Saudi Central Bank Watches Banks for Excessive Lending in Rush for Aramco IPO
Saudi Arabia is closely monitoring how much banks are lending to local investors rushing to buy shares in Aramco and…
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Oman Oil and Orpic Group and HSBC execute first blockchain trade transaction in Oman
Oman Oil and Orpic Group and HSBC Bank Oman SAOG (HSBC Oman) have successfully executed the first blockchain trade finance…
German police raid suspected hawala banking ring
German authorities have carried out a raid on an organized international network suspected of illegally transferring millions of euros to…
Al Salam Bank-Bahrain and MSA Capital (China) to launch $50 million MEC ventures positioning Bahrain as MENA's gateway to the digital Silk Road
Al Salam Bank-Bahrain has partnered with China-based MSA Capital to launch Al Salam-MSA Bahrain Fund I, I.L.P., a US$50 million…
Bank Hapoalim Announces Third Quarter 2019 Financial Results
Bank Hapoalim (TASE: POLI) (ADR: BKHYY), announced its financial results for the third quarter ended September 30, 2019. Key…
UAE's Amanat hires liquidity provider to boost share performance
Amanat Holdings, the GCC’s largest healthcare and education investment company, on Wednesday said it has appointed Shuaa Capital International Ltd,…
Dubai has up to 200 golden visas for African investors
Dubai is set to grant up to 200 UAE golden visa permanent residency visas to "prominent" African investors under a…
SABB and HSBC complete first blockchain trade transaction in Saudi Arabia and Bahrain
SABB and HSBC have for the first time used blockchain technology in Saudi Arabia and Bahrain to finance international trade.…
Bahrain to impose compulsory health insurance plan on expats
The firms will recommend procedures for the National Health Insurance Scheme (Sehati), which will be presented to the government in…
KPMG in Qatar launches ‘Turkish desk’; holds investment seminar in Istanbul
In response to the growing number of businesses operating between Turkey and Qatar, KPMG in Qatar recently launched its ‘Turkish…
Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link
Wethaq has announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital…
Saudi Arabia doubles the amount banks can lend for Aramco IPO
SAUDI ARABIA'S central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according…