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ESG

Saudi Arabia is on track to achieve UN Sustainable Development Goals by 2030

March 24, 2023

The Deputy Minister for Water at the Ministry of Environment, Water and Agriculture, Dr. Abdulaziz Al-Shaibani headed the Kingdom’s delegation…

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Financial Results

Dubai's DEPA posts higher revenue for 2022 on post-COVID recovery

March 24, 2023

Interior design and specialty contractor Depa PLC, in which the Saudi sovereign wealth fund recently bought a controlling stake, posted…

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Hedge Funds & Alternative Investments

UAE exchange firm Al Ansari upsizes IPO on strong investor demand

March 24, 2023

UAE-based exchange house Al Ansari Financial Services, which is looking to raise up to AED 772.5 million ($210.4 million) in…

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Regulation, Risk & Compliance

UAE central bank signs deal for CBDC strategy

March 24, 2023

The Central Bank of the United Arab Emirates (CBUAE) is inching closer to fully launching its central bank digital currency…

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Environment and Sustainable Investments

Saudi banks: $111.2mln investment by banks within its social responsibility in 2022

March 24, 2023

Saudi Banks Media and Awareness Committee announced that the total investments and contributions of Saudi banks during 2022 were worth…

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FinTech

Hub71 Startups Raise AED 4.5billion in VC as UAE Progresses to Become an Entrepreneurial Nation

March 24, 2023

Hub71, Abu Dhabi’s global tech ecosystem, increased its community by 102 per cent to more than 200 startups in 2022.…

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FinTech

B2B spend fintech Qashio launches in Saudi with Alinma Bank

March 24, 2023

Dubai-based fintech Qashio is partnering with Saudi's rapidly growing Alinma Bank to offer spend management services to customers in Saudi…

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FinTech

Saudi Aramco signs deal with Samsung to localise industrial 5G communication networks

March 24, 2023

Aramco has signed a non-binding Memorandum of Understanding (MoU) with Samsung Electronics Co., Ltd., which sets forth preliminary plans for…

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Uncategorized

British billionaire to offer $5bln against Qatari bid for Man United

March 24, 2023

British billionaire Sir Jim Ratcliffe is to offer $5 billion in a down to the wire bidding battle against a…

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Islamic Finance

Saudi Arabia’s NDMC closes March sukuk issuance at $897m

March 23, 2023

Saudi Arabia’s National Debt Management Center announced the closure of the Riyal-denominated sukuk program issuance for March with the total…

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Hedge Funds & Alternative Investments

Dubai's highly popular d3 office district to have first residential offerings

March 23, 2023

The first freehold homes are being launched at Dubai Design District (or d3), a location which has been extremely popular…

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FinTech

Switzerland’s digital asset bank Sygnum opens Middle East hub in Abu Dhabi

March 23, 2023

Switzerland’s digital asset bank Sygnum has opened its Middle East hub in the Abu Dhabi Global Market (ADGM) as it…

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