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FinTech

Fawry broadens its platform for consumer finance offerings to capture the growing opportunity on the financial services market

December 23, 2021

Fawry has announced plans for establishing a consumer finance company, Fawry Consumer Finance, broadening its existing offering of financial solutions…

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Hedge Funds & Alternative Investments

Saudi British Bank sells stake in Wataniya Insurance for $21.3mln

December 23, 2021

Saudi British Bank (SABB) has sold its entire stake in Wataniya Insurance Co. to Private Wealth Investment Holding Co. for…

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Hedge Funds & Alternative Investments

Saudi Arabia’s Jadwa launches $66.6m fund to invest in property market

December 23, 2021

Saudi Arabian asset management and advisory company Jadwa Investment has set up a property fund worth 250 million Saudi riyals…

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FinTech

AMF releases booklet on using AI in the banking services

December 23, 2021

The Arab Monetary Fund (AMF) has recognised the importance of expanding educational awareness of the implications of using Artificial Intelligence…

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Awards and Recognition

BisB Congratulates Eman AlBinghadeer for Her Nomination in the WOMANi Awards for the Third Consecutive Year

December 23, 2021

Bahrain Islamic Bank (BisB) recently announced the nomination of Mrs. Eman AlBinghadeer, Head of Internal Shari'a Audit at BisB, amongst…

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Hedge Funds & Alternative Investments

Group ONE Closes US$150 Million Equity Financing Round Led by Guggenheim Investments and Qatar Investment Authority

December 23, 2021

Group ONE Holdings has announced it has closed a US$150 million equity financing round led by two new global investors,…

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Family Office

Global wealth manager in digital push

December 23, 2021

The Family Office Company is set to launch a new digital interface next month aimed at empowering clients and prospects…

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Comment & Analysis

UAE is the Middle East's most globalized country – report

December 23, 2021

The UAE is among the Middle East's most globalised country as it stood out for its strong or rising connectedness…

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FinTech

Saudi's CMA approves Etihad Atheeb Telecom capital reduction

December 23, 2021

The Saudi Capital Market Authority has approved Etihad Atheeb Telecommunication Co.’s request to cut its capital, a statement on the…

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Comment & Analysis

PIF’s $40bln investment plan to boost growth of startups in Saudi Arabia

December 23, 2021

Saudi Arabia continues to focus on efforts to spur the growth of startups in the Kingdom to help boost the…

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Comment & Analysis

UAE targets Asian firms to become crypto hub: Crypto Wrap

December 23, 2021

The UAE is in talks with Asian firms seeking to relocate to the Gulf nation, as part of efforts to…

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Hedge Funds & Alternative Investments

Gulf sovereigns seen issuing less in 2022, corporate bond sales to rise

December 22, 2021

Overall debt issuance from the Gulf is expected to decline next year, as sovereigns issue less bonds due to improved…

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