The United Arab Emirates accounts for about 47.3% of the share of Arab exchange companies, according to the latest statistics from the Arab Monetary Fund.
The Fund said that the assets of the banking sector in Arab countries reached about 4.7 billion dollars in 2023, with a slight growth of 0.02% compared to 2022.
The capital of the exchange companies sector in Arab countries rose to about $2.9 billion at the end of last year, with a growth of 3.6%, compared to about $2.8 billion in 2022.
The Arab Monetary Fund pointed out that the sector of exchange companies is considered an important sector in the Arab countries, as it plays an active role in economies by meeting local needs for foreign currencies for various economic transactions, as well as role in moving money. by residents abroad to their families in their country of origin.
The Arab Monetary Fund said that the rate of return on assets at Arab exchange companies reached an average of around 3.1% at the end of 2023.
2024-10-03 06:56:59
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