Fintech in action in Saudi Arabia
One of the impactful initiatives implemented by the Capital Market Authority under its chairman, Mohammed El-Kuwaiz, was the creation of…
Regulation, Risk & Compliance
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Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook
Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…
Saudi Central Bank grants licenses to 2 more payment companies
The Saudi Central Bank (SAMA) announced the licensing of two payment companies as part of its efforts to achieve the…
The Middle East prepares for life after oil
Governments and wealthy families are accelerating the changes needed to safeguard their financial future. The global upheavals of the…
Dubai launches its first environmental satellite
DMSat-1, the emirate’s first nanometric environmental satellite, developed by Dubai Municipality in collaboration with the Mohammed Bin Rashid Space Centre…
Saudi fintech Geidea gets SAMA license to process payments
Saudi-based fintech company, Geidea, has acquired a license from the Saudi Central Bank (SAMA) that enables it to process end-to-end…
DIFC wins membership in global financial centres' alliance
Dubai International Financial Centre has announced that its membership of the World Alliance of International Financial Centres has been unanimously…
Saudi Arabia creates database of privately financed projects
The Register of Privatization Projects is as a comprehensive central database of documents related to privatization projects, Hani Al-Sayegh, director…
Central Bank of Egypt offers EGP19 billion worth of treasury bills
The Central Bank of Egypt on Sunday issued treasury bills worth EGP19 billion ($1.21 billion) on behalf of the Finance…
Traydstream boosts India, Middle East expansion with sales hires
Trade finance technology firm Traydstream has hired two sales and origination executives tasked with boosting business in India and the…
EBRD to invest in Turkish fintech firm DgPays
The European Bank for Reconstruction and Development is providing a fresh boost to Turkey's technology sector by investing in DgPays,…
Dubai Eyes Its Second IPO in Three Years With Tristar Listing
Middle Eastern logistics firm Tristar Transport is looking to raise gross primary proceeds of between $120 million and $160 million…