Dubai's international visitors nearly triple to 8.1mln in July
The number of international visitors arriving in Dubai has nearly tripled and is closing in on pre-COVID-19 levels, with traffic…
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Global sukuk issuance projected to reach $257bln by 2027
Global sukuk issuance raised $100.9 billion in the first half of 2022, slightly lower than the $104.2 billion issued during…
Central Bank of Egypt selects Acumen.plus
Profile Software has announced that the Central Bank of Egypt has selected Acumen.plus, the internationally implemented Treasury Management System, to…
EBRD supports green, low carbon investments in Turkey
EBRD €50 million loan to Yapi Kredi Leasing to expand green financing Funds to be used for energy efficiency, renewables…
Gulf banks lag regional peers on gender parity in boardroom
Most big banks in the Gulf Cooperation Council have no women board directors, according to an S&P Global Market Intelligence…
BofA relocating Russian staff to Dubai as Ukraine war drags on
Bank of America is moving some of its Russian staff to Dubai, Reuters reported citing two unnamed sources. The…
US$13 billion in Gulf deposits allays some pressure on Egypt following capital flight from emerging markets
Last week, the Central Bank of Egypt announced that it had obtained US$13 billion in deposits from countries in the…
EFG Hermes successfully concludes advisory on UAE-Based AD Ports acquisition of a 70% stake in Transmar and TCI
EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully…
Central Bank of Bahrain tests bitcoin payment infrastructure
OpenNode, a provider of Bitcoin infrastructure, will test its payment processing and payouts platform in Bahrain, within a regulatory sandbox…
Jordanian FinTech liwwa bags $18.5m pre-Series B
Liwwa, a peer-to-peer lender, has raised $18.5m pre-Series B round of equity and debt funding. The equity raise –…
US$ 188bln worth of Sukuk issued in 2021
The International Islamic Financial Market announced the launch of the 11th Edition of its Annual Sukuk Report. The research report…
Dubai ranked 23rd-most popular city for world’s ultra-wealthy
Dubai is the 23rd-most popular city in the world for ultra-wealthy residents, after the emirate recorded an 18 per cent…