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

[Butifldrm]

 

Governors of Arab central banks support the empowerment of entrepreneurs

The Board of Governors of Central Banks and Arab Monetary Institutions meets on 27 April each year  

 

 

 

 26 April 2018 12:04 PM

Mubasher: The Board of Governors of Central Banks and Arab Monetary Institutions will be held on April 27 each year, which will be held this year under the theme "Enabling the access of youth and entrepreneurs to financial services".

In a statement received by Mubasher on Thursday, the Council stressed the necessity of integrating all sectors of the society and its sectors into the formal financial system, especially youth, women and entrepreneurs, by enhancing their access and use of financial services and products that are commensurate with their needs with reasonable costs and conditions, And enhance their knowledge and awareness of financial matters so that they can make the right investment decision.

The Council also focuses on the role of central banks, Arab monetary institutions and supervisory bodies in the financial sector in the Arab countries in enhancing financial coverage through the development of laws and legislations aimed at promoting the spread of financial and banking services and developing payment systems and credit inquiries.

In the same context, emphasizes the need to identify gaps and obstacles in both supply and demand and to take measures and policies to address them and stimulate the private sector and financial and banking institutions and related parties to play their role in spreading awareness and financial culture to empower and strengthen the capacities of local communities.

The Council is keen to give the issues of financial inclusion in the Arab countries the importance it deserves. The Council has launched various activities and initiatives in cooperation with the relevant regional and international institutions.

The Arab Monetary Fund, in cooperation with a number of regional and international institutions under the umbrella of the Council, has launched the Regional Initiative for the Enhancement of Financial Inclusion in the Arab Countries (FIARI) with the aim of enabling and enhancing capacities and capabilities to overcome obstacles to improving the indicators of financial inclusion in Arab countries. .

The initiative includes many activities that focus on supporting young people, empowering women financially and encouraging the development of start-ups and entrepreneurs by providing technical advice to develop strategies and policies.

The Council also calls for attention to taking specific steps and measures on the ground that enhance financial inclusion by encouraging innovations for the development of the banking industry, including initiatives such as opening an account for each citizen, providing special financial and banking products and services for youth and women, To bridge the gender gap, and to strengthen the legal environment to protect consumers of financial and banking services and products.

The Council also confirms the follow-up work on the development of modern financial infrastructure, the completion of the rule of legislation and related laws and laws, and the promotion and provision of sophisticated financial products and services to meet the needs of target groups, and use of modern financial techniques in the development of digital financial services and promote its spread in the Arab countries.

https://www.mubasher.info/news/3270895/محافظو-المصارف-المركزية-العربية-يدعمون-تمكين-رواد-الأعمال

[yota691]

Arab interest in financial coverage

28/4/2018 12:00 am  Capitals / follow-up morning Positive effects of enhancing the concept of financial inclusion in societies in support of economies at the level of the state, including meeting the needs of all groups of society and supporting citizens financially, as well as meeting the requirements of savings and loans, financial and banking services, reducing unemployment and empowering young people and entrepreneurs, Enhancing economic and economic recovery. The enhancement of financial inclusion in our Arab countries is of particular interest to policy makers in the light of the great need to support sustainable and comprehensive economic development that helps meet the challenges of unemployment and social justice. Arab World.  Financial coverage is simply that banking services are accessible to all groups of society in an easy, fast and affordable manner without recourse to savings, borrowing, insurance or other informal financial services that are not subject to any supervision or supervision.  The Arab Day for Financial Inclusion aims to contribute to raising awareness and introducing financial comprehension and requirements in Arab countries and related issues, policies and programs.  According to the latest statistics issued by the International Monetary Fund, the size of the informal economy in the Arab world about 65 percent of the total macroeconomic value of 1.8 trillion pounds, equivalent to 102 billion dollars, 44 percent of GDP, which is strongly reflected in small and medium enterprises.  The application of "financial inclusion" requires conducting studies on the available financial services and their suitability to the needs of the various groups of society, as well as the services to be applied in the future. This is what the Arab Monetary Fund (AMF) sought from the Arab Financial Inclusion Meeting yesterday to promote the concept at the international Arab level. The central banks of countries are the main supporters of the application of the principle of "financial inclusion" by establishing rules and legislations to facilitate banking transactions in all their forms and to approve the provision of simplified financial services such as the use of mobile phones in electronic payments. Banks play an important role in achieving the principle of financial inclusion , By attracting groups that do not have banking transactions, by creating new financial products based on savings, insurance and means of payment, not just on lending and financing. In addition to the reduction of unjustified fees and commissions imposed on customers and inappropriate financial services that are paid in exchange for paying customers commissions, as well as taking into account the circumstances of customers and not burdened with loans.  Expanding the application of financial inclusion services requires the establishment of a network of financial service providers' branches and attention, and the establishment of small offices to finance   microenterprises.

