Tag: Finance
Emirates NBD to help DMCC ventures with deferred payment offer
The Dubai Multi Commodities Center (DMCC) has agreed with the Emirates NBD, one of the largest banking groups in the Middle East to allow...
MasterCard to help Delivery Hero digitize its payment system
Multinational online food-delivery service, Delivery Hero, has chosen MasterCard to digitize its payment system across all brands in the MENA region.
The project is spread...
New $500m Islamic fund offered by Abu Dhabi’s Waha Capital
Abu Dhabi-based investment company, Waha Capital has launched has new income-focused Islamic fund, adding to its three existing funds within its asset management business.
The...
Nasdaq Dubai eyes Chinese IPOs with a strategic partnership
Dubai-based stock exchange, Nasdaq Dubai has entered into a strategic cooperation agreement with Hong Kong-based Zhongtai Financial International and Beijing Tian Tai Law Firm...
Cryptocurrency-backed loan offered by Russian Bank
Moscow-based Russian commercial bank Expobank has created history by providing the region's first loan which has cryptocurrency tokens as its collateral.
The loan, backed by...
UAE Apex Bank promotes recovery with new revisions to banking ratios
The Central Bank of the UAE (CBUAE) has decided on reviewing two significant operational ratios for banks operating in UAE to encourage the implementation...
GCC Sukuk issue to grow in H2 2020; Moody’s
The international credit rating agency Moody's expects the Gulf Cooperation Council (GCC) countries to lead the issuance of Islamic debt or Sukuk in the...
Asia to see 41.4% drop in money transfer from Middle East...
A new report from Asian Development Bank (ADB) expects the Middle East region to Asia remittance to drop by $22.5 billion during 2020 which...
