SAMA signs off permits for three new open banking fintech companies
The Saudi Central Bank, also known as SAMA, has granted permits allowing three new fintechs to operate under its regulatory…
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QIB named ‘Most Efficient Bank in Middle East and Africa’ in 2021
Qatar Islamic Bank (QIB) ranked the most efficient bank in the Middle East and Africa, emerging first among the largest…
Technology partners intent to join forces with a new joint venture Alliance Networks
Alliance International Management (AIM) along with Amsterdam Internet Exchange B.V (AMS-IX), Bahrain National Holding Company (BNH), Gulf Bridge International (GBI),…
UAE teams up with IBM to boost Industry 4.0
The UAE’s Ministry of Industry and Advanced Technology has joined forces with US technology company IBM to boost the pace…
QSE listed insurers’ net profits soar 138% in 2021
The listed insurance companies have reported more than doubling (137.89% jump) of their total sectoral net earnings during 2021, substantially…
Tadawul seeks cross-listing and new financial products: CEO
Tadawul is in advanced talks over at least two companies from the Gulf nations listing on Saudi Arabia’s stock exchange,…
Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman
The chairman of Jeddah-based Islamic Development Bank (ISDB) said that huge investments and more government efforts are required to help…
Empower calls for greater international solidarity to combat climate change
Ahmad bin Shafar: District cooling is a cornerstone for the prosperity of humanitarian practices and economic activities Emirates Central Cooling…
GCC banking sector sees 7-quarter high ROE in 2021: Kamco
Higher profits reported by GCC banks pushed the aggregate return on equity (ROE) for the sector to a 7-quarter high…
EBRD launches Green Star Venture programme in Jordan
Four green start-ups selected to join the Green Star Venture programme in Jordan Start-ups will benefit from tailored advisory services…
Wealthy Russians pour into Turkey, Dubai real estate markets
Turkey and the United Arab Emirates (UAE) have become the hot spots for wealthy Russians pouring money into real estate,…
Abu Dhabi’s Eshraq Investments to acquire Goldilocks in a share swap deal
Abu Dhabi-listed Eshraq Investments plans to acquire 100 per cent of Goldilocks Investment Company in a deal that will boost…