Dubai Fintech Hub Partners With Israel
In late November, Dubai-based DIFC FinTech Hive—the biggest financial-innovation hub in the Middle East—signed a milestone agreement with Israel’s Fintech-Aviv.…
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Enel teams up with Qatar wealth fund on Africa green energy projects
Italy's biggest utility Enel has signed a deal with the Qatar Investment Authority to develop renewable energy projects in Sub-Saharan…
Turkish banking watchdog working on revision of market manipulation regulations, sources say
Turkey’s Banking Regulation and Supervision Agency (BDDK) is working on a revision of last year’s market manipulation guidelines to increase…
Bank deal creates second-largest lender in Qatar
Qatar’s Masraf Al Rayan and Al Khalij Commercial Bank have agreed to join forces in a deal that will create…
World Bank revises UAE GDP growth to 2.4% in 2022
The UAE economy’s contraction in 2020 was due to the disrupted engines of growth. The World Bank has revised…
Ovamba & Singularity launch TradeTech partnership in Egypt
TradeTech innovator, Ovamba Solutions and financial services provider, Singularity Finance have partnered to deliver financial inclusion and growth capital to…
Fitch sees Qatar banks benefiting from Saudi Arabia fund inflows
Saudi Arabian clients are expected to start shifting some of their funds back to Qatar after four Arab states agreed…
Oman to float OMR150mn worth of bonds
Oman’s central bank has announced issue of government development bonds to the tune of OMR100 million. The issue, which will…
Oman Banks Get More Flexibility in Financing Stock Investments
Oman’s central bank said it approved a recommendation that would provide more flexibility for banks in financing stock market investments.…
Egypt’s forex reserves hit 9-month high
Egypt’s net foreign reserves rose to $40 billion in December 2020, the largest since the outbreak of the coronavirus disease…
Central Bank of Bahrain Sukuk Al-Ijara oversubscribed
The Central Bank of Bahrain has announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has…
Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market
First Abu Dhabi Bank PJSC followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds…