At the Sanabel Annual Conference in June, Microfinance Information Exchange, Inc. (MIX) and Sanabel granted certificates of transparency to 43 microfinance institutions (MFIs) from Arab countries. These certificates recognize MFIs for their contribution to improving the transparency, quality, and reliability of microfinance information. Three MFIs received 5 Diamond certificates, the highest level of transparency awarded by MIX. A 5 Diamond ranking indicates that an MFI has reported general information, outreach data, and financial data for at least two consecutive years, as well as providing audited financial statements and a rating or other due diligence report. WWB is proud to note that two of the three awardees are its network members, Al Amana of Morocco, and Enda of Tunisia. WWB's other two members in the region, LEAD Foundation of Egypt and MFW of Jordan, received 4 Diamond awards. We congratulate all four institutions.