b c g u l f c o n f e r e n c e s . c o m

C O N F E R E N C E & S E B F E E S

C O N F E R E N C E D O C U M E N T A T I O N

V E N U E & A C C O M M O D A T I O NP R O G R A M M E C H A N G E P O L I C Y

If you should cancel by 4h June 2007, you will receive a refund less aservice charge of UAE Dhs. 485. We regret that no refunds can bemade for cancellations received after 4h June 2007. Substitutions arewelcome at any time.

C A N C E L L A T I O N & S U B S T I T U T I O N S

The personal information shown on this brochure, or provided by youwill be held on a database and may be shared with companies in theInforma Group internationally. Sometimes your details may beobtained from, or made available to external companies for marketingpurposes. If you do not wish your details to be used for this purpose,please write to the Database Manager, IBC Gulf Conferences, P.O. Box15078, Dubai, United Arab Emirates. Tel: (+971 4) 336 9992 Fax: (+9714) 336 0116 Email:[email protected]

D A T A P R O T E C T I O NV I S A I N F O R M A T I O N

�� CONFERENCE ONLY Dhs 8,891 / US$ 2,421

�� I am unable to attend this conference but please, reserve me _______ set(s) of conference papers at UAE Dhs. 2,571/ US$ 700

Registration & Enquiry Form

Banking & Finance in Libya

For further information on any of the

above events

please call +971 4 336 9992 or

e-mail: [email protected]

HOTLINE(+971 4) 336 2992

�E-MAIL

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MAILThe Bookings Department

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5 E A S Y W A Y S T O R E G I S T E R

M M Y Y

Conf E7404

Your documentation pack contains a copy of the updated programme +bios and abstracts of the speakers. All presentations given out at theevent can be downloaded from the link provided in the delegate’sdocumentation folder.

Visa will be issued at the Tripoli International Airport onarrival. Please provide your flight details in advance to Mr.Abdul Monem Nageh at Sahara Libya on Tel + 218214443865Fax +218214442862 or Email: [email protected] /[email protected]

1 8 t h – 1 9 t h J u n e 2 0 0 7 , T h e C o r i n t h i a B a b A f r i c a H o t e l , T r i p o l i , L i b y a

Please photocopy for additional delegates and/or delegate with different addresses

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D E L E G A T E D E T A I L S

* The above fees include airport transfer and visa administration charges(visa fees to be paid extra)

I B C ’s U P CO M I N G E V E N T S

Project Economics &Decision Analysis inOil & Gas03-07 June 2007, Dubai, UAE

3rd Annual Middle East Insurance Forum05-06 November 2007, Dubai, UAE

3rd Annual SyndicatedLending in the GCCDubai, UAE

African Islamic FinanceConference29-31 October, 2007 Johannesburg,South Africa

Syndicated Lending inNorth Africa11th – 12 December 2007, Tunisia,North Africa

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Committee for Planning Central Bank of Libya OPPORTUNITIES ...€¦ · PHONE (+971 4) 336 9992...

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