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21 February 08:36 PM SCMF 2024 marks launch of Single Stock Options contracts on SNB
Riyadh – Mubasher: The third edition of the Saudi Capital Market Forum (SCMF) has witnessed the successful rollout of Single Stock Options (SSOs) contracts on the Saudi National Bank (SNB). The debut of SSOs on the SNB is expected to empower both …
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31 January 09:50 AM Standard Chartered launches business in Egypt to boost MENA presence
 Cairo – Mubasher: Standard Chartered officially began operating in Egypt after receiving final approval from the Central Bank of Egypt (CBE) to anchor its footprint in the MENA region, according to a press release. In line with Egypt’s 2030 …
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8 January 11:36 AM Ooredoo, Commercial Bank partner to bolster bill payments
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with the Commercial Bank to introduce an innovative direct debit solution through the CBQ Mobile App. The partnership will enable customers to seamlessly establish automatic …
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21 December 2023 08:15 PM Egypt’s C.bank keeps interest rates unchanged in 2023 last meeting - Updated
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on 21 December 2023 to maintain the rates of overnight deposit and lending at 19.25% and 20.25%, respectively. The CBE also kept the main operation …
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18 December 2023 01:49 PM Bloomberg, IdealRatings launch Sharia-aligned Sukuk indicator
Mubasher: Bloomberg and IdealRatings have jointly launched Islamic Sharia-compliant indicator for Sukuk on the Bloomberg Terminal to meet the increasing demand for Islamic fixed-income securities from global investors, according to a press …
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11 December 2023 08:12 PM ADIB lists world’s 1st USD-denominated Green Sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) listed the first USD-denominated green Sukuk in the world on Abu Dhabi Securities Exchange (ADX) on 8 December 2023 and was more than 5 times oversubscribed, according to a press release. The …
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11 December 2023 02:07 PM Standard Chartered’s MENA Credit Outlook forecasts robust performance for Qatar in 2024
Mubasher: The latest MENA Credit Outlook 2024 by Standard Chartered anticipated a strong credit outlook for Qatar next year, according to a press release. The robust performance is driven by Qatar’s liquefied natural gas (LNG) expansion in …
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7 December 2023 00:36 PM Travellers through Kuwait International Airport now offered multi-currency ATM by KIB
Mubasher: The listed Kuwait International Bank (KIB) has installed a new multi-currency ATM at the Kuwait International Airport to offer a smoother and more integrated experience for its customers without the need to visit any of the KIB’s …
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6 December 2023 03:53 PM UAE’s FAB commits AED 500bn as largest sustainable financing by MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) announced plans to lend, invest, and facilitate more than AED 500 billion ($135 billion) in sustainable and transition financing by 2030. The target marks an 80% increase compared with FAB’s 2021 …
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5 December 2023 06:02 PM FAB joins forces with ENGIE at COP28 to enhance decarbonisation solutions
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has teamed up with French energy multinational ENGIE by signing a memorandum of understanding (MoU) agreement during the 28th UN Climate Change Conference of the Parties (COP28) to advance their …
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5 December 2023 05:04 PM DFM’s carbon credits pilot platform debuts at COP28 as trading commences; listed entities take part
Dubai – Mubasher: The carbon credits trading pilot programme by Dubai Financial Market (DFM) was launched on 5 December 2023, where institutional investors will be able to buy and sell until 11 December. Making its debut at the 28th UN Climate …
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30 November 2023 11:45 AM Ajman Bank, Mastercard partner to foster cross-border payment globally
Dubai – Mubasher: Ajman Bank has teamed up with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through the lender’s digital app. The listed bank will deploy its digital banking platform to offer …
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30 November 2023 09:35 AM OPEC Fund backs SMEs in West Africa via EUR 50m loan
