The increase in losses is forcing banks to leverage cutting-edge technologies to detect and analyse fraudulent transactions
The agreement is aimed at bettering the payment-systems infrastructure, financial inclusion and regulatory framework in Egypt
According to the Arab Monetary Fund, the market value of the Abu Dhabi Securities Exchange reached $714.6bn by the end of last year
The two organisations will coordinate efforts to deal with issues related to the development of the financial and microfinance sectors
According to the AMF’s outlook, Arab countries are expected to face relatively high inflation rates in 2022 due to local and global inflationary pressures
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
According to AMF, the inflation rate for Arab countries as a group is expected to rise to 7.5 per cent in 2022, and decrease to 7 per cent in 2023