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In 1982, the Arab Monetary Fund funded and supervised the launch of Investcorp. Nemir Kirdar was transferred from Chase, where he advised the AMF, to Abu Dhabi to develop the new fund. Omar Aggad was the first investor in this fund. [1] Still in 1982, the AMF inaugurated the Arab Monetary Fund building in Abu Dhabi. [2]
Arab Monetary Fund; Arab Organization for Industrialization; Council of Arab Economic Unity; Greater Arab Free Trade Area – a treaty made by several Arab countries to make an Arab Common Market. The treaty was signed in 1997. Gulf Cooperation Council – a minor Arab organization, concerned with economic cooperation, It includes all Arab ...
Arab Industrial Development, Standardization and Mining Organization; Arab Knowledge and Management Society; Arab Labor Organization; Arab Liberal Federation; Arab Maghreb Union; Arab Minifootball Federation; Arab Monetary Fund; Arab Nationalist Movement; Arab Organization for Industrialization; Arab Scout Region (World Organization of the ...
The Arab Fund for Economic and Social Development (AFESD) is a Kuwait-based pan-Arab development finance institution. All member-states of the Arab League are members of the AFESD. As of 2003, it held around US$7.3 billion in assets. The AFESD was established by agreement of the Economic and Social Council of the Arab League. Its first meeting ...
1985 - 1991 – Board directors, The Union of Arab and French Banks (UBAF), France. 1985 - 1990 – Chairman of the board of directors and CEO of Yemen Bank for Reconstruction & Development. 1983 - 1985 – Executive Director of Arab Monetary Fund (AMF), Abu Dhabi. 1980 - 1983 – Director of the Office of the Prime Minister of Yemen.
Very active to promote the interests of Third World nations in the International Monetary Fund he was one of the three founders [6] [7] of the Group of 24 (G-24) in 1971. He represented Algeria at the Arab Monetary Fund and collaborated as an expert with international organizations like UNCTAD and UNDP.
The Central Bank of the UAE has powers to issue and manage the currency; to ensure the stability of the currency; to manage the UAE's credit policy; to develop and oversee the banking system in the UAE; to act as the Government's banker; to provide monetary and financial support to the Government; to manage the UAE's gold and currency reserves ...
The establishment of the Economic Council of the Arab League under the terms of the Joint Defence and Economic Co-operation Treaty (1950) was the fulfilment of the promise made in articles II and IV of the Arab League's Charter (1945), which required the establishment of a council to co-ordinate close co-operation of member-states in economic affairs.