[yota691]

Union of Arab Banks and the Central Bank organize a session on internal auditing standards at the headquarters of the Association of Iraqi Banks

 

Banks Economy News Baghdad: The Union of Arab Banks and the Central Bank of Iraq, in cooperation with the Association of Iraqi Private Banks, organized the "Internal Risk-Based Internal Audit in accordance with Internal Auditing Standards", with the participation of 40 trainees working in 26 banks. The director of administration and training in the Association of Private Banks, Ahmed Hashemi, during the opening session, which was attended by "Economy News", "the cycle of internal audit based on risks organized by the Central Bank of Iraq and the Union of Arab banks in cooperation with the Association of Iraqi private banks," adding that " Iraqi private banks and participate 40 trainees working in 26 banks. " He pointed out that "the training courses held at the headquarters of the Association aims to revitalize the Iraqi banking sector through the use of the best technology used in the world," explaining that "the course aims to introduce participants to the risks faced by banking institutions, and to familiarize them with the modern concepts associated with internal audit in accordance with internal auditing standards As well as participants' skills in preparing risk-based audit plans at banks . " Views 20   Date Added 07/05/2018

[yota691]

{Arab Monetary} discusses ways to finance small and medium enterprises

Author: Al-Sabah 09/5/2018 12:00 am Abu Dhabi / Al-Sabah will  conclude next Thursday the "Financing Small and Medium Enterprises according to the Islamic Perspective of Finance" organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Islamic Development Bank, which started last Sunday in Abu Dhabi.  The seminar will discuss a number of important topics, particularly SMEs: definition, scope and needs, identification of financing of these companies, identification of Islamic financing methods for small and medium enterprises, identification and measurement of challenges in financing these enterprises, And a realistic case study in   their development. Abdul Rahman bin Abdullah Al Humaidi, Managing Director and Chairman of the Board of Directors of the Arab Monetary Fund, said: "The importance and pivotal role of small and medium-sized enterprises in the economic growth of emerging and developing economies is significant. , Contributes about 33 percent of GDP and more than half of exports, the job opportunities it creates help raise living standards, and SMEs employ about 70 percent of the labor force. The provision of affordable financing is of critical importance to this sector to grow. To achieve this objective, it is necessary to develop the market infrastructure so as to motivate financial institutions to move towards financing this sector and a profitable return on financing. Small and medium-sized enterprises provide a unique opportunity for financial institutions and provide incentives for these institutions to develop financing products commensurate with their needs, as well as their ability to create jobs.

[yota691]

Human resources development course .. Combating corruption and achieving transparency

14/5/2018 12:00 am   In cooperation with the Union of Arab Banks and the Central Bank of   Baghdad / Hussein Thogb  Human resources represent the starting point for the development of real comprehensive in all economic sectors, and enable advanced systems is very important, to adopt specialized courses development of human resources in a phased manner to receive training easier and then more Developed and then managed by advanced systems.  In this regard, the Association of Iraqi Private Banks has completed an advanced cycle of internal audit of risks in accordance with the requirements of international internal auditing standards, in order to strengthen the financial sector with the necessary expertise and to protect it from all forms of manipulation.  anti-Corruption Spokesman of the Central Bank of Iraq d. Bassem Abdul Hadi said that "the session which is advanced for our experience represents the preparation of international requirements, on combating corruption and enhancing transparency," pointing out that "a great interaction by the banking system with these trends, especially during the last period, which reflected positively banks and their policies."  He pointed out that "there is great cooperation between the Center for Banking Studies in the Central Bank and the Association of Iraqi Private Banks on the development of human resources working in the banking system, and this comes in the context of the vision adopted by the Central Bank to mobilize banking capabilities and keep abreast of the most important global developments in this area."  A solid base Director of Administration and Training in the Association Ahmed Al-Hashem said: "The Association ended an advanced course after it was prepared during the past years, where a solid base of human resources has been established for this matter entitles them to enter these courses.  He pointed out that "the training was done in cooperation with the Union of Arab Banks and the Central Bank of Iraq, and under the supervision of international expertise called for the completion of these exercises and raise the efficiency of our human resources," pointing out that "the creation of local competencies able to enrich dependence on foreign expertise that require significant financial allocations in their call to Work within the country ".  "  Al-Hashemi pointed out that" the Association is working to adopt a training plan to harmonize and strategy of the Central Bank of Iraq aimed at developing the banking sector by fortifying it in a way that makes it able to provide the best banking services that depend regionally and internationally. " He pointed out that "the Iraqi economy in need of a developed financial sector, especially in light of the link of our local economy with international economies willing to work inside Iraq and to find suitable opportunities to enter the Iraqi labor market and the capitalization of its capital and advanced technology, and this requires us to work to raise the efficiency of our human resources Continuously, after monitoring the paths of technology and the latest innovations. " The Association of Private Banks, consisting of 2000 employees in the public and private sector banks and financial transfer companies and the Central Bank of Iraq, during which employees received training on the best international programs and according to their capabilities.  Human resources "Through the evaluation we have a clear picture showing that the trainees are qualified to apply international standards according to methodology and strategy that correspond to the methodology of the Central Bank of Iraq, which stresses the importance of creating human resources capable of developing its internal work and to solve solutions to the problems facing financial institutions.  He pointed out that "the plans of the Association aims to prepare a young generation of banking experts on the foundations and methods of modern financial work in Iraq."

