First Abu Dhabi Bank to buy Egypt’s EFG Hermes
UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake…
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Barrows Hotel Enterprises starts offering high yield Bond Structures to Institutional Investors
Barrows has started offered Bond structures to Institutional Investors on behalf of contracted developers. Stricter banking regulations and higher…
Saudi Central Bank’s net foreign assets fall for third month in a row
Saudi Central Bank’s net foreign assets fell 1.2 percent in February, according to data published on its website. Net foreign…
All sectors return to activity in Bahrain says CBB data
Bahrain’s key economic indicators are consistent with the return to activity of all economic sectors in the Kingdom and demonstrate…
Nearly 95% people in Saudi Arabia report increased use of digital payments in 2021
Ninety five percent of respondents from Saudi Arabia reported an increase in their use of e-wallet and mobile banking in…
Multilateralism needed more than ever to address challenges
Minister of Finance H E Ali bin Ahmed Al Kuwari has said that multilateralism today is needed more than ever…
ADX to see 13 more listings before year-end
Abu Dhabi Securities Exchange could host 13 more listings before the end of this year as the Arab world's second-largest…
Banking as a Service gains unstoppable momentum, Finastra research shows
At its Finastra Forum flagship industry event in Dubai, Finastra has unveiled a market assessment report: ‘Banking as a Service:…
Mashreq Bank launches Neopay to consolidate and grow
NEOPAY will comprise of Mashreq’s leading merchant acquiring business, which processes over USD 22Billion of annualized volume across retail, government,…
Baker McKenzie earns top awards in Saudi Arabia and the UAE at the Chambers Middle East Awards 2022
Baker McKenzie has been recognised among the leading national and international law firms in the Middle East at the annual…
QNB Al Ahli launches instant payment service
Qatar National Bank Alahli has launched instant payment service in collaboration with Egyptian Banks Company, according to an emailed press…
Nearly 9 in 10 people in the Middle East report increased use of digital payments in the past year
According to the Kaspersky Digital Payment survey, 93% of respondents from the Middle East reported an increase in their use…