Stanhope Financial cash boost gives SMEs tier one global banking services
Stanhope Financial Group, a new fintech company has today launched as the world’s first combined tier one banking services provider…
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Aldar launches Noya on Yas island
AED 940 million development open to all nationalities Sales kick off on November 22 Aldar Properties has announced the launch…
Global debt on track to exceed $277trln in 2020 – IIF
The global debt load has increased by $15 trillion in the first three quarters of 2020 and now stands above…
‘100% renewable energy’ luxury resort in Saudi Arabia will use 1,000MWh battery storage system
A tourism development in Saudi Arabia which will have its own international airport and hopes to attract over a million…
Saudi MoJ expands e-conveyance of property to cover additional banks
Saudi Arabia's Ministry of Justice (MoJ) has expanded e-conveyance of property to cover Alinma and Al Rajhi banks in addition…
Saudi fund raises ownership stake in ACWA Power to 50%
The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its stake in ACWA Power…
EIB provided €1.7B funding to support Egyptian SMEs
The European Investment Bank (EIB) has provided funding of €1.7 billion since January 2020, to support Small and Medium-Sized Enterprises…
The Arab Coordination Group Approves US$ 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…