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Opec and regional economic institutions: Further oil output cuts and green bond issue

Payments platform: The Abu Dhabi-based Arab Monetary Fund (AMF) launched the Buna payment platform on 23 February, providing clearing and settlement services. The platform is designed to handle inter-Arab financial transactions and others between Arab countries and their trading partners, enabling commercial and central banks to send and receive cross-border payments. The initial slate of currencies approved for the platform include the Bahraini dinar, Saudi riyal and the UAE dirham, as well as the Egyptian pound, Jordanian dinar, US dollar and the euro.

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African Energy Gulf States Newsletter