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DP World, Paypal ink deal to speed-up cross-border tradeDP World has signed an agreement with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed-up cross-border trade. The agreement, which could see transactions executed in minutes rather More… |
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Bank ABC backs FinTech Forward 2025 as Platinum SponsorBank ABC, MENA’s leading international bank headquartered in Bahrain, has announced its participation as a Platinum Sponsor for the upcoming edition of FinTech Forward in Bahrain. Recognised as the region's premier strategic FinTech forum More… |
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IHC invests $1bn in India’s Sammaan CapitalIHC, a global investment company focused on building dynamic value networks, on Thursday announced that it has entered into an agreement to invest $1 billion (INR 8,850 crore) in Sammaan Capital Limited. Sammaan Capital Limited, publicly listed on More… |
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Saudi Arabia pre-budget estimate sees 3.3% deficit in 2026The Saudi Ministry of Finance estimates a total expenditure of SAR1,313 billion ($350.1 billion) and total revenues about SAR1,147 billion ($305.84 billion) in its pre-budget statement for the fiscal year 2026. The statement projects a deficit of 3.3% of GDP, More… |
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Saudi CMA seeks opinion on opening Main Market to non-resident foreign investorsSaudi Arabia's Capital Market Authority (CMA) has called on relevant and interested persons participating in the capital market to share feedback on opening the Main Market to all categories of non-resident foreign investors and enabling them to directly invest in it. & More… |
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Franklin Templeton expands in Middle East with new Kuwait officeFranklin Templeton, one of the world’s largest asset managers, has announced that it is expanding its presence in the Middle East with a new office in Kuwait- Franklin Templeton Global Investors Limited, Kuwait. Jenny Johnson, President & CEO, More… |
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Emirates Islamic to introduce region’s first Amazon Credit CardEmirates Islamic has joined forces with Amazon UAE and Mastercard to launch the first Amazon Credit Card in the Middle East and North Africa region. Soon to be available exclusively in the UAE, the new credit card is packed with a wide range of lifestyle More… |
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QNB Group receives Saudi SAMA approval for digital bankQNB Group, the largest financial institution in the Middle East and Africa, has received licence approval for a digital-first banking entity, ezbank, from the Saudi Central Bank SAMA, in cooperation with Ajlan & Bros Holding, with a capital of SAR 2.5 billion ($666.6 million). More… |
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Muna AlHashemi becomes first woman to chair Benefit boardBenefit, Bahrain's leading company in fintech and electronic financial transactions service, has chosen Muna AlHashemi as Chairperson of its Board of Directors. It marks a historic milestone as she will be the first woman to assume this position in the company’s history. More… |
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Merak Capital unveils KSA's first fashion sector private equity fundSaudi Arabia's Cultural Development Fund signed an agreement with Merak Capital to establish the Kingdom’s first private equity fund dedicated to the fashion sector, with a total value of SAR300 million ($80 million). The new private equity fund will More… |
