Friday 26 May 2017

World Bank offers $350m support to Morocco reforms

The World Bank has announced a $350 million programme to support wide-ranging reforms of financial intermediation in Morocco. The operation supports new sources of financing for small and medium enterprises (SMEs) while improving the regulatory oversight of the banking sector.


Apple Multi-Asset starts trading DGCX Shanghai Gold Futures

The Dubai Gold and Commodities Exchange (DGCX) recently launched a new financial product -- Shanghai Gold Futures (DSGC). This is the first time a Chinese futures product can be accessed outside of China and also traded and settled in Yuan. Apple Multi-Asset DMCC (


CrediMax launches new premium cards

CrediMax, a pioneering credit card issuer and acquirer in Bahrain, has launched its newest Top Premium Cards, Visa Infinite and MasterCard World Elite with a range of exciting benefits. The launch was held during a cocktail reception party at the Ritz-Carlton Hotel Bahrain.


Saudi 'making good progress in boosting private sector'

Saudi Arabia is making good progress in identifying and reducing obstacles to private sector growth and a large, sustained fiscal adjustment is needed to achieve budget balance over the medium term, an IMF report said.    An International Monetary Fund (IMF

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