Financial and Banking News


Al-Hamad Elected as Chairman of Arab Fund 

The Governing Board of the Arab Fund for Economic and Social Development (AFESD) on 9 July elected Mr. Abdul Latif al-Hamad as Chairman of the Board and Managing Director of the Fund. Mr. al-Hamad, a former Head of the Kuwait Fund for Arab Economic Development and Kuwaiti Finance Minister, replaces Dr. Muhammad 'Imady, who has been appointed Syrian Minister of Economy. The election took place during...