The Arab Monetary Fund released a study on: “An Analysis of Symmetric and Asymmetric Information in the Volatility Structure of Real Exchange Rates”

As a result of the symmetric analysis, the findings indicate that volatility structures of the real exchange rate markets' return under study are symmetrically informative.

An understanding of the volatility structure of foreign exchange rates is fundamental to assessing investment risks in the forex market. This study, therefore, analyzes the symmetric and asymmetric information in the volatility structure of selected Arab exchange rate markets.

The study applied the EGARCH model for analyzing the volatility structure of selected currencies using the daily data of rate of return of real exchange rates over the period from January 3, 2017, to June 2, 2022. These currencies are the Saudi Riyal, Kuwait Dinar, Bahrain Dinar, Egyptian Pound, Algerian Dinar, Tunisian Dinar, and Moroccan Dirham.

The Arab Monetary Fund Releases The Seventeenth Edition of the Arab Economic Outlook Report Including Macroeconomic Forecasts for Arab Economies for 2022 and 2023

  • According to the Arab Monetary Fund, the expected economic growth rate for the Arab countries will rise to 5.4 percent in 2022 due to rising oil prices, the increase in production in Arab oil-exporting countries, and the continuation of reforms that promote growth.

 

In line with its continuous efforts to support the decision-making process in Arab countries, the Arab Monetary Fund (AMF) has released the Seventeenth Edition of the Arab Economic Outlook Report, including growth and inflation forecasts for Arab economies for 2022 and 2023.

The report indicated that the global economy is experiencing challenges related to the global supply chains and high commodity prices, which raise concerns about global food security. As a result, international institutions have reduced their forecasts for global economic growth issued in January 2022.

Buna holds its 35th virtual workshop to share cross-functional updates related to Technology, Operations, and Compliance

The workshop will shed light on key capabilities and live experiences that are of interest to Buna’s banking community  

More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions

Abu Dhabi, 11th August 2022: Buna, the cross-border payment system owned by the AMF, holds today a workshop to shed light on several key capabilities and live experiences that are of interest to Buna’s banking community, namely an overview on its Application Programming Interface (API), Buna’s plans for extending its operating window, and various compliance aspects including sharing live experiences and findings.

The workshop will host more than 200 senior officials representing central banks, along with various institutions from the financial, banking, and payment sectors in the region and beyond.

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