DIFC launches region’s first open finance lab
Dubai International Financial Centre (DIFC) has launched the region’s first open finance lab, heralding what it calls “a new era…
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Lebanon banking association affirms its unity after criticism by member banks
Lebanon's banks association ABL affirmed its unity and said it reiterated the necessity of Lebanon reaching a deal with the…
Saudi foreign direct investment inflows rise 9.5% in first quarter
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of…
FAB hires Adams and Alotaibi to Securities Services
The First Abu Dhabi Bank (FAB) has appointed Matthew Adams and Nasser Alotaibi to its Securities Services business. Based…
Loan Financing Company turns to ICSFS for core banking tech
Loan Financing Company (LFC), a microfinance start-up in Saudi Arabia, has received a preliminary approval from the country’s regulator, SAMA,…
Where next for ESG investing in the UAE?
Appetite for ESG funds in the MENA region has historically been lower than in other markets, but awareness of the…
Bahrain banks' loans and credit facilities jump to $30bln
The outstanding total loans and credit facilities provided to resident economic sectors in Bahrain increased to BD11.3 billion ($29.97 billion)…
National Bank of Egypt to open its first branch in South Sudan on June 28
The National Bank of Egypt (NBE) will be opening its first branch in Juba, South Sudan with a capital of…
BNP Paribas and ADGM explore key areas of climate action in the lead to COP28 with UAE business leaders
The Middle East & Africa region to take centre stage at COP27 in Egypt, and COP28 in UAE International banking…
Qatar pledges $100mln to establish platform to recover distressed assets
The Qatar Financial Center (QFC) said on Monday that it has pledged $100 million to fund a new platform aimed…
DigiDoe launches operations in Qatar
DigiDoe launched operations in Doha this week and is targeting banks in the Middle East as part of its plan…
Mastercard promotes J.K. Khalil (ex-Booz) to regional general manager
In his second major promotion since joining Mastercard six years ago, former Booz & Company consultant J.K. Khalil has been…