Date: May 29, 2025
Cairo
The Arab Federation for Digital Economy, represented by its Secretary-General, His Excellency Ambassador Mohamed Khair Abdel Qader, participated in the 61st Meeting of Specialized Arab Federations, held under the auspices of the General Secretariat of the Council of Arab Economic Unity, with the attendance of representatives of Arab federations and institutions active in various development sectors.
In his opening remarks, His Excellency Ambassador Mohamed Ahmed Al-Ni, Secretary-General of the Council of Arab Economic Unity, emphasized that the (61) regular meeting of specialized Arab federations represents an important platform for constructive discussion and consultation on all issues and areas related to the work of the federations. This positively impacts the future of joint Arab action, supports the common Arab market, achieves economic integration, and creates the objective conditions for Arab economic unity. He emphasized that specialized Arab federations are one of the essential wings of economic development in our Arab countries, as they represent the Arab private sector, which is the main artery driving the economic cycle to achieve true Arab economic integration.
Al-Nuaimi added that despite the availability of all the basic components for establishing Arab economic integration, this experience is still progressing slowly. Therefore, the Council of Arab Economic Unity is keen to support specialized unions in every possible way and with available resources, and to empower them to fulfill their responsibilities and specializations, in accordance with the rules and regulations to achieve comprehensive economic development.
Ambassador Mohamed Khair presented a specialized working paper during the meeting entitled “Electronic Payments and Digital Currencies.” He reviewed the reality of digital transformation in the financial structures of Arab countries, the rapid global developments in the field of financial technologies, particularly the use of digital currencies, and the future prospects for adopting innovative and secure payment solutions.
The paper addressed the importance of enhancing Arab financial integration, developing digital legislation, and establishing a unified digital infrastructure that enables member states to adopt effective electronic payment systems that support financial inclusion and economic stability.
In his intervention, the Union emphasized that the accelerated adoption of financial technologies requires clear regulatory and legislative frameworks and joint Arab cooperation in research and development to protect markets and maximize opportunities to benefit from the digital economy.
This active presence comes within the framework of the growing role played by the Arab Federation for Digital Economy in formulating regional digital policies and providing insights that support economic transformation based on technology and innovation.
Link to the study “Electronic Payments and Digital Currencies”:
