The United Arab Emirates accounts for about 47.3% of the Arab exchange companies sector, according to the latest statistics of the Arab Monetary Fund.
The Fund said that the assets/assets/of the exchange sector in the Arab countries reached about $4.7 billion 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, a growth of 3.6% compared to about $2.8 billion in 2022.
The Arab Monetary Fund indicated that the exchange companies sector 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 a variety of economic transactions, in addition to its role in transferring money by residents abroad to their families in the country. Their countries of origin.
The Arab Monetary Fund stated that the rate of return on assets at Arab exchange companies reached an average of about 3.1% at the end of 2023.
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