Page 2 - Arab Monetary News Today

AMMAN — Illiteracy rates in Jordan have decreased notably over the past decade, according to the Joint Arab Economic Report 2022 issued by the Arab Monetary Fund.Among adults aged 15 and older, the illiteracy rate decreased from 7 per cent in 2010 to 1.8 per cent in 2020. Among youth between the ages of 15 and 24, the illiteracy rate decreased from 1.2 per cent in 2010 to 0.7

Jameel Ahmad also announces MoU with Arab Monetary Fund to facilitate remittance inflow from GCC countries

Driven by higher oil prices and improved business confidence, the UAE's economic growth is on track to remain robust, averaging 4.6 per cent from 2022 to 2..

The Arab Monetary Fund (AMF) projected a 3.4 percent growth for Arab economies, accompanied by tighter monetary policies to curb inflation. The report showed that Arab countries with economic reform programs and strategies to diversify their economies, improve their resilience, enhance their business environments, empower the private sector, and invest in human capital are more able to cope with economic shocks.

Tunisian President Kais Saied on Saturday suggested raising taxes on richer people could be an alternative to socially painful reforms as a means to secure an international financial rescue package. Tunisia's government negotiated a preliminary agreement in October with the International Monetary Fund (IMF) for a $1.9 billion loan in return for cuts to subsidies and the public sector wage bill and reform of state-owned companies.

Fintechs in the Middle East and North Africa are booming, thanks to funding increases and revised licensing regimes.

Bank Nizwa, an Islamic bank in Oman, has announced a partnership with Buna, a cross-border payment system fully owned by...

The Bona Payments Platform (the payment system operated by the Regional Corporation for Arab Clearing and Settlement of Payments, owned by the Arab | BLiTZ

Will provide its customers with seamless payments in both Arab and international currencies, within a safe, risk-controlled and transparent environment

Bank Nizwa partners with Buna to offer seamless cross-border payments