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{The Millions of Arabs} discuss a series of economic reports


yota691
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Yes this all looks good...but Iran is in the way and interfering with their Government that hasn't been formed yet...They want this, promise that and everything is soon but some of them continue to align themselves with  Iran who has absolutley nothing to offer them ....smh...yes this ride should have been over...When will the auctions stop and the HCL be signed not to mention the formation of the Government...I hope I am wrong...

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3 hours ago, 6ly410 said:

"

 

4 hours ago, 6ly410 said:

raise the rate

 

4 hours ago, 6ly410 said:

will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world

So helping the poor AND raise the rate........what rate? The dinar or the rate to raise the people from poverty? 

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  • yota691 changed the title to Source: Association of Private Banks will participate tomorrow in the meeting of the Arab Monetary Fund
 
12602.jpg
 
  

 Banks


Economy News _ Baghdad

The 16th meeting of the Regional Task Force on the Promotion of Financial Inclusion in the Arab States kicked off Sunday at the Le Royal Meridien Hotel in Abu Dhabi. 
The meeting will be attended by representatives of the Global Alliance for Financial Inclusion (AFI), the Association of Iraqi Private Banks, the Islamic Development Bank (IDB), the German Development Agency (GIZ), the European Investment Bank (EIB) and the World Bank Group (WB). 
"The panel will discuss a number of important issues and issues, including follow-up to the recommendations of the first Arab Forum for Modern Financial Technologies held on December 12 and 13, 2018 in terms of financial inclusion, including a discussion of the proposed establishment of the Arab Monetary Fund, The panel will discuss the subject of modern financial technologies and the protection of consumers of financial services, the gender diversity in financial services of emerging companies, and the theme of digital identity and the consolidated database. ھیl process to identify the customer and reduce the cost of compliance with legal risk.
 He added that the panel will discuss the issue of responsible finance in enhancing financial coverage by shedding light on the policies and tools available in this regard, in addition to the issue of enhancing the position of microcredit through reducing credit risk weights within the framework of capital adequacy ratio. Participants in the implementation of the G20 principles of financial services in the case of Arab countries Finally, the team will discuss the most important preparations for the activities of the Arab Day for Financial Inclusion of 2019 and the updates of the Regional Initiative for Enhancing Financial Coverage in the Arab Countries (FIARI). Review of the program activities of the initiative for the current year 2019. 
It should be noted that the Group is working on developing policies and procedures related to enhancing the financial coverage of the Arab countries, improving the indicators of their financial coverage, enhancing the exchange of experiences and experiences among the Arab countries in the issues of financial inclusion and preparing studies and working papers on the conditions of financial inclusion in the Arab countries. , As well as enhancing awareness of financial inclusion and consumer protection issues in financial and banking services. 
The Arab Monetary Fund, based in Abu Dhabi, is responsible for the technical secretariat of the team. Its responsibilities include preparing papers and studies related to the team, and coordinating with international institutions and bodies concerned with issues of financial inclusion.


Number of Views 35   Date Added 27/01/2019

 
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  • yota691 changed the title to AMF strengthens monetary policy

AMF strengthens monetary policy

AMF strengthens monetary policy
Part of the "Central Banks Transparency and Monetary Policy Reporting" course in Abu Dhabi
 24 March 2019 10:54 p

ABU DHABI - The "Central Banks Transparency and Monetary Policy Reporting" session, organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the German Central Bank, opened at the Fund's headquarters in Abu Dhabi on March 24-27, 2019 .

According to a press release issued on Sunday, monetary policy is one of the most important areas of macroeconomic policy that regulates the relationship between money and economic activity in order to stabilize prices, thus creating a suitable environment for the exercise of various economic activities and laying the foundation for sustainable economic growth .

 

The monetary policy frameworks depend primarily on the development of the state's financial structure and the economic situation. The central banks usually adjust money supply or monetary expansion to suit the needs of market participants .

He stressed that the success of central banks in achieving monetary stability depends on a set of internal and institutional factors and conditions related to the structures of these banks and their development and the quality of their human resources .

The IMF noted that this requires a set of objective conditions, most notably the degree of independence of central banks, the credibility of their policies and procedures, and a high degree of transparency in the work of these banks, which increases confidence in economic policies .

It also provides a climate of certainty that helps keep inflation rates at medium and long-term targets and leads to productive investments away from quick-return considerations and speculation .

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  • 1 month later...

