First local bank to launch Virtual Corporate Card
Mashreq Corporate Virtual Cards, an electronic payment platform, built on Mastercard’s In Control platform, provides some of the highest levels…
FinTech
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UAE's ADIB issues capital-protected equity investment structured note
Abu Dhabi Islamic Bank, a leading financial institution, has launched its first Sharia compliant equity investment structured note of the…
China’s CreditEase launches second Israel-focussed fund, hits first close at $32.2m
CreditEase Wealth Management on Friday said it has raised $32.2 million in one month for its second fund focused on…
Egypt’s entrepreneurs
Egypt’s core asset and main engine of growth is its youth. Its total population of more than 92 million is…
Islamic Banking: Challenge To Maintain Leading Growth In A Competitive Market
Islamic banking continues to broaden its reach and is able to compete effectively with conventional banks, supported by an increasing…
Mubadala said to plan up to $15bn SoftBank fund spend
Abu Dhabi’s Mubadala Development Co is considering committing $10bn to $15bn to partner with SoftBank Group Corp and Saudi Arabia’s…
Can GCC banks survive without fintech?
The bear oil market has placed significant pressure on the Gulf Cooperation Council that in turn, triggered economic diversification away…
Dubai’s Network International appoints new CEO
Network International, the largest payment processing firm across the Middle East and Africa, has appointed Simon Haslam as chief executive,…
Iranian Banker: Bitcoin is Changing Banking; Calls for Adoption
The chief executive of Iran’s Tejrat Bank has stated that the emergence of bitcoin and innovations like blockchain technology will…
UAE issues new rules for online payments
The UAE Central Bank on Wednesday issued new regulations for "stored value digital payments". In a statement the central…
New digital bank coming to Middle East
Bank Clearly, a new mobile bank, is being set up in the UAE. Clearly will offer account opening “in seconds,…
KPMG reports 10.7 per cent growth in the Middle East and South Asia
This has been an encouraging year for KPMG in the MESA region and in the UAE and Oman in particular. …