Some investors turn cautious on Egypt's lucrative carry trade
Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability…
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AFS in deal to power ila Blue, Switch credit cards
Arab Financial Services (AFS), a leading digital payment solutions provider and fintech enabler in Middle East and Africa, has collaborated…
Dubai Islamic Bank launches ‘Rabbit’ as digital banking for connected generation
Dubai Islamic Bank (DIB) has launched its digital banking app that targets customers across all its key markets. The digital…
Saudi Arabia forms independent body to probe financial crimes
Saudi Arabia’s Public Prosecution on Tuesday announced the establishment of an independent specialized unit to investigate financial frauds, the Saudi…
Saudi Arabia ends the year with local sukuk issuance of $110.5mln
The Saudi government offered denominated sukuk in Saudi riyals worth SR415 million ($110.5 million) for the December issuance, the National…
UAE central bank increases oversight of banks’ real estate exposures
The Central Bank of the UAE has announced that an enhanced framework to better monitor and supervise banks’ exposures to…
Wealthface launches advanced investing App
- The platform offers Face X for Local AED Free Transfers - The platform offers tailored investing portfolios with…
Emirates NBD offers Voice Banking with Alexa in UAE
Emirates NBD Voice Banking will now be available in both Arabic and English Emirates NBD has offered Voice Banking with…
Export Bahrain wins global award for Best International Deal Facilitator of Start-up Exporters
Export Bahrain has won a prestigious international award, in a global testament of its integral role in empowering Bahrain-based SMEs…
Arab National Bank Adopts Red Hat’s Open Hybrid Cloud Platforms To Accelerate Digital Banking Innovation
Red Hat, Inc. has announced that Arab National Bank is speeding its transformation in key areas including digital banking, open…
Central Banks In Action Mode
Central banks are raising rates and paring bond buying in their attempt to rein in inflation The market now expects…
KPMG Records Strong Growth in FY21 in the Middle East & South Asia Region
KPMG International has announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30…