[yota691]

Financial inclusion and economic empowerment

15/5/2018 12:00 am  The   world is concerned today with the adequacy and diversity of data sources for the purpose of measuring the quality of the official financial services provided to different segments of society and access to the most geographical point possible and the possibilities of obtaining access to Official financial services for the population from one country to another.  After the emergence of the global financial crisis in 2007, the interest of countries increased the financial coverage of the implementation of policies through which all groups of society are included in the official financial products and their diversity. There is no system or model of financial coverage that can be universally applied. The countries are now seeking to develop a national strategy for financial coverage in accordance with their own plan and issuing legislation that suits the risks related to financial services. The countries of the world are keen to provide financial services to all individuals for current accounts and payment and transfer services in official ways supervised by the state to ensure quality and safety at low prices. Ensure the rights of individuals and their money and find appropriate ways to manage them and establish a safe environment to encourage investment operations and the construction of technical systems and technical electronic for easy access to accounts and speed of delivery and   legal ways .  Individuals need financial awareness and education in terms of financial inclusion and the definition of financial services to achieve the maximum possible use and the work of studies and research to examine the need of each community and its type of financial services and provide them in the best ways. The Council of Governors of central banks and Arab monetary institutions on April 27 of each year Arab day of inclusiveness Financial institutions to encourage private initiatives of banks and open free accounts for individuals and coordination between banks and community groups such as schools, universities and remote areas and villages to increase the awareness of individuals on the importance of electronic financial services and   benefit from them.  Globally, 69 percent of the population, or about 3.8 billion people, currently have accounts with banks or mobile phone companies. There is still variation, with some countries rising and falling in other countries because of the wide disparity between women and men and between the poor and the rich. An adult who does not have bank accounts in the world, despite the possession of a large number of them mobile phone. In Iraq there is a great interest in financial comprehension and awareness of the dimensions of its impact on society and economic development represented by the Central Bank of Iraq to allocate a week to celebrate and the definition of the term and importance of growth And to provide all banks with the opportunity to advertise and promote their financial services to all individuals for the purpose of competition and to provide the best and create financial awareness among the citizens for the purpose of improving their livelihood and ensure the integrity of financial systems, stability, integrity and consumer protection to promote development  Economic development.

[nannab]

Good evening Yota and DV 

[yota691]

Arab Monetary Fund discusses the development of debt and financial markets

26/6/2018 12:00 am  In a training course in collaboration with the World Bank Abu Dhabi / Morning follow up The "Development of Debt Markets and Infrastructure for Capital Markets in the Arab Countries", organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the World Bank Group, was launched in Abu Dhabi on Sunday. Ibrahim Al-Karasna, Head of Training Programs at the Institute of Economic Policy, said in a speech on behalf of the Director General of the Arab Monetary Fund, Abdulrahman bin Abdullah Al-Humaidi: "The increasing importance of developing public debt management processes, developing local debt markets and upgrading strategies Term and long-term debt management in the light of the growing funding needs of Arab countries and the need to develop a framework for fiscal policy, which ultimately aims at increasing the efficiency of both revenues and expenditure. Directly on the macroeconomic policies pursued by the State and affect the integrity and stability of its financial system. The training course focuses on the fundamentals of setting clear and quantitative targets for debt indicators and the mechanism of coordination between the authorities based on managing public debt operations, taking into account the institutional framework for public debt management from analysis and data recording, debt portfolio risk analysis, Which may face the government, and the preparation of a clear strategy to manage the public debt system, which leads to attracting foreign investment in light of the availability of the necessary infrastructure and thus reduce the cost of lending and facilitate the financing of investment opportunities, which leads to the improvement of economic activity And growth. "The course aims at informing the participants about the basics of effective debt management so that the overall framework of debt management policies takes into consideration transparency and coordination among the relevant authorities, the principles of governance, disclosure and availability of information for dissemination, analysis of cost and risk components, development of local markets and interaction. with market trends and indicators of economic performance.  He discussed topics related to the session in the framework of the financial sustainability of the situation as it will be the focus of the session on the relationship between public debt management and macroeconomic policies on the one hand, and the development of markets Local religion on the one hand   again. As well as the development of debt and infrastructure markets, the role of Islamic bonds in financing, and the regulatory framework for public debt management. The course will also discuss how to prepare the country's public debt management strategy with its cost components With a review of some of the experiences of our Arab countries and countries of the world, in addition to practical training in the preparation of the medium-term strategy for public debt.  The course also sheds light on the requirements of developing an active market for government securities in terms of regulating the issuance of government securities with different terms to form a reference yield curve, taking into consideration the diversity of the financial instruments offered and the investor base, enhancing the role of market makers, . This also includes supporting communication with investors and market participants.

