The Arab Monetary Fund Issues the 54th Edition of the "Monthly Bulletin of Arab Capital Markets" for December 2024

The Arab Monetary Fund’s Composite Index for Arab Capital Markets recorded an increase of 1.03% at the end of December 2024, benefiting from the positive performance of the majority of Arab stock exchanges included in the index. Ten stock exchanges experienced growth in their performance indices, supported by several positive factors, most notably declining interest rates, lower inflation rates, and increased lending and investment activity.

The announcement by FTSE Russell of the quarterly review results for emerging market indices - which included the addition of new Arab companies to the index - played a significant role in supporting the performance of several Arab stock exchanges. Arab exchanges continued their efforts to expand market bases by upgrading companies from secondary and parallel markets to the main markets.

 

On the other hand, four Arab stock exchanges saw declines in performance due to weaker activity in key sectors, particularly telecommunications and basic materials. The commercial and consumer services sectors also  

faced downturns in several exchanges, negatively impacting trading volumes.

 

 

The Arab Monetary Fund Releases the Unified Arab Economic Report for 2024

The Arab Monetary Fund (AMF), in collaboration with the General Secretariat of the League of Arab States, the Arab Fund for Economic and Social Development, and the Organization of Arab Petroleum Exporting Countries (OAPEC), has released the 44th edition of the Unified Arab Economic Report for 2024. This report is considered one of the most important economic references in the region, aimed at supporting policymakers by providing a comprehensive and accurate overview of Arab economies' performance, based on official data and reliable sources.

The report covers key economic developments in Arab countries during 2023, with a focus on the impact of global economic conditions on the region. It includes an integrated analysis of the performance of major economic sectors, such as oil and energy, public finance, foreign trade, and financial markets. In addition, it evaluates balance of payments, external public debt, and exchange rates, offering a clear view of the economic challenges and opportunities facing Arab countries.

In a forward-looking approach aligned with global trends, the report features a key chapter titled: "Digital Transformation in Arab Economies: Opportunities and Challenges." This chapter explores the importance of digital transformation as a pivotal factor for economic growth and sustainable development, while highlighting the challenges Arab countries face in accelerating digital transformation and adopting modern technologies.

The Arab Monetary Fund issues the Edition of the Financial Technologies glossary

Abu Dhabi, 19 December 2024: Within the Arab Monetary Fund’s strategic directions to support digital transformation and enhance the digital financial literacy in Arab countries, and out of its belief in the importance of having robust reference for the terminologies of the financial technology industry, the Arab Monetary Fund, the Technical Secretariat of the Arab Regional Fintech Working Group, issued the second edition of the "Financial Technologies Glossary”. 

The glossary consists of 13 chapters covering various financial technology terms,  such as Artificial Intelligence, Distributed Ledger Technology, Cloud Computing, and Data Security. The total number of terms in this edition has grown to 2426 terms, compared with 1070, in the previous edition.

    

His Excellency Dr. Fahad M. Alturki, Director General and Chairman of the Board of the Arab Monetary Fund, emphasized that the release of this glossary reflects the AMF's commitment to keeping pace with technological advancements and supporting Arab countries in adopting modern financial systems. He noted that the glossary contributes to enhancing awareness of financial technology, encouraging innovation, and improving access to digital financial services.

 

Arab Monetary Fund Launches “ISTISHARA” Platform to Enhance Capacity Building and Develop Technical Expertise

Abu Dhabi – December 2024: The Arab Monetary Fund (AMF) announces the launch of a new digital platform - “ISTISHARA”, as part of its efforts to strengthen its role as an institution that balances responsiveness to the needs of member countries with proactive, sustainable development to enhance stability and economic growth.

The Arab Monetary Fund emphasizes that “ISTISHARA” reflects its commitment to the values of empowerment and sustainable development by enabling member countries to access top global expertise and enhancing cooperation to achieve shared economic goals.

For more information, please visit the following link: ISTISHARA

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