Financial and Banking News


AMF Appoints New President, Shelves Capital Increase

The Abu-Dhabi-based Arab Monetary Fund (AMF) has appointed Dr. 'Abd Allah Ibrahim al-Ouwaiz as its new President and Chairman of the Board of Executive Directors. Dr. Ouwaiz replaces Mr. Sa'id Ahmad Ghobash, who declined to be nominated for a second five-year term at the AMF's recent board meeting in Casablanca. Dr. Ouwaiz is a Saudi citizen and was formerly the Assistant Secretary...