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Retail Banking

Saudi Arabia offers EGP 270m to 3 Egyptian banks for MSME finance: Mashat

July 5, 2021

Egypt’s Minister of International Cooperation Rania Al-Mashat has announced that the Saudi Arabia Grant Management Committee will provide EGP 270m…

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Comment & Analysis

Dubai's villa market posts its best performance since 2014: ValuStrat

July 5, 2021

Dubai’s villa property market has posted its best performance in about seven years, as demand for residential space continues to…

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Hedge Funds & Alternative Investments

Norwegian pension fund sells off investments linked to Israeli settlements, citing 'international law violations'

July 5, 2021

Norway's largest pension fund announced on Monday it had divested assets in 16 companies for their links to Israel's illegal…

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Comment & Analysis

Green finance volumes surge in Middle East in first half of 2021

July 5, 2021

Green and sustainability-linked debt issuance in the Middle East and North Africa (MENA) region reached $6.4 billion in the first…

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Regulation, Risk & Compliance

QFCRA plans new framework for funds targeting high-net-worth investors

July 5, 2021

The Qatar Financial Centre Regulatory Authority has seeking to put in place a framework for helping the registered firms incorporate…

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Executive Moves

Saudi Arabia names former banker as sovereign debt office's head

July 5, 2021

Saudi Arabia's National Debt Management Center, responsible for managing the kingdom's sovereign borrowing, named Hani AlMedaini its acting chief executive…

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Hedge Funds & Alternative Investments

Mideast SPAC Trickle May Turn to Flood as Dubai’s Shuaa Capital Plans 3 Launches

July 5, 2021

Dubai financial services firm Shuaa Capital PSC is considering setting up three blank-check companies of around $200 million each, according…

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Regulation, Risk & Compliance

QFC signs MoU with Institute of Chartered Accountants of India

July 5, 2021

Qatar Financial Centre  has signed a Memorandum of Understanding  with the Institute of Chartered Accountants of India  to create more…

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Comment & Analysis

Surge in Saudi firms looking to set up operations in Qatar: Pro Partner

July 5, 2021

The number of Saudi-owned companies looking to set up operations in Qatar surged in the first quarter of this year…

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Investment Banking

Saudi EXIM Bank signs deal with ITFC for financing clients

July 5, 2021

The Saudi Export-Import Bank signed a new framework agreement with the International Islamic Trade Finance Corporation  to provide financing, insurance…

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Islamic Finance

IIFM maintains its focused approach on Islamic industry development

July 5, 2021

 The Board of Directors of the International Islamic Financial Market held its forty-fourth (44th) meeting virtually to discuss the standard-setting…

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FinTech

UAE to get first-of-its-kind, homegrown consumer banking marketplace powered by AI

July 5, 2021

The UAE will soon be home to a new entrepreneurial venture, GoFinance, the world’s first fulfilment engine for all consumer…

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