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02 October 01:40 PM

Banking & Insurance

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5 September 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, …
Companies Investments
Fahad Mubarak Al Guthami, CEO of American Express Saudi Arabia
5 September 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, …
Companies Investments
Partnership between OneCard and SAB
4 September 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 …
Banking and Finance
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11 July 04:13 PM Emirates NBD leads MENA’s banks in offering fractional bonds
Dubai – Mubasher: Emirates NBD has provided fractional bonds for individual investors to allow them to gain access to international bond markets with a minimum investment of $25,000. The DFM-listed lender became among the first banks in the MENA …
Global Economy
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14 June 06:12 PM Saudi oil giant Aramco tops Forbes ME's 100 Listed Companies 2023
Mubasher: Saudi Arabia has dominated Forbes Middle East’s Top 100 Listed Companies with 33 entries, followed by the UAE with 28, Qatar with 16, and Kuwait with nine. Stock markets have been under pressure amid high inflation and global unrest, as …
Sector Reports
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14 May 11:21 AM UAE collaborates with Bloomberg, Euroclear Bank to offer solution for Islamic bonds
UAE – Mubasher: The UAE Ministry of Finance teamed up with Bloomberg and Euroclear Bank to launch a new auction solution which will enable the ministry, in collaboration with the Central Bank of the UAE (CBUAE), to issue dirham-denominated Islamic …
Central Banks
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20 April 01:09 PM AIIB to launch 1st overseas office in Middle East
Mubasher: The Asian Infrastructure Investment Bank (AIIB) has chosen the Middle East to open its first overseas office after it signed a host member agreement with the UAE to officially operate in Abu Dhabi, according to a press release. The …
Global Economy
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16 April 05:58 PM ADIB becomes 1st Islamic bank to go live on KYC Blockchain Platform
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank that went live on the UAE’s KYC (Know Your Customer) Blockchain Platform. Through the platform, which is a national ecosystem for the exchange of verified KYC …
Companies Investments
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9 February 04:08 PM Egypt’s Yodawy secures $16m in funding round backed by regional entities
Cairo – Mubasher: Yodawy, an Egyptian digital healthcare startup, has raised $16 million in the first close of its Series B funding round that was co-led by the UAE-based venture capital (VC) firm investing across the Middle East and Africa (MEA) …
Banking and Finance
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25 January 04:06 PM Kuwait raises discount rate as of Thursday
Mubasher: The Central Bank of Kuwait (CBK) decided to lift the discount rate by 0.50% to 4% from 3.50% starting from Thursday, 26 January 2023. The decision is part of recent developments in local and international economic conditions, in addition …
Central Banks
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17 January 04:20 PM ITFC, ISFD announce $150m support programme for LDMCs
Riyadh - Mubasher: The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), members of the Islamic Development Bank (IsDB) Group, penned a $150 million Mudaraba deal. The trade finance …
SM - Private Companies News
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25 December 2022 02:41 PM Consolidated assets of Arab banking sector may reach $4.4trn by year-end
Cairo - Mubasher: The Secretary General of the Union of Arab Banks (UAB) Wissam Fattouh said the consolidated assets of the Arab banking sector are expected to reach $4.40 trillion by the end of 2022. This represents a year-on-year (YoY) increase …
Macroeconomics
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6 December 2022 03:29 PM OneOrder raises $3m seed round; total investment tops $10m
Cairo – Mubasher: Egypt-based B2B marketplace connecting restaurants to suppliers, OneOrder, announced closing a $3 million seed round led by Nclude as well as returning investor A15. This brings the company’s total investment to $10.50 million. …
Global Economy
CEO of APICORP, Khalid Ali Al-Ruwaigh
7 November 2022 02:25 PM APICORP, Hartree ink $75m Islamic facility for voluntary carbon offsets
Riyadh - Mubasher: The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, announced the signing of a $75 million Murabaha agreement in favor of Hartree Partners Power & Gas Company (UK) Limited, …
Companies Investments
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13 September 2022 03:43 PM FAB to finance Middle East sustainable projects with $75bn by 2030
Mubasher: First Abu Dhabi Bank (FAB) plans to endorse sustainable development projects across the Middle East with financing worth $75 billion by 2030, Ahram Gate cited Shargiil Bashir, Chief Sustainability Officer at FAB. Bashir pointed out that …
Macroeconomics
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1 September 2022 04:51 PM Ajman Bank to launch world’s 1st Mastercard Touch Card
Dubai – Mubasher: Mastercard and Ajman Bank announced launching the world-first Touch Card, an accessible payment card that will enable blind and partially sighted people to easily facilitate payments and distinguish between their cards. The new …
Banking and Finance
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7 August 2022 01:49 PM GCC leads Forbes Middle East’s top 30 banks 2022 list
Mubasher: Gulf banks dominated Forbes Middle East’s ranking of the Middle East’s Top 30 Banks 2022, with 25 out of the 30 based in the GCC. Saudi Arabia and the UAE were the most represented countries on the list, with 10 and seven banks, …
Global Economy
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28 June 2022 02:15 PM DIFC initiates 1st Open Finance Lab in region; listed banks participate
UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …
Global Economy