[yota691]

«Arab Monetary» establishes the Arab clearing system

30/8/2018 12:00 am   Abu Dhabi / The morning follow-up  started from the headquarters of the Arab Monetary Fund in the city of Abu Dhabi in the UAE phase of implementation of the Arab clearing system, which was established by the decision of the Board of Governors of the Fund, based on the decision of the Council of Governors of central banks and Arab Monetary institutions, which called for the establishment of an entity to follow the Arab Monetary Fund, Clearing and settlement of inter-Arab payments.  "On this occasion, a consultancy contract was signed with Booz Allen Hamilton, under which the company will provide technical advice to the Fund to help complete the requirements of the implementation stage, and to start the Arab clearing system to provide its services," said a statement by the Arab Monetary Fund   . "The Arab clearing system aims at enhancing the use of the Arab currencies in clearing and settling Arab inter-payments, in addition to major international currencies, which helps to reduce the time and cost of clearing Arab financial transactions and enhancing Arab investments and trade."   He pointed out that "the system seeks to link with the payment systems of the main trading partners of the Arab countries   Also will work on the development of clearing and settlement of small payments to contribute to enhance financial coverage in the Arab countries, as well as study the possibility of providing securities clearing and settlement services between Arab countries in order to support the linking of Arab capital markets and enhance opportunities for regional financial integration   . " It should be noted that the Fund cooperates in the implementation phase with central banks and Arab monetary institutions, and with international financial institutions such as the IMF, the World Bank and the Bank for International Settlements. It also communicates with Arab financial and banking institutions as well as a number of strategic partners from financial and technical institutions. In this context, the Fund continues to work with the central banks of the Arab trading partners. The statement was issued by the Director General and Chairman of the Board of Directors of the Arab Monetary Fund. Abdulrahman bin Abdullah Al-Humaidi, said: "The contract with Booz Allen Hamilton is a continuation of the design phase. The company has provided consultancy services in its preparation, expressing confidence in the capabilities of the company to provide the required expertise to help in the success of implementation. A partnership with all parties, parties and institutions in the Arab region and the world, to contribute to the establishment of the Arab clearing system and to provide innovative services and products with high efficiency and cost appropriate.  He also praised the support provided by the Board of Governors of the Central Banks and Arab Monetary Institutions for this project. He also praised the support and support provided by the authorities in the UAE and their keenness to provide all the necessary inputs to complete the establishment of the system and its services.

[6ly410]

Wow thanks yota 

[yota691]

3 minutes ago, 6ly410 said:

Wow

This has Iraq reconstruction all over it..beside the overall intertwine..I see Iraq bonds as well, the ones that fluctuate and are traded...IMO..evening DV... 

[nannab]

🤞 

[yota691]

A workshop to discuss the supervision of Islamic banks

06/9/2018 12:00 am  Concluded its work in the Arab Monetary Fund yesterday Abu Dhabi / Morning follow up The "Facilitating the Application of Standards by the Islamic Services Council", organized by the Institute for Economic Policy in the Arab Monetary Fund (AMF) in cooperation with the Islamic Financial Services Council (IFSF), was concluded yesterday in Abu Dhabi City, which opened last Sunday. "The workshop was held to shed light on the most important elements in the supervision of Islamic banks, particularly the implementation of the latest developments on capital adequacy standards, as well as the basic principles of supervision of banks issued by the Islamic Financial Services Council, as well as the experiences of the Arab countries," the statement said. In this regard whether those whose banking system operates in full accordance with the principles of Islamic law or where Islamic banks operate alongside traditional banking institutions. " Islamic Banking Industry "The Islamic banking industry has witnessed rapid progress around the world, not only in Islamic countries, but also in emerging markets and advanced markets," said Abdulrahman bin Abdullah Al-Humaidi, Director of the Institute of Economic Policy. The industry has not only increased the volume of business and the number of enterprises, but also introduced a variety of products and services as well as the development of the legislative and regulatory structure. "  "The Islamic banking industry has increased significantly and has become an important market share in many of the countries in which it operates. For example, the assets of Islamic banks account for about 25 percent of the total assets of the banking sector in the GCC." Islamic banking assets have grown 15 percent annually over the past two decades. Frameworks of precautionary policies "The global financial crisis of 2008 showed the importance of prudential policy frameworks that ensure the stability of the financial sector by focusing on assessing the risks faced by the financial sector and the ability to resolve crises," Al-Humaidi said.  He pointed out that "the increasing trend of the integration of the Islamic banking industry in the global financial system requires that the regulatory authorities consider their regulatory frameworks and development in accordance with changes in the global financial environment and international supervisory standards." The strength of the financial sector It is worth mentioning that the International Monetary Fund recently adopted the standards issued by the Islamic Financial Services Council as a framework for evaluating the robustness of the financial sector along with the criteria in which traditional banks are evaluated. To maintain the integrity and durability of these banks and thus maintain financial stability; and to see the compatibility of control frameworks on Islamic banks with those related to conventional banks, taking into account the nature of the work of Islamic banks.  The workshop discussed a number of key themes, including the Islamic Financial Services Council standard No. 17 on the basic principles of Islamic banking supervision, the Islamic capital adequacy standard for Islamic banks, and the topic of liquidity management at Islamic banks.

