Friday 31 October 2014
 
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Arab Monetary Fund

Yemen gets $168m loan from Arab Monetary Fund

The Arab Monetary Fund (AMF) said it will provide a $168 million loan to Yemen to help support reforms in the the country. Financial aid from abroad, which has been slow to arrive, has become a lifeline for Yemen, where the econom

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Yemen to receive $144m loan from AMF

The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday. Pro-democracy protests in 2011 brought Yemen, a neighbour of top oil exporter Saudi

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Egypt economy to grow under 2pc in 2012

Egypt's economic growth will slow to under 2 per cent this year from 2.5 per cent last year because of political turmoil, the country's central bank governor said on Sunday. 'We have a revolution,' Farouk El-Okdah told Reut

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AMF readies $65m loan for Egypt

The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis. The credit l

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Can't aid Europe says Arab Monetary Fund

The Arab Monetary Fund is unlikely to offer any funding assistance to the euro zone because providing loans to unrest-hit countries across the Arab world has priority, director general Jassim Al-Mannai said on Sunday. "There is a big need

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CBB 'committed to helping small firms'

The Central Bank of Bahrain (CBB) is committed to supporting finance for the small businesses, said a top official at a conference organised by the Arab Monetary Fund and International Finance Corporation in Manama. 'The CBB has licens

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UAE to host Arab finance ministers' meeting

The UAE will host an exceptional meeting of the Council of Arab ministers of finance in Abu Dhabi on September 7. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, will be present at the meet

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Gulf banks 'need more provisioning'

Some Gulf banks need more provisions to scrub themselves clean from problems from the credit crisis and their lending must become more prudent to avoid future bubbles, the head of the Arab Monetary Fund said. Jassim Al-Mannai, director gen

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Arab Monetary Fund readies plan to tackle crisis

The Arab Monetary Fund has a Pan-Arab initiative aimed at reducing the effects of the financial crisis, a senior regional banker has revealed. Secretary General of Union of Arab Banks Dr Fouad Shaker said in an interview with CNBC Arabiya

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UAE tops consumer spend list

The UAE residents spend about $20,000 per year on consumer goods and services, thus topping the average of all Arab nations, according to an Arab Monetary Fund (AMF) study. The level is far higher than spending in other Arab countries, the

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