Wednesday 4 October 2023

Over 1,000 global finance industry leaders to convene in Dubai

Dubai is set to take centre stage on action for climate change as it readies to welcome over 1,000 finance industry leaders, including more than 50 speakers, representing 30 countries, at the first Future Sustainability Forum.    Hosted by Dubai Internation


IBMC launches Integrated International Trade-Flow System

IBMC, the UAE-based financial services consultancy and eMarket Place Trade Flow Service Provider, has launched an innovative Integrated International Trade-Flow System. The innovative platform connects 100-plus countries and 30-plus sectors to empower economies, industries and corporates supp


Investcorp announces successful listing of PT Multitrend Indo

Investcorp, a leading alternative investment firm, has announced the successful initial public offering (IPO) and listing on the Indonesian stock exchange of its portfolio company PT Multitrend Indo, Mothercare Indonesia’s franchisee.    Mothercare is


72pc of Mena SMEs eye similar or increased revenue in 2023

Small and medium enterprises (SMEs) in the Middle East and North Africa (Mena) are optimistic about 2023 revenue projections with 72% of SMEs projecting similar or increased revenue in the next 12 months.    This trend is the strongest in Qatar with 88% of


Benefit acquires Bahrain Fintech Bay

Benefit, Bahrain's leading company in Fintech and electronic financial transactions services, has signed an agreement to acquire Bahrain FinTech Bay (BFB), a leading fintech hub in the region that incubates impactful and scalable initiatives.    This ag


BankDhofar opens its 100th branch in Oman

BankDhofar, a leading financial institution in Oman, has inaugurated its 100th branch in the heart of the city reinforcing its pivotal role in the sultanate's economic development.    The launch reaffirms BankDhofar’s commitment to extend financia


Bank ABC goes live with instant blockchain payments

Bank ABC has become the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial institutions utilising JP Morgan’s Coin Systems. Coin Systems is a blockchain-based permissioned system that serves as a payment rail and d


5 Mena project leaders make it to PMI's 2023 Future 50 list

Project Management Institute (PMI) has announced the 2023 Future 50 list, featuring 50 outstanding Rising Leaders, including five from the Mena region, who are transforming the world and reshaping the future through projects.    These 50 individuals represe


National Bonds, UAQ FTZA to empower over 9,000 entities

National Bonds and Umm Al Quwain Free Trade Zone Authority (UAQ FTZ) have partnered to enable more than 9,000 registered company employees to leverage National Bonds’ saving solutions to help them plan their retirement.    This partnership aligns with


EFG Hermes concludes advisory on $290m Lumi IPO on Tadawul

EFG Hermes says its investment banking division successfully completed advisory on the $290 million initial public offering (IPO) of Lumi Rental Company, one of the leading car rental and leasing firms in Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO.   

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