News And Press Releases

The report covers key economic developments in Arab countries during 2023, with a focus on the impact of global economic conditions on the region. It includes an integrated analysis of the performance of major economic sectors, such as oil and energy, public finance, foreign trade, and financial markets. In addition, it evaluates balance of payments, external public debt, and exchange rates, offering a clear view of the economic challenges and opportunities facing Arab countries.

In a forward-looking approach aligned with global trends, the report features a key chapter titled: "Digital Transformation in Arab Economies: Opportunities and Challenges." This chapter explores the importance of digital transformation as a pivotal factor for economic growth and sustainable development, while highlighting the challenges Arab countries face in accelerating digital transformation and adopting modern technologies.

The Arab Monetary Fund emphasizes that “ISTISHARA” reflects its commitment to the values of empowerment and sustainable development by enabling member countries to access top global expertise and enhancing cooperation to achieve shared economic goals.

For more information, please visit the following link: ISTISHARA

The glossary consists of 13 chapters covering various financial technology terms,  such as Artificial Intelligence, Distributed Ledger Technology, Cloud Computing, and Data Security. The total number of terms in this edition has grown to 2426 terms, compared with 1070, in the previous edition.

His Excellency Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, emphasized that the release of this glossary reflects the AMF's commitment to keeping pace with technological advancements and supporting Arab countries in adopting modern financial systems. He noted that the glossary contributes to enhancing awareness of financial technology, encouraging innovation, and improving access to digital financial services.

By implementing these programs, the AMF supports Arab institutions to effectively navigate while aligning with international best practices. This initiative plays a key role in promoting sustainable economic growth and strengthening the resilience of Arab economies.

A series of training programs and workshops were organized, bringing together 206 participants from different Arab countries. These sessions focused on a range of economic and statistical topics to strengthen knowledge and practical skills.

Through these initiatives, the AMF aims to assist Arab institutions in navigating current challenges by providing relevant training aligned with global best practices, ultimately contributing to sustainable economic growth in the region.

H.E. Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, noted the importance of the group's activities and meetings in supporting the development of modern financial technologies. He emphasized that developing this sector is a priority for supporting Arab economies in addressing current challenges. He also reiterated the AMF’s commitment to supporting financial innovations as part of its strategy to promote financial stability and economic development.

Throughout October 2024, a total of 268 Arab professionals took part in the activities and programs organized by the Training and Capacity Building Institute of the AMF.

This month’s lineup included eight training courses and a workshop, aligned with the AMF’s mission to advance economic and financial stability, while enhancing the knowledge and skills of Arab professionals across various fields relevant to economic growth and sustainable development.

In this context, H.E. Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, emphasized the importance of the initiative and the significant role it plays in sharing experiences and expertise. He highlighted its contribution to enhancing coordination among Arab countries in the field of statistical work.

This initiative aims to support the Palestinian people by strengthening the economic situation to address current challenges.

The meeting discusses policies and programs aimed at enhancing financial inclusion for youth, women, and underserved regions, and emphasizes the importance of digitizing government payments to increase access to financial services. Participants will review financial inclusion indicators in the Arab region and outline plans for the 2025 Arab Financial Inclusion Day.

H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, highlighted the significance of this meeting as an essential opportunity to enhance coordination among Arab countries in matters of financial inclusion.