Saudi, UAE Central Banks Team Up to Test Cryptocurrency
The central banks of the United Arab Emirates and Saudi Arabia are reportedly launching a pilot initiative that will see…
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Saudi Arabia to create $8bn export bank
Saudi Arabia will establish an export bank with capital of US$8 billion to support overseas sales by its industrial and…
UAE FMA launches Emiratisation plan
The UAE Financial Markets Association, UAE FMA, has announced the launch of the ‘Emiratisation Optimal Performance Scheme’ to encourage and…
Middle East professionals embracing bitcoin
As the fervor for cryptocurrencies climbs to a crescendo in Europe and the US, the countries of Asia remain mixed.…
Bahrain banks to set up dedicated R&D fintech firm
A trio of Bahraini banks has announced plans to establish a company dedicated to research and development in the sharia-compliant…
CBB Issues Wholesale Banking License To Branch
The Central Bank of Bahrain announced that it has issued a license to Mashreqbank PSC to open a wholesale bank…
Private Sector To Play Bigger Role In Qatar Growth
The strategic document will discuss the role of private sector in further leveraging its role in the national economy, Emiri…
Egyptian Billionaire Sawiris To Launch New Gold Investment Vehicle
Egyptian billionaire Naguib Sawiris is set to launch a new investment vehicle to acquire gold-mining assets across the world, expanding…
SMBC to set up unit in Saudi Arabia
Sumitomo Mitsui Banking will establish a subsidiary in Riyadh by the end of the year, in an effort to help…
Dubai Financial Market introduces General Clearing Member service
General Clearing Member service, GCM, enabling approved local banks to provide brokerage firms with clearing and settlement services. Dubai…
Fidor to bolster Dubai regional hub
Fidor, the innovative provider of digital banking solutions that helps banks launch and run their own digital brand, today puts…
Axis Bank Uses Ripple To Open New Payment Corridors Between The UAE And Singapore
For Standard Chartered and Axis Bank, Ripple's enterprise blockchain platform is being used to unlock the $15 billion trade corridor…