Saudi Monetary Authority & UAE Central Bank, to launch cross-border cryptocurrency
Reports coming from the United Arab Emirates’ say the UAE Central Bank and Saudi Arabian Monetary Authority (SAMA) will jointly…
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Bahrain issues draft rules to regulate cryptocurrencies
Bahrain's central bank has issued draft rules on the trade in cryptocurrencies for consultation, setting up a framework to regulate…
UAE, China explore means to boost RMB clearing
The UAE and China's banks explored ways to enhance the Renminbi clearing within the GCC state. The talks were…
Turkish bank keeps rates unchanged on inflation fall
Turkey’s central bank left its benchmark interest rate unchanged as expected yesterday after inflation eased from a 15-year peak, but…
UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions
The United Arab Emirates’ (UAE) central bank is collaborating with the Saudi Arabian Monetary Authority (SAMA) to issue a cryptocurrency…
Ripple Set To Conquer UAE’s Transfers From Q1 2019
Ripple’s partnership of notable Middle East financial exchange United Arab Emirates-based Finablr’s UAE Exchange will finally launch blockchain powered cross-border…
Doha Bank to cut construction exposure, keep UAE branches – CEO
Doha Bank will cut its exposure to construction companies to 10 per cent from 17 per cent of lending in…
NBK-Egypt signs a cooperation protocol with Egypt’s Town Gas
National Bank of Kuwait – Egypt (NBK-Egypt) signed a cooperation protocol with the Egyptian Company For National Gas Distribution In…
A Win-Win: How Saxo Bank's Open Approach To Investing Duly Delivered
With an average daily turnover of $12 billion and thousands of customers using its products daily, it is fair to…
Bahrain's central bank introduces repo instrument
Bahrain’s central bank said on Sunday it had introduced a repurchase instrument in an effort to help local banks manage…
It’s Been a Turbulent Year. Emerging Markets Are Waiting For a Better 2019
Emerging markets are rounding off the year with few excuses to keep floundering into 2019. After a turbulent year…
Token and Almoayed Technologies Partner to Deliver Open Banking Across MENA Region
Token.io has announced a partnership with Almoayed Technologies, the MENA region’s leading technology infrastructure development company, to accelerate open banking…