Wednesday 30 November 2022

Swift Go sign-ups triple as it makes good progress on G20 goals

Swift, the largest and most streamlined method for international payments and settlements, has reported significant progress in 2022 toward the G20’s goals for enhancing the cross-border experience.    This was done by rapidly setting a new standard f


Saudi real GDP growth to hit over 7pc in 2022 on high oil

Saudi Arabia is set to become one of the world's fastest-growing large economies in 2022 with a real GDP growth in excess of 7%. The current account surplus will hit 13.7% of GDP in 2022, according to top ratings agency S&P Global.   The growth was mainl


Qatar executives bullish on future economic growth

Executives in Qatar remain bullish about future prospects for the country, with around 82% expecting the economic growth of the coming five years to meet or exceed forecasts.     This is according to the latest findings in the Qatar Investment Outlook


KSA capital markets to be ‘key to powering corporate investments’

Saudi Arabia’s capital markets will play a key role in funding not just private sector investments but also giga-projects such as Neom, the IPO for which is expected in 2024, said S&P Global Ratings.   Government reforms and high oil p


StanChart launches Islamic Sustainable Account in UAE

Standard Chartered has launched the Islamic Sustainable Account (SA) in the UAE. This new product, offered to large corporates, provides clients with the opportunity to embed sustainability into their cash management whilst maintaining daily access to their cash for critical liquidity managem


OBG 2023 report to analyse Bahrain's non-oil GDP growth plan

Oxford Business Group (OBG) has announced the team that will be leading the next phase of its operations in Bahrain. In its new investment report, set to be released in 2023, OBG will analyse the country’s efforts to boost non-oil GDP.   The Report: Bahrai


UAE’s strong economy to pull in ‘more foreign investments’

Robust investment flows to the UAE are expected in the coming years on the back of the country’s consistent strong economic performance, steady growth and ambitious development plans in the next 50 years, said an expert.    “More investors conti


Jingle Pay partners with Mastercard to boost financial inclusion

Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide innovative digital payment solutions that will drive financial inclusion.    Jingle Pay users can now access the power and


EFG Hermes advises on $204m IPO of Dubai-based Taaleem

EFG Hermes, a leading investment bank franchise, said its Investment Banking division completed advisory on the $204 million initial public offering (IPO) of Dubai education provider Taaleem.    Taaleem has been listed on the Dubai Financial Market (DFM). T


SABB partners with Cybersource for eCommerce space

  Saudi British Bank (SABB) has announced a strategic partnership with Visa’s Cybersource payment gateway and risk platform, with the aim of fostering the bank’s growth in an evolving and dynamic eCommerce space.   This partnership

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