Axa exits Gulf operations by selling stake for $269m to Kuwaiti firm
Axa sold its Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus…
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UAE, Saudi Arabia progress with common digital currency for central banks
The central banks of the UAE and Saudi Arabia have officially launched a project for a common digital currency. …
Emirates NBD Debuts Omnichannel Corporate Banking Program
Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform…
Emirates NBD unveils next-generation global corporate banking platform, ‘businessONLINE’
Emirates NBD, has unveiled its next-generation global corporate banking platform, ‘businessONLINE’. The Group-wide, single instance, omnichannel platform delivers a…
Maha Rashad named head of Simon-Kucher's office in Egypt
Simon-Kucher & Partners has appointed Maha Rashad as Managing Director of its Cairo office. The international strategy and sales…
Top US consultancy withdraws from 'crucial' central bank work
Alvarez & Marsal has exited its role as consultant to Lebanon’s central bank, after a sustained standoff saw the financial…
Banque Misr, NBE acquire 40% of stocks of Western Union's representative in Egypt
Banque Misr and Al Ahly Capital Holding Company , investment arm of the National Bank of Egypt, inked an agreement…
Al Rajhi Bank names new chairman, vice chairman
Al Rajhi Bank’s elected Board of Directors approved appointing Abdullah bin Sulaiman Al Rajhi as the Chairman of the board…
Egypt's EAPD, AfDB discuss proposed fields of bilateral cooperation
Secretary General of the Egyptian Agency of Partnership for Development (EAPD) Mohamed Amin Khalil discussed on Thursday with director of…
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
Sarwa Capital for consumer and structured financial services has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk, a subsidiary…
FinTech Abu Dhabi Festival 2020 concludes with largest edition yet
The FinTech AD Festival 2020 was held in partnership with the Abu Dhabi Chamber of Commerce and Industry, the Abu…
Egypt’s central bank issues LE 21B on T-bills Thursday
The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 182-day…