First Independent Mena Newspaper
The Arab Monetary Fund has forecast Libya’s economy to expand by 14.3% in 2025, before moderating to 5.9% the following year, contingent on improved domestic stability and stronger investor confidence. In its latest Arab Economic Outlook report released this week, the Fund attributed the robust growth outlook to the hydrocarbons sector, which provides over 95% […]
Buna, the Arab Regional Payment System, has forged a strategic partnership with the global payments technology provider Mastercard in a move to enhance cross-border payments in the Middle East and North Africa (MENA) region, offering faster, more transparent, and cost-effective transactions for businesses and consumers. This private-public collaboration aims to reduce friction in cross-border payments […]
The Arab Monetary Fund has agreed to provide Morocco a $277 Million loan to support the country’s financial and banking sector and enable it maintain its economic stability amid a soaring global inflation due to the Russia-Ukraine war. The loan, announced on Thursday by the fund, will strengthen control & supervision of Moroccan financial and […]
The Arab Monetary Fund said that the expected economic growth in Morocco by the end of 2022 will not exceed 1%, after last year’s 7.9%, and that 2023 growth will reach 4%. The fund stated in its recently-issued Arab Economic Outlook Report that the yield of the main cereal crops will not exceed 32 million […]
Sudanese government has signed deals for loans worth $300 million with regional Arab funds last weekend. The loans would help authorities in Khartoum to cope with the country’s economic crisis and nearly three months of street protests. According to the finance ministry, a $230 million loan deal was signed with the Abu Dhabi-based Arab Monetary […]
International donors have pledged $6.4 billion to Yemen to support the country’s socioeconomic development plan, political transition and efforts to rebuild after it was rocked by political unrest and Al-Qaeda attacks. At the end of their meeting in Riyadh, which brought together more than 280 participants from 27 countries, 36 regional development & international finance […]