Diversification of markets needed
Home remittances continue to fall. In the first five months of this fiscal year (July-November 2022), inflows of remittances totalled…
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Central Bank of Bahrain increases key interest rates
The Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate in light of international financial…
Dubai IPO boom sees banks target more Middle East deals in 2023
Dubai, the UAE in general and Saudi Arabia are defying the worst slump in IPOs since the financial crisis as…
Turkish bank goes live with Murex system & other news
In other news, BNP Paribas creates ‘Private Assets,’ Cboe Clear Digital achieves a key certification & Credit Suisse trades tokenized…
Majid Al Futtaim and Standard Chartered launch the region’s first sustainable supply chain finance programme
Majid Al Futtaim Retail, operator of the Carrefour franchise in the Middle East, Africa and Asia, and Standard Chartered Bank…
Wipro Announces the Launch of Capco in the Middle East
Wipro Limited, a leading technology services and consulting company, today announced the launch of a new Middle East financial services…
Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE
Temenos has announced that it has signed an agreement to grant license rights to NdcTech, a wholly owned subsidiary of…
National Bank of Fujairah welcomes the latest group of Management Training Programme participants
National Bank of Fujairah has welcomed the eleventh group of 26 participants in its annual Management Training Programme (MTP), supporting…
Middle East Becomes IPO Oasis Amid Cooling Financial Markets
The Middle East has become a bright spot among financial markets as IPO activity declines. Initial public offerings (IPOs)…
Saudi Central Bank raises interest rates by 50 bps
The Saudi Central Bank, known as SAMA, raised the Repo rate by 50 basis points to 5 percent, following the…
Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits
Local banks have finally started a new round to attract an additional amount of high-cost deposits, however, to upset the…
Shuaa Capital launches three funds amid growing investor demand
Dubai investment banking and asset management firm Shuaa Capital has set up three Sharia-compliant funds in the Abu Dhabi Global…