BBK launches new digital banking channels
New and improved digital banking channels have been launched by the Bank of Bahrain and Kuwait (BBK). “BBK Mobile…
New Investment Products & Services
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PwC to establish headquarters in Riyadh to serve Vision 2030 agenda
Saudi capital Riyadh will play host to PwC’s new regional headquarters, with the professional services firm to also establish an…
Saudi Arabia to establish first private equity fund for $26mln dedicated to tourism investing
Saudi Arabia's Tourism Development Fund, signed an agreement with investment solutions firm Derayah Financial to establish a SR100 million ($26…
QIIB launches direct cheque deposit service through ATMs
QIIB has launched a direct cheque deposit service through ATMs for Personal and Corporate clients without the need for its…
Saudi British Bank launches shariah-compliant green deposit product
The Saudi British Bank (SABB) said it has launched a new Shariah-compliant green deposit product, the first in the kingdom…
Ithmaar Bank empowers customers with new self-service machines at Seef Mall and Arad Branches
Ithmaar Bank has installed self-service banking machines at its Seef Mall and Arad branches, offering customers a whole new digital…
Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the…
Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…
Abu Dhabi Securities Exchange selects FTSE Russell as benchmark administrator for domestic indices
FTSE Russell has announced that it will begin providing daily index calculations on the Abu Dhabi Securities Exchange (ADX) General…
Bank Muscat launches ‘Integrated Transaction Banking Platform’
In line with its pioneering role in introducing new and innovative digital banking services for the benefit of its customers,…
Egypt to issue first sovereign sukuk
Egypt is seeking to finalize the executive regulations for a sovereign sukuk by the end of this month, in preparation…
Bahrain central bank trials JPM Coin
The Central Bank of Bahrain has teamed up with JP Morgan's blockchain and crypto unit Onyx to test the Wall…