Buna holds its 36th virtual workshop to share latest achievements and new milestones

The workshop will host leading banks from United Arab Emirates and Kingdom of Saudi Arabia that will share their experiences of Buna

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

Abu Dhabi, 15th September 2022: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds today a workshop to share latest achievements and new milestones with its large community.

The agenda of the workshop comprises a panel of senior-level speakers from Abu Dhabi Commercial Bank (ADCB) and Arab National Bank (ANB) who will share their practical experiences in utilizing Buna system. The workshop will also cover different other topics to update the Buna community on the progress achieved on key technological and regulatory matters as well as the evolution of the participation and payments activity in Buna.

The Impact of the Financial Stability Governance framework and Communication Strategies on the Fluctuation of the Financial Cycle in the Arab Region

This paper presents an analysis of the relationship between the governance of financial stability and the communication policy of Central Banks in the Arab region, and their effectiveness in reducing the fluctuations of the financial cycle in twelve Arab countries during the period (2005-2020).

Arab Monetary Fund releases a study on “Towards a Circular Economy in The Arab Region: Development of Transformation Measurement Index”

The study aims to build an index to measure the circular economy (CE).

The index is established based on globally recognized CE indicators that can be used to measure countries' transition toward circular economy.

Globally, a circular economy (CE) is being promoted as a policy to achieve economic, environmental, and social sustainability. A significant reason for this is the increasing recognition of CE indices as effective tools in preventing resource waste and reducing negative environmental impacts. The aim of this study, therefore, is to establish a regional index based on CE indicators that can be used to measure countries' transition toward circular economies implementation.

Buna and Standard Chartered celebrate euro real-time payments in Buna

The inclusion of the Euro in Buna will strengthen economic ties between the Arab World and Europe, as well as other international trade partners  

Buna (the payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”) and Standard Chartered held a ceremony today in the AMF premises to announce the live operation of euro cross-border payments in Buna.

The service is now activated by multiple participant banks from various Arab countries, with more participation expected in the upcoming weeks to benefit from the real-time settlement feature of euro payments taking place in Buna across borders in compliance with global best practices and international standards.

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