DigiDinar: The Middle Eastern Gateway to Cryptocurrencies
The Middle Eastern cryptocurrency market has an emerging player in the form of DigiDinar. Based out of Kuwait, DigiDinar is…
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Record $15.4bn in gold purchased by exchange traded products in Q1: Invesco
A record $15.4 billion in gold was purchased by exchange traded funds and similar products in Q1 2020 globally, equivalent…
Turkish central bank unexpectedly halts easing cycle
Turkey’s central bank unexpectedly halted a nearly year-long easing cycle on Thursday by keeping its key interest rate unchanged at…
Saudi Bank NCB Plans $15.6 Billion Takeover of Rival Samba
National Commercial Bank, Saudi Arabia’s largest lender by assets, proposed to pay as much as $15.6 billion to acquire rival…
International tourist arrivals in Middle East drops by 40%
The World Tourism Organisation has revealed data suggesting that between January and April this year, international tourist arrivals in the…
Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting to Host a Live Webinar
The Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting, will conduct a…
Turkey’s emerging market status may face downgrade
Turkey’s main share index may be downgraded by a top international index compiler in what would be a blow to…
Egyptian fintech fund Disruptech leverages rising e-financial services industry
As the popularity of cashless transactions continues to grow amid the COVID-19 pandemic, a new fund that exclusively targets fintech…
Egypt's CBE requires banks to notify customers when removed from blacklists
The Central Bank of Egypt has issued new instructions, requiring banks to notify their customers when procedures are taken to…
Saudi lenders NCB and Samba are in early merger talks – sources
National Commercial Bank, Saudi Arabia's biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba…
UAE firm opens window for NRIs to buy digital gold asset
US-based Blockfills and US Gold Currency have partnered with UAE financial consultancy firm IBMC Financial Professionals Group to bring the…
Merger was a smooth affair: Barwa Bank Chairman
Barwa Bank held yesterday its Ordinary General Assembly and approved all the agenda of the meeting, including the Board's recommendation…