12/16/2022
Turkish bank goes live with Murex system & other news
“It was strategic for us to realize the business value of MX.3 through a fast and efficient implementation,”
Alternative Investments
12/16/2022
Majid Al Futtaim and Standard Chartered launch the region’s first sustainable supply chain finance programme
An innovative financing programme that demonstrates Majid Al Futtaim and its Carrefour supplier partners commitment to sustainability
12/16/2022
Wipro Announces the Launch of Capco in the Middle East
The new consulting capability will be led by Naim Alame as its Managing Partner, Middle East.
12/16/2022
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
PYMNTS noted this trend last month, finding that the Gulf Cooperation Council (GCC) region stands out as an exception, while most stock markets have seen a decline in both the volume and average value of IPOs.
12/15/2022
Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits
Seven of the competing banks offered prices that started at 5 percent, leading to the winning price
12/15/2022
Shuaa Capital launches three funds amid growing investor demand
The move takes assets under management on its Sharia-compliant platform to more than $200m
12/15/2022
MBME Group leverages modern solutions to lead MENA’s payment solutions market which is growing by 14.8%
UAE’s largest payment services platforms in the UAE, MBME currently has over 3.2 million active users
12/15/2022
Saudi Arabia on course to reverse debt burden: Moody’s
Saudi Arabia's policy responses to both periods of low and high oil prices, the report said, demonstrates a commitment to fiscal consolidation and longer-term fiscal sustainability.
12/14/2022
Saudi, Kuwait bourses sign deal to boost capital markets
Two exchanges to collaborate in several areas, including fintech, ESG, cross-listing of companies
12/14/2022
UAE economy experiencing sustained momentum in 2022: OPEC
The report cited recent economic indicators suggesting strong growth has been maintained in most activities
12/14/2022
UAE's compulsory medical insurance for all - what will insurers do on basic premiums?
Early 2023 should see UAE confirm launch date for universal medical insurance
12/14/2022
GCC external assets to hit $6tn if oil averages $120 a barrel in next five years
Brent crude averaging $83 per barrel over the period will push assets to $5.5tn by end-2026, Goldman Sachs says
12/13/2022
Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn
Company operates offshore wind farms in Europe and the APAC region
12/12/2022
Al Kawthar Leasing Company selects ICS BANKS Islamic Finance Leasing Software
Al Kawthar Leasing Company operates on financing assets such as production lines, vehicles, various types of machinery and devices, as well as medical and laboratory equipment, and residential projects.
12/09/2022
Metropolitan Premium Properties and Mallorca Properties close Dubai’s biggest residential land transaction for AED 690M
The strategic collaboration has led to selling three prime seafront plots at Dubai Marina
12/09/2022
EBRD, Bank al Etihad support growth of small and women-led businesses in Jordan
The programme will help BAE to adapt its products to better suit women-led MSMEs, strengthen their lending practices and improve marketing and product development, according to a statement from the EBRD.
12/08/2022
Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects
The Public Investment Fund (PIF), which manages more than $600bln in assets, said their non-binding memorandum of understanding will serve as the anchor for BlackRock's Middle East Infrastructure strategy
12/08/2022
Abu Dhabi's TAQA, ADNOC, and Mubadala become shareholders in Masdar
TAQA says paid $1.02bln for its 43% controlling stake in the clean energy venture
12/07/2022
UAE’s non-oil private sector growth slows amid concerns of global slowdown
Job creation was modest as confidence about future output fell, S&P Global UAE Purchasing Managers' Index
12/07/2022
Dubai keen to improve cooperation with global partners, support global economic growth
Sheikh Mohammed said technological advances are disrupting several sectors, including construction