IslamicFinance.de

The Arab Federation of Exchanges (AFE) has been working on launching a development strategy to localise financial technology and sustainable development, declaring 2020 the year of sustainability in Arab stock exchanges. “Reforming the home from within” is the approach taken by the AFE’s Secretary General since taking over the secretariat last year. The most important change was the adoption of a new system for the AFE to restructure its board of directors. The AFE also signed a memorandum of understanding with the Financial Technology Corporation in the Middle East and North Africa, and there will be a kind of joint training for financial technology. Last year the AFE managed to expand the federation’s membership base, it currently includes 21 active members, with 17 stock exchanges and four clearing companies.