Page 4 - Arab Monetary News Today

The Arab Gulf Programme for Development (Agfund) has signed an agreement with Arab Monetary Fund to promote economic development and achieve sustainable development goals in the region through boosting financial inclusion.

The MoU will focus on supporting micro, small and medium-sized agricultural projects, and digital financial transformation, which contributes to accelerating the economic growth and creating job opportunities in the region.

Buna, a provider of online money transfers for the Middle Eastern market, has signed a new memorandum of understanding with Bahrain’s electronic payment system. Read more about the international payments market with our money transfers news.

Various governments have made good use of last year’s unprecedented IMF allocation, but the Ukraine war, ongoing debt issues, and other economic problems are a reminder that the region cannot sidestep deeper reforms indefinitely.

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

RIYADH: Arab countries’ economies are likely to grow at an average annual rate of 5.4 percent in 2022 mainly driven by rising oil prices, a hike in crude production by oil exporters and the ongoing reforms to diversify economies, according to a report issued by the Arab Monetary Fund. The report titled “Arab Economic Outlook” noted that Arab countries could face relatively

Qatar initiates measures to curb rising inflation: Kamco Invest

Qatar, which is gearing up to host the FIFA World Cup later this year, has already initiated measures to curb the rising inflation such as a food security

The settlement of payments is done instantly for transfers to beneficiary banks participating in the platform.