Saudi market regulator approves Bank Albilad’s $2.67bln capital raise
Saudi Arabia’s Capital Market Authority has approved Bank Albilad’s request to boost capital to SR10 billion ($2.67 billion), according to…
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Abu Dhabi crypto firm Hayvn in talks for series B funding, eyes IPO
Abu Dhabi-based crypto trading firm Hayvn is in talks with institutional investors to anchor a series B funding round that…
Israel cenbank should be set to tighten if inflation gains further -IMF
Israel's central bank should be prepared to raise interest rates and taper foreign exchange intervention if inflation pressures intensify further,…
EFG Hermes expects Banque du Caire to be listed on EGX in 2022
Expectations prevailed that this year would be the year of IPOs in the Egyptian Exchange (EGX), especially after the government…
Crypto platform Rain rakes in $100m in Series B funding
Cryptocurrency platform Rain has raised $110 million in a Series B funding round. The round was co-led by Paradigm…
Kuwaiti National Industries to increase in its capital by 35%
The Board of Directors of Kuwait’s National Industries Co., also known as KPSC, approved a 35 percent increase in the…
Most Gulf markets fall in early trade; Qatar rises
Major stock markets in the Gulf fell in early trade on Thursday, pressured by financial stocks as oil prices slipped…
Open Banking Exchange launches in Saudi Arabia
This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision…
Deutsche Bank blames client in $565m false sales lawsuit
Deutsche Bank AG turned the blame on an ex-client for crippling losses it suffered investing in risky foreign exchange derivatives…
Saudi fintech Lean raises $33 million
Lean Technologies, a Saudi fintech firm whose founders include the son of the kingdom’s former oil minister, Khalid Al-Falih, has…
E-Trader licence records 6% growth during 2021
The e-Trader licence, launched by the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET),…
Crypto platform Rain secures in-principle approval for FSP from UAE's ADGB
Cryptocurrency platform Rain has received in-principle approval for financial services permission (FSP) from Abu Dhabi Global Market (ADGB), which if…