[yota691]

A roundtable discussing the growth of modern financial techniques

18/9/2018 12:00 am  Baghdad / Follow-up morning Today, Tuesday, in Amman, Jordan, the high-level round table on the growth of modern financial technologies: opportunities and challenges for Arab countries, to be inaugurated by Governor of the Central Bank of Jordan Ziad Fariz with the participation of the Director General and Chairman of the Arab Monetary Fund Abdulrahman bin Abdullah  Hamidi.  "The discussion will focus on following up the use of financial techniques to address the repercussions of correspondent banking procedures, thus supporting the opportunities for financial inclusion, and discussing the appropriate tools for supervision and supervision, in view of the large disparities in the nature of the technologies, the lack of clarity in the tools available, As well as the challenges facing the central banks in terms of digital currencies, the appropriateness of issuing currencies, the conditions and implications for monetary policy and payment systems, as well as discussing the requirements of effective management to address the electronic threats in the financial and banking sector   . The Chairman of the Board of Directors of the Arab Monetary Fund, Abdulrahman Al-Humaidi, stressed the importance of the issues and issues dealt with in the round table, noting the opportunities and challenges of the modern financial technologies of the financial and banking sector, stressing the need for concerted efforts of the concerned authorities and central banks around the world and cooperation among them. And with the international frameworks   concerned "   He pointed out that" the occasion of the round table comes to enhance the exchange of experiences and expertise in the development of regulatory controls and regulatory services and solutions of modern financial techniques under different laws and legislation, The interest of central banks and monetary institutions in the Arab subjects of financial techniques. The event will be held in the presence of the governors of central banks and Arab monetary institutions and a number of senior officials of the International Monetary Fund, the European Central Bank, the Central Bank of Finland, the Monetary Authority of Singapore, the Global Alliance for Financial Inclusion, the Union of Arab Banks, a number of heads of Arab commercial banks, From various regional and international financial institutions and frameworks, as well as a number of leading private sector institutions in the field of modern financial techniques.

[Butifldrm]

Information / Baghdad ..

The head of the Jordan Chamber of Industry, Adnan Abu Ragheb, said on Wednesday that the Iraqi market is a "strategic depth" for the Jordanian national industry, indicating that the industrial sector is waiting and waiting for a decision by the Iraqi authorities to implement the exemption of Jordanian products from customs duties.

"The industrial sector is waiting and waiting for a decision by the Iraqi authorities to implement the exemption of Jordanian products from customs duties, which was adopted at the end of 2016 and has not been implemented until now," Abu Ragheb said in an interview with the Jordanian daily al-Ghad.

Abu Ragheb called on the government to "intensify communication with the Iraqi authorities in order to resolve this file, which gives the advantage and ability of national products in the competition within the Iraqi market." He pointed out that "the Iraqi market is one of the main markets for the national industry, By geographical proximity and the ability to meet the needs of this market. "

He explained that "the national industry needs the Iraqi market, which is strategic depth and an important trading partner in the current circumstances in the countries of the region and led to the closure of traditional markets important," noting that "the existence of continuous private sector in both countries, but that There is a need to activate the decision to exempt national products to increase cooperation and export to the Iraqi market. " Ending / 25

http://www.almaalomah.com/2018/09/19/346233/

[yota691]

How does the Arab Monetary Fund predict inflation in Arab countries?

 

Inflation in the Arab States

 23 September 2018 03:12 PM

From: Inas Bahgat

Mubasher: A recent report issued by the Arab Monetary Fund, on Sunday, that there are several factors depends on the rate of inflation in the Arab countries during the coming period.

The latest report on the fund, which Mubasher received a copy, revealed that the most prominent of these factors are taxes imposed, economic reforms, as well as international oil prices.

 GCC countries saw a rise in the first five months of the year as a result of taxes such as value added and selectivity.

According to the Arab Monetary Fund (AMF) report on Sunday, the inflation rate of 3% is expected to end in 2018, while in 2011 it will fall to 1% in the GCC.

As for inflation expectations in all Arab countries during 2018 and 2019, the price level is expected to be affected by a number of internal and external factors.

At the domestic level, the inflation rate is expected to be affected by high aggregate demand levels and by the continued action taken by some countries to reform support systems.

Inflation rates in the Arab countries will be affected by taxes and government fees, as well as commodity imports, the report said.

Inflation has also been affected by some upward trends in oil prices since the beginning of 2018.

During the first half of this year, the oil markets witnessed a significant rise, ending the mid-term basket with a rise of $ 18.2, compared to the average of the first half of 2017, up 36.3%.

The price of oil at the end of June 2018 to 72.22 dollars per barrel, which represents the highest level of oil prices in 3 years ago.

Arab inflation is expected to reach 11.4% in 2018.

Inflation in Arab countries is likely to decline in 2019, to 8.3%.

In detail, for the Arab countries exporting oil, the inflation rate is expected to be about 7.6% in 2018, compared to 5.7% in 2017.

On the outlook for 2019, inflation is likely to reach about 6% in that group.

