Sunday 4 December 2022

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


Middle East represents a rare ‘bright spot’ for M&A

In terms of dealmaking, the Middle East represents a rare ‘bright spot’ supported by government initiatives, strong GDP growth forecast and attractive risk-adjusted returns, said a report.   An overall increase in the LPCI from 6.2x to 6.6x, reflect


Region outlook ‘positive for investment banking’

The region offers a positive and transformational environment for corporate and investment banking, which accounts for about 70% of assets in the GCC amid hopes for the economy and huge private and public sector spending, said an industry expert. Philippe DeBacker, Managing Partn


SwissBorg enters the UAE to redesign the banks of the future

SwissBorg, Europe’s leading cryptocurrency wealth management app, has launched in the UAE, to offer the safest and easiest app to invest and earn interest on assets through Web 3.0.    The award-winning app’s formula for mass adoption is two-fol


China’s GBA presents great investment potential: Investcorp

China’s Greater Bay Area (GBA) boasts a significant number of innovative, growing and profitable private enterprises which together comprise what is referred to as the ‘Factory of the World’ and present great investment potential.   China is ai


Rassanah assigns Shariyah Review Bureau for funds compliance

Saudi-based Rassanah Capital, the latest investment firm having secured licence this year, has assigned Shariyah Review Bureau (SRB) to supervise its compliance requirements.   Aligning to the kingdom’s Vision 2030 and the Islamic finance strategy mapped o


Bybit offers $100m support fund for institutional clients

Bybit, the world’s third most visited crypto exchange, has announced the launch of a $100 million support fund to shore up institutional market makers during this challenging period in the crypto industry.   The fund will offer a helping hand to Bybit&rsqu


GCC banks post interest income of $18.6bn in Q3: Kamco

Net interest income for listed banks in the GCC reached a record quarterly level at $18.6 billion during the third quarter (Q3) of 2022 compared to $17.2 billion during Q2-2022, a report said. The sequential increase was broad-based and was seen across the GCC, added Kuwait-based

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