The Central Bank of Bahrain (CBB) has raised the overnight deposit interest rate by 25 basis points from 4.25% to 4.50%, effective September 17. The move comes following the US Federal Reserve’s announcement to raise the Interest Rate on Reserve Balances (IORB) by 25 basis points.
BHM Capital Financial Services has commenced operations on the Astana International Exchange (AIX) in Kazakhstan.
Neopay, a leading payments solutions provider in the UAE, has partnered with Commercial Bank of Dubai (CBD) to help small and medium-sized enterprises (SMEs) gain easier access to financing for their working capital requirements and banking services, supporting their growth and day-to-day business needs.
Citi Chair and CEO Jane Fraser this week met with senior leadership of the United Arab Emirates, including HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi.
National Finance, Oman’s leading finance and leasing company, has entered into a cooperation agreement with renowned Omani footwear brand Lozari.
The Abu Dhabi Securities Exchange (ADX) Group and DFNS, a digital-asset custody technology provider, have tied up provide digital asset wallet and tokenisation capabilities for on-chain assets.
The Central Bank of the UAE (CBUAE) and Mastercard have concluded a capacity-building programme to boost national capabilities to tackle evolving risks across the digital payments ecosystem.
Standard Chartered Bank’s market outlook has highlighted opportunities across bonds, equities and gold even as panelists spotlighted India’s structural growth story.
Sullivan & Cromwell, a global law firm, has announced the opening of its new office in Abu Dhabi, thus reinforcing its long-term commitment to the Middle East. Located in ADGM, it will enhance the company's ability to serve clients in UAE, Saudi Arabia and across the region.
Salama, Islamic Arab Insurance Company (Salama), the first Takaful insurer in the Middle East, and Ajman Bank have entered into a strategic partnership to provide Takaful solutions to Ajman Bank customers.
