Saudi MoJ expands e-conveyance of property to cover additional banks
Saudi Arabia's Ministry of Justice (MoJ) has expanded e-conveyance of property to cover Alinma and Al Rajhi banks in addition…
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Saudi fund raises ownership stake in ACWA Power to 50%
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power…
EIB provided €1.7B funding to support Egyptian SMEs
The European Investment Bank (EIB) has provided funding of €1.7 billion since January 2020, to support Small and Medium-Sized Enterprises…
The Arab Coordination Group Approves US$ 8.6 Billion to Help Countries Tackle the Economic Impact of COVID-19 Pandemic
The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to…
EBRD, EU help improve telecommunications services in Jordan
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up…
Turkey's new central banker aggressively raises key rate
There is skepticism over how long Turkey's central bank will be free to act since President Recep Tayyip Erdogan believes…
UAE Central Bank's total assets up 2 pct to AED3,252.5 bn by end of Q3-2020
At the end of the third quarter of 2020 total assets of banks operating in the UAE increased by 2%…
Micro Focus appoints new head of Emerging Markets
Micro Focus has appointed Anas Jwaied as its vice president and general manager for Emerging Markets. The region constitutes…
Abu Dhabi, Oman Trade Grows 38% To $1.24B In 2020
Reflecting the growing economic relations between the two countries, bilateral non-oil trade between the Emirate of Abu Dhabi and the…
Dubai’s SHUAA targets citizenship-for-investment market with $118m fund
Dubai asset management firm SHUAA Capital has announced a new partnership that aims to tap into the citizenship-for-investment market, with…
Eight technology trends that will disrupt the banking industry
Technology is rapidly transforming the way how banks operate and how they serve their customers, and becoming a key enabler…
KFH introduces digital account opening solution – Baitek
Kuwait Finance House, KFH, Baitek, digital, account, GCC, bankingKuwait Finance House introduced Baitek, a digital account opening solution designed and…