Saudi Arabia ended the first half of 2018, with an inflation rate of 2.9%, as a result of the introduction of VAT and the reform of the prices of energy products.

The Arab Monetary Fund (AMF) is expected to reach 2.9% by the end of this year, as a result of curbing inflation following a number of simultaneous economic reforms with the tax and oil prices.

As for the UAE, inflation is expected to reach 3.5% in 2018 due to value added tax and selectivity, compared to a decline of 2.5% next year.

Kuwait is expected to witness  3.1% inflation by the end of this year, reaching 2.5% in 2019.

In Bahrain , inflation is expected to reach 2.2% by the end of 2018 and by 3.5% by 2019.

The report focuses on rising inflation in Bahrain as a result of government measures due to Bahrain's current economic crisis, as well as selective taxation and added value.

In Oman , inflation is expected to reach 2% by the end of 2018.

But is likely to rise to 3% by 2019, as a result of government policies to reduce levels of community support

As for Qatar, due to the rise in international oil prices, Qatar's inflation is expected to reach 4.8% by the end of 2018, but will decline in 2019 to 2%.

In Egypt, as the Egyptian government continues to take action to reform its subsidy systems, particularly energy products, inflation is expected to reach 18% by the end of 2018. In Egypt,

By 2019, the Egyptian inflation rate will reach 13.5%.

[Butifldrm]

   

Iraq's economy expected to rise 4 percent in 2019

   

25/9/2018 12:00 am 
 

Baghdad / Follow-up morning 
A recent report issued by the Arab Monetary Fund, that there are many factors that are expected to affect the prospects for economic growth in Iraq beginning in 2019, the most important of which continues to improve the internal conditions, which enhances the levels of economic activity in the non-oil sector, While the oil sector will benefit from the expected increase in production quantities beginning next year, which will enable commitment to future development projects of international 
oil fields  . Growth rates between the report seen by the "morning" that the Iraqi economy is expected to achieve a growth rate of 1 percent this year and the next year to a range of 4 percent, supported by increases in oil production and the pace of improvement of internal conditions.

The general level of prices rose by 0.7 percent during the month of May compared to the same month of the previous year due to high prices of tobacco, clothing, footwear, health, transportation, education and miscellaneous goods and services. Inflation expectations for inflation forecasts for 2018 and 2019 are expected to reach 1.7 percent and 1.8 percent in 2019. "The year 2018 is expected to end with an inflation rate of 3 percent, while declining in 2019 To 1 percent in the GCC. " As for inflation expectations in the Arab countries during 2018 and 2019, the general price level is expected to be affected by several internal and external factors. At the internal level of the Arab countries, the inflation rate is expected to be affected by high aggregate demand levels and by the continued action taken by some countries to reform the support systems.

Taxes and fees , the 
report added that the inflation rates in the Arab countries is affected by the imposition of taxes and raise government fees, as well as commodity imports, is also affected by some bullish trends in oil prices since the beginning of the year 2018. 
The oil markets have seen significant gains during the first half of this year, which ended The mid-term basket rose by $ 18.2, compared with the average price recorded in the first half of 2017, up 36.3 percent. 
The price of oil at the end of June 2018 to 72.22 dollars a barrel, which represents the highest level of oil prices in 3 years ago. The inflation rate is expected to be about 11.4 percent in 2018; inflation in Arab countries is likely to decline in 2019 to 8.3 percent. Oil exporters

In detail, for Arab oil exporters, inflation is expected to reach 7.6 percent in 2018, from 5.7 percent in 2017. In the 2019 forecast, inflation is likely to reach about 6 percent in that group. 
Saudi Arabia ended the first half of 2018 with an inflation rate of 2.9 percent as a result of the introduction of VAT and the reform of energy products prices. The Arab Monetary Fund is expected to reach 2.9 percent by the end of this year as a result of curbing inflation following a number of simultaneous economic reforms with the tax and oil prices. 
In the UAE, inflation is expected to reach 3.5 percent in 2018 due to value added tax and selectivity, compared with a drop of 2.5 percent next year.
Kuwait is expected to witness inflation of 3.1 percent by the end of this year, to reach 2.5 
percent in 2019  . In Bahrain, the inflation rate is expected to reach 2.2 percent by the end of 2018 and by 3.5 percent by 2019. 
The report focuses on rising inflation in Bahrain as a result of government measures due to the current economic crisis in Bahrain, as well as selective taxation and value added. 
In Oman, inflation is expected to reach 2 percent by the end of 2018. 
However, it is likely to rise to 3 percent by 2019 as a result of government policies to lower levels of support in society.

http://www.alsabaah.iq/ArticleShow.aspx?ID=163639

[yota691]

The decisions of the central banks in the Gulf tops the most important Arab economic events ... Wednesday

Arab economy

 27 September 2018 12:03 p

From: Mustafa Reda

Mubasher: The decisions of the central banks in the Gulf countries, the most important economic events in Arab countries throughout the day, Wednesday, especially after a new interest rate hike in the United States .

Central Banks in the Gulf

The largest central bank in the Gulf region has moved to raise interest rates after the Federal Reserve's decision to increase the interest rate for the third time this year by 0.25% to between 2% and 2.25 %.

