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Member Nations of the Arab League Algeria (1962)  Jordan* Oman (1971) Syria* Bahrain (1971) Kuwait (1961) Palestine (1976) Tunisia (1958) Comoros (1993) Lebanon*  Qatar (1971) United Arab Emirates (1971) Djibouti (1977) Libya (1953) Saudi Arabia*  Yemen* Egypt*  Mauritania (1973) Somalia (1974) Iraq* Morocco (1958) Sudan (1956) Source: Council on Foreign Relations *denotes a founding member state There are four nations

What Is the Arab Monetary Fund (AMF)? The term Arab Monetary Fund (AMF) refers to an organization launched in 1976 by the Arab League. The fund was established in order to balance payments and promote beneficial trade between participating member nations to boost the development of their economies. The fund has 22 member nations spread

What Is Arbitrage? Arbitrage is the simultaneous purchase and sale of the same or similar asset in different markets in order to profit from tiny differences in the asset’s listed price. It exploits short-lived variations in the price of identical or similar financial instruments in different markets or in different forms. Arbitrage exists as a

What Is an Arbitrage Bond? An arbitrage bond refers to the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond prior to the higher interest rate bond’s call date. Key Takeaways An arbitrage bond is the refinancing of a municipality’s higher interest rate bond with a lower interest rate bond

What Is Arbitration? Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers. It is overseen by the Financial Industry Regulatory Authority (FINRA), and the decisions are final and binding. Arbitration is distinct from mediation, in which parties negotiate to reach a voluntary settlement, and decisions are not binding unless all

What Is Arc Elasticity? Arc elasticity is the elasticity of one variable with respect to another between two given points. It is used when there is no general way to define the relationship between the two variables. Arc elasticity is also defined as the elasticity between two points on a curve. The concept is used

What Is Archipelago? Archipelago was an electronic communications network (ECN) that merged with the New York Stock Exchange (NYSE) in 2006 to become the NYSE Arca Exchange. ECNs allow for automated trading, passive order matching, after-hours trading, and instantaneous order execution. Archipelago, created in 1996, was one of the first ECNs and a precursor to

What Is Architects and Engineers (A&E) Liability Coverage? As its name suggests, architects and engineers (A&E) liability coverage is a type of insurance policy designed to protect architects and engineers. Specifically, it provides coverage for potential damages relating to construction delays, structural damages, and other potentially costly risks. Although A&E liability coverage is designed with

What Is an After Reimbursement Expense Ratio? An after reimbursement expense ratio represents the actual expenses paid by a mutual fund investor. This expense ratio is calculated by subtracting any reimbursements made to mutual fund customers by the management, as well as any contractual fee waivers from the before-expenses reimbursement ratio. An after reimbursement expense

What Is an ARM Index? The term “ARM index” refers to the benchmark interest rate to which an adjustable-rate mortgage (ARM) is tied. An ARM’s interest rate consists of an index rate value plus a margin. The index underlying the ARM is variable, while the margin is constant. There are several popular indexes used for different types of