Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaThe first joint effort following signing of this agreement will take shape in the form of the 2024 International Women’s Day Event in Cairo, Closing Gender Gaps in the MENA Financial Sector: Towards Women-Led Business Development. Co-organised by both parties, the two-day conference on the challenges faced by women entrepreneurs when scaling up their businesses will bring together senior bankers and entrepreneurs from the MENA region.
UfM and Union of Arab Banks sign Memorandum of Understanding strengthening cooperation
January 30, 2024
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The Union for the Mediterranean and the Union of Arab Banks, a non-profit affiliated with the League of Arab States that fosters collaboration between members and the international business community, signed a Memorandum of Understanding establishing bilateral cooperation in areas of common interest including climate change, women’s empowerment, and financial literacy. The MoU will be in force until at least 2027, with parties meeting annually to oversee their collaborative work plan.
“This collaboration is a testament to our shared commitment to addressing gender disparities in the financial sector, providing women-led businesses with opportunities, and promoting inclusive economic development in the Mediterranean region,” said UfM Secretary General Nasser Kamel. “It will strengthen our collective efforts towards creating a conducive environment for women-led businesses to thrive and contribute to more equitable economic growth.”
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Countries covered:
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Algeria
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Egypt
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Israel
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Jordan
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Lebanon
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Libya
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Morocco
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Palestine *
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Syria *
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Tunisia
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