It decided m institution of the Arab Monetary "SAMA"  raise the repurchase agreements and reverse repo by 25 basis points agreements, following the decision of the US central .

The Bank of Bahrain also recognized the "immediate effect" of increasing the basic interest rate on deposits per week from 2.25% to 2.50 %.

The Central Bank of the UAE has announced a 25 basis point increase in the interest rate applicable to its certificates of deposit as of Thursday 27 September .

While the Central Bank of Kuwait announced the stabilization of the discount rate , despite the decision of the US Federal Reserve to raise the interest rate .

A report prepared by Mubasher for expert opinion said that most of the central banks in the Gulf willraise interest rates on the impact of the expected decision by the Federal Reserve on Wednesday evening .

In Saudi Arabia, one of the most prominent economic events in the Kingdom was the launch of the "Amala" project as a global tourism tourism destination, with preliminary details of the project being highlighted through an illustrative infograph  .

The main events in the Kingdom also included official data showing that the prices of iron in Saudi Arabia continued to rise during August, with the decline of cement ore .

The UAE's leading real estate news agency reported real estate transactions in the Dubai Land Department registering more than AED 681 million, and NASDAQ Dubai announced the listing of four multi-currency Sukuks and Sukuks from DP World .

JPMorgan's report today said that Saudi Arabia, Qatar, the UAE, Bahrain and Kuwait would be eligible to enter their emerging market bond indices on key  economic events in Kuwait .

The most important events in Qatar included Amnesty International's discovery that an engineering company involved in the construction of the infrastructure for the 2022 World Cup was taking advantage of the sponsorship system prevailing in Qatar to exploit dozens of foreign workers and the cabinet meeting .

In Egypt , the Ministry of Finance confirmed that there were no new increases in the local or foreign cigarette tax, while Major General Mhaib Mamesh said that Egypt had achieved 3.4 billion pounds as the return of economic settlements to the Suez Canal .

On the land of Iraq , the Ministry of Oil, the resumption of oil production from the Qayara field in the province of Nineveh at 30 barrels per day, and revealed the Iraqi oil marketing company "Sumo", the study of the acquisition of tanks to store oil in Asia and discussions on more profit sharing agreements .

In Morocco, official data showed the employment of a surplus of treasury funds amounting to 2.6 billion dirhams. On the other hand, the central bank forecast that the inflation rate will drop to 1.2% in 2019 .

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Arab Housing and Construction Council discusses suppor t for reconstruction of affected areas

 

Emaar Construction Economy News _ Baghdad The Advisory Committee of the Council of Arab Housing and Construction Ministers in the Arab League has added an item to support the reconstruction of the affected areas of Dahesh.  "Iraq presented a proposal at the 64th meeting of the Scientific Technical Advisory Committee of the Council of Arab Ministers of Housing and Construction to add a permanent item on the technical support needed for reconstruction," Undersecretary of Housing and Urban Development Istbek Ibrahim al-Shawk told the official Al-Sabah newspaper. Areas that have been damaged by a preacher. "  He added thorns, "The Arab countries responded to our demand and understood the situation of Iraq and the need required," revealing at the same time "the presence of 16 thousand housing units in Mosul need support from Arab companies." On Monday, the committee began its work at the level of senior officials and representatives of the ministries of housing and construction in the Arab countries, which will last for three days.  Views 150   Date Added 10/09/2018

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Minister of Finance heads the Kingdom's delegation in the annual meetings of the IMF and the World Bank for the year 2018 and the meeting of finance ministers and governors of the central banks of the Group of Twenty

Wednesday, 1440/2/1 H corresponding to 2018/10/10 SPA

 

 

Riyadh, 01 October 1440H, corresponding to 10 October 2018 The 
Minister of Finance, Mr. Mohammed bin Abdullah Al Jadaan, will preside over the Kingdom's delegation to the annual meetings of the International Monetary Fund and World Bank, to be held in Bali, Indonesia, on 11-14 October 2018. The delegation includes the Minister of Economy and Planning, Mr. Mohammed Bin Mezid Al Tuwaijri, the Governor of the Saudi Arabian Monetary Agency, Dr. Ahmed Bin Abdul Kareem Al Khulaifi, and the Vice President and Managing Director of the Saudi Fund for Development, Dr. Khalid Bin Sulaiman Al Khudairy.
The committee will discuss the developments in the global economy, the economic risks facing global economic growth, cooperation in the field of fiscal and monetary policies to reduce these risks. He will also lead the Kingdom's delegation to the meeting of the Development Committee of the International Monetary Fund To discuss a number of topics, including the Human Capital Project, the Bali Financial Technology Agenda, and debt in emerging and low-income countries. 
The G20 finance ministers and central bank governors will meet on the sidelines of these meetings to review the latest developments in the global economy, ensure the flexibility of the international financial architecture, and finance infrastructure.
On the other hand, the Minister of Finance, Mr. Mohammed Bin Abdullah Al-Jadaan, will participate in the joint meeting of the Director General of the International Monetary Fund with the Governors of the MENA countries and the meeting of the President of the World Bank with the Governors of the Arab States to discuss the Bank's relationship with the countries of the region. 
The Kingdom's participation in these meetings is to continue its active and constructive role in the global economy and contribute to the formulation of the international financial agenda. 

