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Arab Monetary Fund Releases Fintech Index, a Measure of Financial Tech Adoption in Middle East The Arab Monetary Fund, which aims to establish policies of Arab monetary cooperation and promote the development of Arab financial markets, has launched “Finxar,” which is a regional Fintech index for tracking the development of the financial technology industry in Arab nations. The United Arab Emirates (UAE) is at the top of the list of Arab countries in the general index, “with an average of 75 percent,” according to a release. As explained in the announcement, the index aims to reflect the “interest” and “efforts” of the Arab authorities during the past year towards “improving opportunities for the growth and employment of financial technologies and the improvement of the digital financial services environment.”

Saudi arabiaUnited arab emiratesKingdom of saudi arabiaKingdom of bahrainRepublic of tunisiaArab republic of egyptAbdulrahmana al hamidyArab monetary fundArab dayFinancial inclusionModern financial technologiesArab countriesGeneral indexArab republicDirector generalசவுதி அரேபியா