Saudi Central Bank approves two new Fintech companies
The Saudi Central Bank (SAMA) announced on Tuesday granting of permits to a new batch of companies: “Lean Technologies” and…
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Bahrain banks report 19.2% growth in non-interest income
Banks in Bahrain reported 19.2 per cent growth in non-interest income in the second quarter this year, the highest in…
NBK-Egypt sees 9% higher profits in H1-22
The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first…
Mashreq appoints group head of marketing
Mashreq has appointed Muna Al Ghurair, as its new Group Head of Marketing & Corporate Communications. She brings over 20…
ADIB-Egypt and Simplifi partner to expand the digital payments ecosystem in Egypt
SimpliFi, a Cards as a Service (CaaS) platform for banking and FinTech industries in MENA and Pakistan, and ADIB Egypt,…
UAE Data Protection Law: The requirements and ensuring compliance
On 2 January 2022, the United Arab Emirates (UAE) launched its Federal Personal Data Protection (PDP) Law – a new…
Faisal Shaikh and Hazim Almegren join Alvarez & Marsal
Global consulting firm Alvarez & Marsal has strengthened its senior team in the region with two new Managing Directors: Faisal…
Moody’s downgrades APMI One’s senior secured debt rating to Ba1
Moody’s Investors Service on Tuesday downgraded the rating of fixed rate amortizing senior secured bonds issued by ACWA Power Management…
Barings EMEA trust loads up on Middle East
The managers of the £80m Barings Emerging EMEA Opportunities trust have been investing heavily in the Middle East, which they…
Dubai fintech Huspy buys out Just Mortgages, Finance Lab to widen mortgage services base
The Dubai-based mortgage services fintech Huspy has acquired two brokerage firms – Just Mortgages and Finance Lab – to expand…
UAE: Over 70 nationalities can get visa on arrival for up to 180 days
Planning to visit the UAE sometime soon? Nationals of over 73 countries and territories do not need a pre-arranged visa…
Saudi fintech firm Tamara raises $100mln from Sanabil, Shorooq Partners
Saudi Arabia's buy now, pay later (BNPL) start-up Tamara has raised $100 million in its latest investment round, bringing the…