 

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The Arab Monetary Fund delegation arrives in Baghdad




 

A delegation from the Arab Monetary Fund (AMF) arrived in Baghdad on Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that a delegation from the Arab Monetary Fund headed by the President of the Fund Abdul Rahman Al-Humaidi arrived Saturday morning to Baghdad to discuss bilateral relations.

He stressed that one of the main objectives of this visit is to "promote the concepts of financial inclusion in Iraq and discuss ways to develop it and raise its rate to more than 22.6%."

"The delegation will discuss the development of banking relations with Iraqi banks and will meet with the Governor of the Central Bank of Iraq, Ali Alaq, and the Association of Iraqi private banks."

He pointed out that the visit of the delegation will take a full week, and will be interspersed with bilateral meetings on the advancement of the Iraqi banking sector.

 

http://economy-news.net/content.php?id=14049

[yota691]

The Arab Monetary Fund delegation arrives in Baghdad

 

Logo of the Arab Monetary Fund

Banks Economy News Baghdad A delegation from the Arab Monetary Fund (AMF) arrived in Baghdad on Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi. The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that a delegation from the Arab Monetary Fund headed by the President of the Fund Abdul Rahman Al-Humaidi arrived Saturday morning to Baghdad to discuss bilateral relations. He stressed that one of the main objectives of this visit is to "promote the concepts of financial inclusion in Iraq and discuss ways to develop it and raise its rate to more than 22.6%." "The delegation will discuss the development of banking relations with Iraqi banks and will meet with the Governor of the Central Bank of Iraq, Ali Alaq, and the Association of Iraqi private banks." He pointed out that the visit of the delegation will take a full week, and will be interspersed with bilateral meetings on the advancement of the Iraqi banking sector. Views 196   Date Added 20/10/2018

[yota691]

Learn about the percentage of Arab countries' contributions to the global total output by 2017

From: Mustafa Reda

Mubasher: A recent report of the World Economic Forum reported the percentage of Arab countries' participation in the world gross domestic product by 2017, identifying the most prominent changes to the centers of the world's largest economies.

The World Economic Forum's report issued on October 15 noted that, according to World Bank estimates, global gross domestic product (GDP) was about $ 80 trillion by 2017.

Saudi Arabia enters the list of major changes

The report pointed out that Saudi Arabia was one of the most prominent changes in terms of participation in GDP during the year before last.

The World Economic Forum said that Saudi Arabia jumped to the top of Switzerland, ranking 19th among the world's largest economies.

Saudi Arabia's participation in world gross domestic product (GDP) in 2017 was about $ 0.68 trillion, equivalent to 0.86% of world GDP, the report said.

The report added that Turkey surpassed the Netherlands to become the 17th largest economy in the world. Brazil, despite its recent economic predicament, surpassed Italy and occupied eighth place, also one of the most important changes in the world economy in 2017.

Arabic Posts

According to the report, the United Arab Emirates contributed about $ 0.38 trillion to the world GDP, representing 0.48% of the global economy.

Egypt also participated in the global economy during the previous year with a value of $ 0.24 trillion, equivalent to 0.3% of the world GDP.

At the global level

Globally, the top 10 economies in the world, with US exports of $ 19.39 trillion, accounting for 24.4% of world GDP, are as follows:

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Economy News Baghdad

 

http://economy-news.net/content.php?id=14049

A delegation from the Arab Monetary Fund (AMF) arrived in Baghdad on Saturday under the chairmanship of the Saudi President, Abdul Rahman Al-Humaidi.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that a delegation from the Arab Monetary Fund headed by the President of the Fund Abdul Rahman Al-Humaidi arrived Saturday morning to Baghdad to discuss bilateral relations.

He stressed that one of the main objectives of this visit is to "promote the concepts of financial inclusion in Iraq and discuss ways to develop it and raise its rate to more than 22.6%."

"The delegation will discuss the development of banking relations with Iraqi banks and will meet with the Governor of the Central Bank of Iraq, Ali Alaq, and the Association of Iraqi private banks."

He pointed out that the visit of the delegation will take a full week, and will be interspersed with bilateral meetings on the advancement of the Iraqi banking sector

[Butifldrm]

Joint talks between Iraq and Arab criticism on financial inclusion

11:20 - 21/10/2018

0

 

  

Information / Baghdad ..

An informed source said on Sunday that a joint meeting between the Central Bank of Iraq and the Arab Monetary Fund to discuss the financial coverage.

The source said for / information /, "A joint meeting was held, this morning, between the Arab Monetary Fund, the Central Bank of Iraq and the Association of Iraqi private banks and the Ministry of Finance."

The source added that "the meeting focuses on the issue of financial inclusion." Ending / 25

https://www.almaalomah.com/2018/10/21/356438/