Mubasher: The OPEC Fund for International Development signed a EUR 50 million loan with the West African Development Bank (BOAD) to support small and medium-sized enterprises (SMEs). The investment will also endorse financial institutions and back …
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29 November 2023 10:25 AM Emirates NBD anchors SMEs in region via Erguvan pilot launch
Dubai – Mubasher: Erguvan, a climate and fintech venture that Emirates NBD recently invested in, launched a pilot programme to deploy its carbon management solution Azalt among regional small and midsize enterprises (SMEs). The project was …
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23 November 2023 00:07 PM Mashreq, Visa, Ecolytiq launch MENA’s 1st climate banking platform
Mubasher: Mashreq partners with Visa and Ecolytiq to roll out a MENA-first personal banking platform that offers carbon emissions insights, according to a press release. Mashreq clients will be able to access valued features that will help them …
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22 November 2023 09:49 AM EIB expands footprint in MENA with new regional hub in Egypt
Cairo – Mubasher: The European Investment Bank (EIB) inaugurated a new regional hub in Egypt to boost cooperation with private and public partners across the MENA region. The new regional hub is located alongside the European Union (EU) delegation …
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29 October 2023 05:08 PM With total $746m at FII7, ACWA Power builds on EBRD-OPEC Fund agreement, joins EIC
Riyadh – Mubasher: ACWA Power Company has concluded agreements with international entities at a combined value of $746 million during the seventh Future Investment Initiative (FII7) conference which was held in the capital of Saudi Arabia on 24-26 …
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24 October 2023 03:16 PM SEC secures $3bn financing from 4 banks; deal signed during FII7
Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …
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23 October 2023 03:10 PM Emirates NBD launches digital wealth platform for trading on global, local markets
Dubai - Mubasher: Emirates NBD has initiated a digital wealth platform within its newly launched ENBD X mobile application to allow trading securities and exchange-traded funds (ETFs) on global and local exchanges, according to a press release. …
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19 October 2023 05:29 PM FAB issues largest-ever USD Tier 2 conventional bond from MENA bank
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) recently issued its inaugural USD Tier 2 capital securities at a value of $1 billion to become the largest conventional bond of its kind from a MENA bank. The 10.5NC5.5-year bond, which was offered …
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9 October 2023 02:03 PM CBE directs Egypt-based banks to halt debit card use abroad
Cairo - Mubasher: The Central Bank of Egypt (CBE) ordered the lenders operating in the Arab Republic to suspend the use of debit cards outside the state, officials in the financial authority revealed. One of the officials told “Asharq Business” …
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5 September 2023 07:14 PM MENA-focused HyperPay enters strategic partnerships at Seamless Saudi Arabia; listed entities included
Riyadh – Mubasher: Payment gateway provider in the MENA region HyperPay entered into strategic partnerships with prominent organisations at Seamless Saudi Arabia 2023 to help reshape the fintech landscape and elevate customer experiences, …
Fahad Mubarak Al Guthami, CEO of American Express Saudi Arabia
5 September 2023 09:44 AM American Express, SAB launch product to foster SMEs in Saudi Arabia
Riyadh – Mubasher: American Express has joined forces with Saudi Awwal Bank (SAB) to launch a product that anchors small and medium-sized enterprises (SMEs). In an interview with Mubasher on the slides of the Seamless Saudi Arabia 2023 conference, …
Partnership between OneCard and SAB
4 September 2023 02:07 PM OneCard collaborates with SAB to enhance digitalisation
Riyadh – Mubasher: Online payment service provider OneCard and Tadawul-listed Saudi Awwal Bank (SAB) entered a partnership to endorse digital payment solutions. Under the joint agreement that was concluded on the first day of Seamless Saudi Arabia …
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27 August 2023 01:56 PM Qatar’s QNB expands operations in Saudi Arabia
Mubasher: Qatar National Bank (QNB) Group has opened its second branch in Saudi Arabia to boost its presence in the region. The new office is located in the port city of Jeddah, where the lender will offer solutions for its retail and corporate …