Friday 3 December 2021

Aramco’s Wa’ed invests $5.06m in fintech startup Lamaa

Wa’ed, Saudi Aramco’s entrepreneurship arm, has announced a SR19 million ($5.06 million) Pre-Series A investment co-led with Raed Ventures in Lamaa, a Saudi-based fintech startup. Lamaa provides financing solutions for small and medium enterprises (SMEs), including Supply Chain Fi


WGC members contribute $38bn to local economies in 2020

Collectively, World Gold Council (WGC) member companies have contributed $37.9 billion to the GDP of  the countries where they operate in the form of taxes, salaries and payments to suppliers.    This represented 63% of the total revenue they received


ExxonMobil to double earnings, cash flow and cut emissions

ExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year.   It will increase spending to $15 billion on greenhouse gas emission-reduction projects ov


Batelco unveils first digital financial super app in Bahrain

Bahrain's leading telecom services operator Batelco today (December 1) took a major step forward, introducing its new Beyon Money brand, in line with its strategy to move beyond its core business and venture into the world of FinTech.    The brand revea


NBB says committed to supporting women in workforce

The National Bank of Bahrain (NBB), in-line with the Supreme Council for Women’s values, continues to strengthen its commitment to supporting women in the workforce by enhancing policies and procedures within the organisation.    In addition, and with


Jahez to list on the Saudi Exchange’s Parallel Market Nomu

Jahez International Company for Information Systems Technology, Saudi Arabia’s leading online food delivery platform, has decided to proceed with an initial public offering (IPO) and list its ordinary shares on the Saudi Exchange’s Parallel Market (Nomu).  


11th FinTech Series to be held in Bahrain on December 5

Thought leaders and experts from FinTech corporates and financial institutions will shed light on retail banking innovation and what is expected for the sector in the year 2022 at the 11th FinTech Series.    The virtual series is titled “Innovation in


WTO, IFC enhance cooperation on trade finance

The World Trade Organization (WTO) and International Finance Corporation (IFC) have agreed to enhance cooperation between the two organizations in order to explore ways to improve the availability of trade financing for regions in need. In a joint statement, WTO Director-General


Bahrain launches new investment platform

Bahrain's Economic Development Board today announced the launch of the investment platform that allows investors to access investment opportunities in the Kingdom's strategic projects.   The move is part of Bahrain's Economic Recovery Plan


Bahrain ranks 4th globally in Islamic Finance

Bahrain has ranked fourth in the world and second in MENA for Islamic finance development according to the 2021 Islamic Finance Development Indicator – IFDI 2021 by Refinitiv, a leading provider of intelligent information for businesses and professionals.   

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