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FinTech

Bahrain’s Rain closes $2.5 million seed round, becomes first licensed cryptocurrency exchange in the Middle East

July 31, 2019

Rain, a Bahrain-based cryptocurrency exchange has closed its $2.5 million seed round, it announced in a statement to MENAbytes.  …

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Financial Results

IIFM Publishes its Annual Sukuk Report 2019

July 31, 2019

The International Islamic Financial Market  has announced  the publication of the 8th Edition of its annual Sukuk Report. The research…

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Financial Results

Saudi NCB posts 24% rise in quarterly profit

July 31, 2019

National Commercial Bank , Saudi Arabia’s biggest lender, posted a 24% rise in second-quarter profit on Wednesday, helped by higher…

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Financial Results

Riyad Bank reports 78% rise in second-quarter profit as impairments drop

July 31, 2019

Saudi Arabia’s Riyad Bank, which is in talks to merge with National Commercial Bank, posted a 78 per cent year-on-year…

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Comment & Analysis

Saudi banks’ investments in government bonds rise 23.7% in H1

July 31, 2019

Saudi banks increased their government bond holdings by 23.68%, or SAR 67.33 billion, year-on-year during the first six months of…

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FinTech

Microsoft and Publicis Sapient build digital trade finance bank in six months

July 31, 2019

Publicis Sapient, the digital business transformation hub of Publicis Groupe, and Microsoft, has announced their partnership supporting the launch of…

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Awards and Recognition

Abu Dhabi Securities Exchange Finalists For Smart City Middle East Awards

July 31, 2019

Abu Dhabi Securities Exchange recently achieved the finals of the 'Smart City Middle East Awards', hosted by International Data Corporation…

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Awards and Recognition

Doha Bank receives ‘Best Customer Service’ award

July 31, 2019

Doha Bank was conferred the ‘Best Customer Service and Alternative Banking Channels’ award at the Arab Banks Awards and Commendations…

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Hedge Funds & Alternative Investments

Mideast demand for automation gains momentum

July 31, 2019

With the Middle East manufacturing sector emboldened by rebounding oil prices, the 2nd edition of SPS Automation Middle East,  …

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Comment & Analysis

Saudi Arabia's gold mine projects spark market interest as prices rise

July 31, 2019

Gold market sources are awaiting with interest Saudi Arabia's new forays into gold production, on the back of a new…

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FinTech

Saudi allows two firms to test computerised investment advice

July 31, 2019

Saudi Arabia's capital market regulator on Tuesday approved two companies to test using robo-advisory services, or computer-generated advice for investors,…

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Hedge Funds & Alternative Investments

Reportage Properties offers new incentives for its projects

July 31, 2019

Abu Dhabi-based real estate developer, Reportage Properties, has announced that it will be offering its 'Buy an Apartment and Get…

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