Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of Arab countries’ GDP
Latest in Highlight
Arab economies likely to grow by 2.5% in 2019, 3% in 2020, says AEO report
These projects have positive repercussions on improving financial inclusion and enhancing financial, economic, and social stability. SMEs account for more than 95% of total enterprises in the vast majority of the world and contributing 33% to the GDP of developing economies.
In our view the AU leaders should also use their meeting to reinvigorate their efforts to create an African Monetary Fund (AMF).
We totally support such proposals, waiting for suggestions to consider them in ministry’s plans, says Education Ministry
The loan is worth $243m with an interest rate of 1.2% and 0.25% service fee, says El Araby
Total value of AMF’s financial assistance to Egypt amounts to $1.6bn
Delegation includes Minister of Finance Al-Morsi Hegazy and Central Bank of Egypt Governor Hesham Ramez