More than a third of Arab banks have seen their business links with foreign banks shrink over the past four years because of pressures such as economic sanctions and concern about money laundering, according to a study published on Monday.
The Arab Monetary Fund and the World Bank Group (WBG) yesterday (April 18) signed an enhanced partnership framework to support countries in the Arab region in developing their economies and financial markets.
This initiative will
The Arab Monetary Fund (AMF) said it will provide a $168 million loan to Yemen to help support reforms in the the country.
Financial aid from abroad, which has been slow to arrive, has become a lifeline for Yemen, where the econom
The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday.
Pro-democracy protests in 2011 brought Yemen, a neighbour of top oil exporter Saudi
Egypt's economic growth will slow to under 2 per cent this year from 2.5 per cent last year because of political turmoil, the country's central bank governor said on Sunday.
'We have a revolution,' Farouk El-Okdah told Reut
The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.
The credit l
The Arab Monetary Fund is unlikely to offer any funding assistance to the euro zone because providing loans to unrest-hit countries across the Arab world has priority, director general Jassim Al-Mannai said on Sunday.
"There is a big need
The Central Bank of Bahrain (CBB) is committed to supporting finance for the small businesses, said a top official at a conference organised by the Arab Monetary Fund and International Finance Corporation in Manama.
'The CBB has licens
The UAE will host an exceptional meeting of the Council of Arab ministers of finance in Abu Dhabi on September 7.
Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, will be present at the meet
Some Gulf banks need more provisions to scrub themselves clean from problems from the credit crisis and their lending must become more prudent to avoid future bubbles, the head of the Arab Monetary Fund said.
Jassim Al-Mannai, director gen