November 27–28, 2024, Abu Dhabi: The 12th periodic meeting of the Arab Regional Fintech Working Group on Modern Financial Technologies commenced today. Held virtually over two days, the meeting aims to enhance cooperation and knowledge exchange among experts and technical professionals from Arab countries. It features broad participation from representatives of central banks and monetary authorities in the Arab region, ministries of finance, capital market authorities, and Arab stock exchanges. Prominent international financial institutions, such as the International Monetary Fund, World Bank, Bank for International Settlements, Financial Stability Institute, and the Committee on Payments and Market Infrastructures, are also participating.
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.