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Kuwait Roundtable: Looking to Recovery Advertisement Kuwaiti banks provided crucial support through the Covid-19 crisis and will play just as important a role in nursing the nation back to full economic health. Top executives from seven of the nation’s leading financial institutions discuss the past year and look ahead to the future. May 06, 2021 Global Finance: A year after the pandemic, Kuwait is still experiencing partial lockdowns, travel bans and mandatory institutional quarantining. Vaccines are becoming available but have not yet reached a large percentage of the population. How has the pandemic impacted Kuwait’s economy and banks? When do you anticipate recovery to take place in earnest? Which sectors of the economy will be permanently advantaged or damaged? ....
Buna aims to encourage the use of Arab currencies in cross-border settlement and clearance transactions. Owned by Arab Monetary Fund (AMF), Buna settles cross-borders payments in multiple currencies. It can currently be done using dirham, Egypt s pound and the Saudi riyal. Buna already has a network of participant banks, and the Monday transaction marks the completion of the phased go-live approach. We are looking forward to continuing growing our network of participants and currencies, said Dr. Abdulrahman A. Al Hamidy, Director-General and Chairman of the Board of Arab Monetary Fund. Our focus will always be to offer modern payment solutions, across the Arab region and beyond, within the highest standards of information security and in compliance with international standards. ....
«المشاط»: 2021 عام تضمين القطاع الخاص في نقاشاتنا مع شركاء التنمية akhbarelyom.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from akhbarelyom.com Daily Mail and Mail on Sunday newspapers.
Build a presence Adding the Riyal represents additional solid proof of the added value that our multi-currency platform can bring not only at regional level, but to the global payment industry, said Dr. Abdulrahman A. Al Hamidy, Director-General and Chairman of the Board of Arab Monetary Fund. We are on the right track to realize our strategic goal of adding key currencies to our platform in a consistent and sustainable pattern. “The long-term value that we are bringing to the payment industry in this part of the world is not limited to our diversified and agile payment system. The region needs a multi-currency and centralized platform that can offer modern payment solutions that comply with international standards in a safe, cost- effective, risk-controlled and transparent environment . ....