9 Hrs
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المصدر
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Governor Opens Arab Forum
Hassan Abdalla, Governor of the Central Bank of Egypt, opened the 49th annual conference of the Arab Federation of Financial Markets Traders on Friday. Held in Egypt from November 5 to 7 under the Central Bank’s patronage, the conference coincides with meetings of the International Association of Traders. Abdalla noted that foreign-exchange reserves had reached a record $57.50 billion at the end of October and that inflation had declined. He reaffirmed the Bank’s commitment to financial stability and a flexible exchange rate, and said it was adopting artificial intelligence within frameworks for risk management and cybersecurity. About 500 people are attending, including representatives of delegations from 40 countries. Sessions will cover the global economy, sovereign debt, investment opportunities, artificial intelligence and digital assets.
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