Articles Tagged with: Summit

Istanbul to host 13th OIC summit

Istanbul is preparing to host the two-day 13th Organization of Islamic Cooperation (OIC) Summit next Thursday and Friday.

According to a statement from the president’s office on Thursday, the April 14-15 summit will be attended by prime ministers and presidents from over 30 countries.

The international meeting, with the theme “Unity and Solidarity for Justice and Peace”, is expected to discuss the situation in numerous Muslim countries, including Syria, Yemen, Palestine, Iraq, and Azerbaijan, as well as the fight against terrorism.

The summit, which will also include foreign ministers and senior officials’ preparatory meetings, will end with a declaration.

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International Finance Summit Takes Off in Istanbul

Turkey’s Deputy Minister responsible for the economy Ali Babacan, Turkish Finance Minister Mehmet Şimşek, Governor of Turkish Central Bank Erdem Başçı and Vice Chairman of the NASDAQ OMX Group, Sandy Meyer Frucher are gathering in Istanbul Monday for the fifth Istanbul Finance Summit (IFS), a two day meeting to discuss innovation.

It is sponsored by the Turkish Central Bank, Borsa Istanbul and the Secretariat of the Treasury and the global communications partner for the second year is Anadolu Agency.

The head of Borsa Istanbul, Ibrahim Turan said in his opening speech, “the issue of the next decade will be funding the investment in developing countries that is over $12.5 trillion. Seven of every ten companies will start up in developing countries until 2025 according to projections.”

“The issue of the next decade is how to find finance of this $12.5 trillion gap,” Turan said.

Turan emphasized that developing countries need to invest more in order to close the gap with the developed nations and to contribute to global progress.

“This summit will contribute to Istanbul becoming an international finance center,” Professor Murat Yulek, chairman of the summit advisory board, said.

The President of Turkish Exporters Assembly Mehmet Büyükekşi said that “innovative finance requires development of sustainable methods. We believe the importance of innovative financing in development same as innovation.”

The summit is hosting leading representatives of global financial markets and senior executives from financial institutions from North America, Europe, the Gulf Region and East Asia.

The main topics being debated include investment banking, venture capital funds, angel investment and innovation finance, innovative tools and infrastructure financing methods and financial centers.

Chairman of MRL Corporation and Independent Energy Expert, Cornelia Meyer, CEO of Bahrain-based International Investment Bank, Aabed Al-Zeera, Kazanah Basional Berhad’s chairman, Mohd Izani Ghani and Kazakhistan Central Bank’s vice-president Kuat Kozhakhmetov are among the attendees.

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