{Arab Monetary} launches a version looking {digitization of public finances}

Saturday 04 May

{Arab Monetary} launches a version looking {digitization of public finances}
Abu Dhabi / Morning follow up
 
http://alsabaah.iq/8307/النقد-العربي-يطلق-إصدارا-يبحث-رقمنة-المالية-العامة
The Arab Monetary Fund has launched a new periodic series entitled "Policy Brief", which aims to support decision-making in the Arab countries by providing brief research papers that address key priorities and topics of interest to member countries with policy recommendations.
The second issue of this series touched upon the subject of digitization of public finances. The unprecedented digital transformations that have taken place have affected all aspects of life and have resulted in significant gains in productivity and competitiveness through their role in restructuring the performance of many sectors Productivity and service, as well as the mechanisms of the functioning and performance of macroeconomic policies, including public finance.
As a result of these transformations and in the context of the Fourth Industrial Revolution and its associated technologies such as artificial intelligence, large data, the blockbuster, biotechnology and other technologies, many governments have taken advantage of these techniques to increase the efficiency of public finance management in achieving their objectives Through the development of more efficient mechanisms to raise and spend public funds to achieve the objectives of fiscal policy.
The digitization of public finances addresses many aspects, including the digital transformation of managing the two aspects of the public budget (revenues and public expenditures), especially through the adoption of electronic collection and payment systems.
On the public revenue side, tax digitization has helped many countries increase tax collection levels and expand the tax base by shifting to electronic systems for tax compliance, compliance, collection and billing
e.
While digitizing public expenditure has contributed to the efficiency of government procurement systems, combating corruption, improving the efficiency of social remittance systems by creating more accurate databases for those eligible for support, and channeling cash transfers to them through electronic payment channels in an easy, secure and verifiable manner such as telephones Using biometric fingerprint signatures, thereby enabling governments to reach a broad base of beneficiaries at the lowest cost.
Moreover, digitization of public finances is also linked to the adoption of the latest technical systems in relation to other aspects of financial policy, including the Government Financial Information Management System, the Debt Management and Analysis System, and other systems that have helped to increase levels of transparency, comprehensiveness and accuracy of operations
The state budget.
The "Policy Brief" referred to examples of digitization of public finances in some Arab experiences. The Arab governments, within the framework of their national plans for digital transformation and their efforts for financial reform, have tended to shift towards digitizing public finances. Many Arab countries have achieved significant successes in this regard, The United Arab Emirates, Saudi Arabia, Egypt, Morocco, Tunisia and Mauritania.

Edited by 6ly410
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Good news.!

Digitization: the conversion of text, pictures, or sound into a digital form that can be processed by a computer.

- This will prevent administrative and financial corruption and bureaucracy 

- efficiency of government procurement systems

- significant gains in productivity and competitiveness

- increase the efficiency of public finance management

 

In other words, Iraq e-governance project 

 

Go Digitization 

Go success 

Go RV

Go $1:1

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  • yota691 changed the title to Arab Monetary Fund launches a "policy brief"

Arab Monetary Fund launches a "policy brief"

 
Baghdad / follow-up
 
 
The Arab Monetary Fund has launched a new periodic research series entitled "Policy Brief" aimed at supporting the decision-making process in the Arab countries by providing brief research publications that address the most important priorities and topics of interest to Member States,
 Policies. According to a publication on the website of the Arab Monetary Fund, Al-Sabah, the third issue dealt with the issue of "tax justice." He pointed out that the concept of tax justice is meant to mean "the contribution of taxpayers to a fair share in the financing of public expenditures" In the distribution of the tax burden between financiers, "explaining the existence of two types of tax justice based on two basic principles are the principle of utility, and the principle of ability to
 paying off.
"The economic conditions experienced by the Arab countries during the past years called for more emphasis on tax reform in order to increase the tax revenues within the framework of the large-scale financial reform programs implemented to achieve fiscal discipline and sustainability
 Finance ". 
"The reforms focused on diversifying sources of revenue in Arab oil-exporting countries, expanding the tax base and raising the efficiency of tax collection, as well as achieving justice and tax efficiency in imported Arab countries.
 Oil ".
"The importance of reforms comes in the context of the need to boost public revenues in the Arab countries, especially in the light of the decline in the proceeds of oil revenues beginning in 2014, and the consequent need for more stable tax resources to finance public spending, as well as the need to raise the level of tax burden In the Arab countries (measured by the percentage of tax revenues to GDP in the Arab countries), especially in light of the low tax burden to 8.3 percent in 2018, compared with the global average of 14 percent, which calls for focusing on the development of the tax proceeds but in a supportive framework for justice. 
Social".  
The relative importance of direct taxes on income and profits rose to account for about 40 percent of the total tax revenues in the Arab countries as a group, compared to only 27 percent in 2014, while the relative importance of indirect taxes with less tax justice was reduced as they imposed on sales of goods And services without distinction between taxpayers according to the level of income, which decreased to account for 60 percent of the total structure of tax revenues in 2018 compared to about 73 percent in 
2014.
The limited tax base and the presence of many economic activities and categories outside the tax base greatly affect the ability of Arab countries to achieve fiscal justice, resulting in a limited number of financiers bearing the full tax burden needed to finance spending.
 General.
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  • yota691 changed the title to {The Millions of Arabs} discuss a series of economic reports

