The nineteenth meeting of the Financial Stability Working Group in Arab countries
Abu Dhabi - United Arab Emirates
March 6-7, 2024
Beach Rotana
To book a room at the Beach Rotana hotel, please visit the following link: https://www.rotanaoffers.com/amffinancialgroup
Room rates: The price of a single room is AED 550 per night, inclusive of breakfast and all taxes.
Legal Officer
The Arab Monetary Fund (AMF) is an Arab regional organization based in Abu Dhabi, United Arab Emirates. Its main objective is laying monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab Countries. AMF is seeking to recruit a “Legal Officer” in the Legal Department.
Duties & Responsibilities:
Business Manager
Only Available in Arabic Language (for details click the link)
The Arab Monetary Fund Releases the 19th Edition of the Arab Economic Outlook Report, including an update on economic growth and inflation expectations in Arab countries for 2023 and 2024.
Key Highlights of the Report:
In its continued efforts to support policymakers in Arab countries, the Arab Monetary Fund (AMF) published the 19th edition of its "Arab Economic Outlook" report. The report offers a detailed analysis of the economic performance and prospects of Arab countries, considering the latest global economic developments and their potential impacts on the region. The report aims at helping policymakers throughout the Arab world in navigating the complex global economic environment. It provides insights on the economic growth and inflation trends for the Arab region and the groups of Arab countries. The AMF recognizes the importance of understanding the unique challenges and opportunities facing the Arab countries in a highly interconnected and uncertain world. Therefore, this report not only sheds light on the current economic situation but also highlights the growth potential and progress in the coming years by identifying the views and expectations of the experts and policymakers in the Arab countries and the sources of growth in the Arab region.
The Board of Governors of the Arab Monetary Fund (AMF) accepts the resignation of H.E Dr. Abdulrahman A. Al-Hamidy as Director General Chairman of the Board and appoints H.E. Dr. Fahad Mohammed A Alturki
The Arab Monetary Fund management welcomes the appointment of H.E Dr. AlTurki,
The Arab Monetary Fund Board of Governors appoints Dr. Fahad Mohammed A Alturki as Director General Chairman of the Board, to complete the remaining period of H.E Dr. Abdulrahman A. Al-Hamidy’s presidency which will end on March 5th, 2024, and for a new 5-year term 2024-2029. The appointment came after accepting the resignation of Dr. Al-Hamidy as Director General Chairman of the Board. Furthermore, the Board of Governors praised Dr. Al-Hamidy sincere efforts and dedication since 2014.
Director, Economic Department
Arab Monetary Fund (AMF) is a regional Arab financial institution founded in 1976 and aims at strengthening economic, financial, and monetary stability in its member countries (22 countries). It also aims at laying the monetary foundations for Arab economic integration and promoting economic development in Arab countries.
Banks go live with the Buna’s Payment versus Payment (PvP) Service, providing safer settlement of foreign exchange (FX)
The service is now operational in collaboration with Abu Dhabi Commercial Bank and Jordan Ahli Bank as the first users.
Adopting PvP as FX settlement mechanism contributes to the global effort led by the Group of Twenty (G20) to enhance cross-border payments.
Abu Dhabi, November 6th, 2023: Buna, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, which is owned by the Arab Monetary Fund, announced Abu Dhabi Commercial Bank (ADCB) and Jordan Ahli Bank (ahli) as the first users of its Payment versus Payment (PvP) service, which supports safer settlement for foreign exchange (FX) trades.
Buna’s PvP mechanism ensures that settlement in one currency occurs if and only if the settlement of the other currency occurs simultaneously, resulting in a more efficient and secure way of conducting settlement of foreign exchange transactions, in line with one of the building blocks of the G20 roadmap to enhance cross-border payments.