The Arab Monetary Fund Issues the 57th Edition of the “Arab Financial Market Monthly Bulletin” – April 2025

Arab financial market recorded a decline in April 2025, influenced by global market volatility following the United States’ announcement of increased tariffs on imports from 180 countries, including 19 Arab nations. Concerns over slowing economic growth, rising inflation, and geopolitical tensions further weighed on the performance of most exchanges.

Six Arab stock markets posted gains, driven by strong performance in telecommunications, pharmaceuticals, technology, and banking sectors. Meanwhile, seven others declined under pressure from drops in the energy, financial services, and transportation sectors. Dubai Financial Market led the gains with a 4.14% increase, followed by Iraq’s market with 3.46%. In contrast, Muscat, Kuwait, and Palestine saw losses ranging between 1.16% and 1.64%, while Bahrain, Saudi Arabia, Casablanca, and Amman recorded deeper declines, reaching up to 5.6%.

At the start of the month, the U.S. tariff announcement triggered a global sell-off, impacting indices like the S&P and NASDAQ, which dropped by 9% to 13.7%. However, the subsequent decision to suspend the tariffs for three months helped pare losses, particularly in emerging markets, which rebounded by around 6.26%, followed by gains in Europe and Asia.

Iraq Launches National Financial Inclusion Strategy 2025–2029

Under the patronage of H.E. Prime Minister Mr. Mohammed Shia' Al-Sudani, Iraq launched its National Financial Inclusion Strategy for the period 2025–2029 during an official conference held in Baghdad. The event was organized by the Central Bank of Iraq, in collaboration with the Arab Monetary Fund, and in partnership with the German Agency for International Cooperation (GIZ), the World Bank, and the Alliance for Financial Inclusion (AFI).

The strategy represents a major step forward in broadening access to financial services across the country, particularly digital solutions. It places a strong focus on reaching underserved segments of the population, including women, youth, and small and medium-sized enterprises. Key objectives include raising the percentage of adults with bank or digital accounts to 50% by 2030 (up from 11% currently), reducing the gender gap in access to financial services to 3.5 percentage points, and increasing the use of digital payments to 85%.

The Arab Monetary Fund played a key role in supporting the strategy’s development by providing technical expertise and advancing regional coordination through the Financial Inclusion for the Arab Region Initiative (FIARI), which it leads in collaboration with international partners.