Arab Payment Week (APW) Event to be held in Abu Dhabi
This 3-days event will bring together the financial community to drive financial inclusion and promote collaboration and innovation
Abu Dhabi, February 26, 2024: The Arab Payment Week (APW), which is scheduled on February 26-28, 2024, provides a platform for policymakers, regulators, and payment system practitioners to convene and exchange insights on developing and strengthening domestic and cross-border payment innovation and practices.
With a focus on cooperation opportunities, the APW will drive innovation and promote broader adoption of digital financial services to shape the future of payments in the Arab region and beyond.
The APW is organized jointly by the Arab Monetary Fund (AMF) and Buna the cross-border payment system for the Arab world and beyond. The event is gathering speakers and attendees from across the financial spectrum, including leaders from commercial and central banks, and ministries from all continents. This diverse assembly highlights the important role of this event in facilitating economic growth by strengthening the integration between Arab economies and their trade and investment ties with their global partners.
Accountant
The Arab Monetary Fund (AMF) is a regional financial organization headquartered in Abu Dhabi, United Arab Emirates, with the primary goal of establishing monetary foundations for Arab economic integration and accelerating economic development in Arab countries. Through this announcement, the Fund aims to recruit an "Accountant" in the Finance Department.
Under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum - the inauguration of “ARPCSO” (Buna Payments) at the World Governments Summit 2024
Dubai, February 12, 2024: Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Buna (The Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”) was inaugurated during the World Governments Summit, hosted by the UAE.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance opened the ceremony which was attended by their excellencies senior officials from the UAE government, Governors of Central Banks from different countries, and senior leaders from the financial sector. Wishes were extended to Buna for a continued success in their mission to support economic development and financial integration in the Arab world and stronger ties with its key trade partners.
During the session, H.E. Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, welcomed the attendees and thanked the UAE leadership for their support. He stressed that hosting Buna reinforces the UAE’s central role as a catalyst for cooperation between the Arab nations and as a global hub for trade and investments in line with the UAE leadership’s directives.
Monitoring cross-border payment developments: a regional analysis of AMF member countries
This joint policy paper between the AMF and CPMI on “Monitoring cross-border payment developments: a regional analysis of AMF member countries” provides insights on the importance of cross-border payments for the region, evidenced by international remittances. It documents the status of payment system interoperability and extension, as well as legal, regulatory and supervisory aspects in the region at the launch of the cross-border payments programme.