Prime Minister Tammam Salam attends the Arab Economic Forum in Beirut, Thursday, June 19, 2014. (The Daily Star/Stringer)
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Central Bank Governor Riad Salameh Thursday urged the Lebanese government to privatize the Beirut Stock Exchange to improve its performance and boost the financing of the private sector.Salameh's remarks came during the Arab Economic Forum held at the Phoenicia Hotel in the presence of Prime Minister Tammam Salam and a large audience of business leaders, economists and bankers from Lebanon and the Arab region.In his speech, Salameh said the Lebanese economy was facing great challenges including reducing the indebtedness of the private sector. On the other hand, Salameh gave some indicators of confidence in the Lebanese economy.Adnan Kassar, president of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, expressed his optimism about the election of a new Lebanese president, which is expected to reassure foreign investors and attract them back to Lebanon.Kassar called on Arab businessmen and politicians to cooperate in order to establish a unified customs organization by 2015 and an Arab common market by 2020, in addition to increasing the competitiveness of Arab markets.
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