Arab economies are projected to grow by 2.3 per cent in 2017 as a result of the decline in growth rate of the Arab oil-exporting countries to 1.8 per cent, according to the latest forecast by the Abu Dhabi-based Arab Monetary Fund (AMF).
Affected by internal and external factors, the inflation rate in Arab countries may reach 9.8 per cent and 9.6 per cent in 2017 and 2018 respectively, according to a new report from the Arab Monetary Fund.
The Arab Economic Outloo
The total value of insurance premiums in Arab countries reached $35 billion by the end of 2016 for all types of conventional and Islamic insurance, said Dr Abdulrahman bin Abdullah Al Humaidi, director-general of the Arab Monetary Fund (AMF).
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