Kuwait’s central bank approves launch of new WAMD instant payments system
Banks and financial institutions across Kuwait are going live this week with WAMD, the country’s new instant payment system that…
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CBUAE explores solutions and initiatives to achieve "zero bureaucracy” in the financial sector
The Central Bank of the United Arab Emirates has launched its “Zero Bureaucracy” initiative in the financial sector, aligning with…
Business, data skills leverage Qatar’s position in job market
Qatar is at the forefront of moving up its ranking in the employment sector by improving business and data skills,…
PwC adds 92 new partners to its offices in the Middle East
Global accounting and consulting firm PwC has kicked off its new financial year with 92 new partners. The firm…
Africa Specialty Risks officially opens office in Dubai International Financial Centre
Africa Specialty Risks, the pan-African and Middle East focused reinsurance group, is pleased to announce the opening of its Dubai…
Oliver Wyman welcomes Cyril Semaan as new partner
Oliver Wyman has welcomed Cyril Semaan as a partner in its Middle East business. Installed as a partner in…
H1 2024 dealmakers: Top Middle East wealth funds invested $38.2bln in 58 deals
The first six months of 2024 saw 27 mega-deals, which are deals of more than $1 billion in value invested…
Prince Alwaleed re-appointed as Chairman of Kingdom Holding
The board of directors of Saudi Arabia’s Kingdom Holding Company (KHC) has re-appointed Prince Alwaleed bin Talal as Chairman until…
AXA IM Alts expands its global presence with the opening of its first office in the Middle East
Ammar Bukhamsin appointed to lead the local office and Co-head MENA Client Group alongside newly promoted François Boissin- AXA…
EBRD, EU and GCF boost green and inclusive financing for Egyptian MSMEs
EBRD and GCF to provide a Green Economy Financing Facility (GEFF II) loan of up to US$ 50 million to…
Saudi Arabia ranks 3rd in remittance outflows globally in 2023: World Bank report
Saudi Arabia ranked third globally and second in the Arab world in terms of countries sending international remittances during the…
Turkey removed from FATF money laundering grey list
The international crime watchdog Financial Action Task Force (FATF) removed Turkey from its “grey list” of countries that require special…