Financial and Banking News
AMF Approves Inter-Arab Trade Program
The Arab Monetary Fund (AMF) has approved a $500mn program to financeinter-Arab trade exchanges, according Dr. 'Abd Allah al-Kuwaiz, the AMF DirectorGeneral. The program begins next March and will include all commodities exceptcrude oil. 50% of the capital will come from the AMF, while the other half is tocome from member states, financial institutions, non-governmental bodies andjoint...