{The Millions of Arabs} discuss a series of economic reports

 
Abu Dhabi / Morning follow up
The Permanent Bureau of the Board of Governors of Central Banks and Arab Monetary Institutions will hold its annual meeting next Sunday in the city of Abu Dhabi to prepare for the next forty-third session 
Of the Council.
The meeting will be chaired by the Governor of the Central Bank of Yemen Hafez Fakhir Muayyad, the current chairman of the Board, the Assistant Secretary General for Economic Affairs of the Arab League Secretariat Dr. Kamal Hassan Ali and the Director General of the Arab Monetary Fund Dr. Abdulrahman bin Abdullah Al-Humaidi.
 
Group of reports
The agenda of the meeting, in addition to the report of the secretariat of the Council presented by Al-Humaidi, will include a report on the work of the Arab Banking Supervision Committee, two reports on the work of the Regional Working Group on Enhancing Financial Inclusion in the Arab States and the Financial Stability Working Group in the Arab States, And another on the work of the Arab Committee for Payment and Settlement Systems.
The meeting will discuss the work of the Group of Modern Financial Technologies, established by the Arab Monetary Fund, to study and follow up the developments and applications of modern financial technologies in the Arab region.
It will also discuss a set of working papers prepared by the committees and working groups of the Council, the most important of which are banking supervision of institutions of systemic importance locally, operational risk frameworks and aspects related to cyberspace security prepared by the Arab Banking Supervision Committee.
 
Financial Inclusion
The discussion also includes the topics of digital banking identity and responsible finance - policies, tools and experiences, as well as a report on the activities of the Arab Day for Financial Inclusion prepared by the Regional Task Force for Enhancing Financial Inclusion in Arab Countries. 
The topics of the movements of risky assets and their impact on financial stability, the risks and implications of the encoded currencies on the financial sector, the size of the indebtedness of the family sector in the Arab countries and their impact on financial stability, the indicators of the safety of the corporate sector and the identification of risks and repercussions on the financial sector in the Arab countries prepared by Stability team 
Financial institutions.
Issues covered by the Arab Credit Information Committee include the application of advanced methodologies related to artificial intelligence in the field of credit inquiry, registration systems of funds transferred in the Arab countries, as well as the general principles of credit rating for SMEs: Arab experiences.
 
Currencies
At the Arab Commission for Payment and Settlement Systems, the topics include the use of digital currencies in payment systems, the experience of immediate payments in Arab countries, and the uses of the Balukshin technique in payment processes: prospects and opportunities. The topics covered by the regional working group will include modern financial techniques, including the experiences of collective finance applications in the Arab countries, the techniques of the blocin and the safety of the financial sector.
The agenda will include a number of issues of interest to central banks and Arab monetary institutions, in particular the follow-up to the implementation of the Arab clearing project, as the Arab Monetary Fund intensifies its efforts to establish the regional institution for clearing and settlement of inter-Arab payments.
It is worth mentioning that the project aims to promote Arab intra-Arab investments and trade and the use of Arab currencies. The meeting will discuss the draft issues proposed for inclusion in the unified Arab discourse for 2019 at the annual meetings of the International Monetary Fund and the World Bank scheduled for next October in Washington.
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The assignment of an Iraqi businessman headed by the top two economic institutions in the Arab League

11:31 - 07/07/2019
0
 
  
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Baghdad 
announced the appointment of Engineer Majid al-Saadi to the presidency of the Supreme Council of Arab investors and businessmen of the Arab League and the Council of Arab Economic Unity. 
The Secretary-General of the Council of Economic Unity, Ambassador Mohammed Al-Rabee said in a statement read by Al-Saadi that "Al-Saadi's mandate comes within the framework of the Council of Economic Unity and the Arab League to enhance the work of Arab businessmen and investors and encourage Arab capital to invest in the economies and industries of the Arab countries. And jobs for young people in the fight against poverty, unemployment and terrorism. " 
Al-Saadi said, "Al-Saadi led the Council based on his scientific qualifications, extensive international relations, experience in qualitative investment and development in the Arab world and has a long history in drafting and amending investment laws in many Arab countries."
In turn, Saadi expressed his thanks and appreciation to the Arab League and the Council of Economic Unity for this honor and his desire to be the headquarters of this important council in the capital Baghdad to be a center for attracting investment and contribute to the reconstruction of Iraq and other eligible Arab countries. 
"He will immediately start selecting the board of directors from Arab businessmen and investors to implement the Council's vision of resettling and harnessing Arab money in the development of Arab countries and the welfare of their people. 
Saadi holds a PhD in engineering and is a major Arab investor and currently chairs the Iraqi Business Council in Jordan. Ending / 25

https://www.almaalomah.com/2019/07/07/416111/

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