FeaturedTechnologyBinance applies for operating licence in Singapore under new legislationBharath KumarFebruary 17, 2020March 18, 2020 by Bharath KumarFebruary 17, 2020March 18, 2020 The crypto operator has an office set up in Singapore and is backed by Temasek... Read more
FeaturedTradingCGS-CIMB launches online stock trading platform for retail investorsPritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The online trading platform, called iTrade, is also designed to attract students in Indonesia... Read more
FeaturedIslamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
FeaturedTechnologyVietnam ranks ahead of Singapore in 2020 tech startup fundingPritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 Total investment in Vietnamese tech startups reached $741 mn, compared to Singapore’s $693 mn... Read more
FeaturedShipping and PortsDP World to acquire 51% in Ukraine’s TIS Container TerminalBharath KumarFebruary 15, 2020March 18, 2020 by Bharath KumarFebruary 15, 2020March 18, 2020 The acquisition is in line with DP World’s plan to develop robust logistics for transporting cargo from one point to another... Read more
BankingFeaturedSouth Africa to set up wealth fund, state bank to improve financial accessBharath KumarFebruary 15, 2020March 18, 2020 by Bharath KumarFebruary 15, 2020March 18, 2020 The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address... Read more
FeaturedFinanceFirst Abu Dhabi Bank sells sterling-denominated bonds worth $584 mnBharath KumarFebruary 13, 2020March 18, 2020 by Bharath KumarFebruary 13, 2020March 18, 2020 FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years... Read more
FeaturedTechnologyEgypt’s National Bank joins Ripple’s blockchain for faster remittancesPritam BordoloiFebruary 13, 2020 by Pritam BordoloiFebruary 13, 2020 The National Bank of Egypt signed an agreement to use Ripple’s global blockchain platform called RippleNet... Read more
FeaturedFintechBrexit sees German fintech N26 exit UK businessPritam BordoloiFebruary 13, 2020February 13, 2020 by Pritam BordoloiFebruary 13, 2020February 13, 2020 The neobank will close down all accounts on April 15... Read more
BankingFeaturedMaybank Islamic launches first overseas branch in DubaiBharath KumarFebruary 13, 2020March 18, 2020 by Bharath KumarFebruary 13, 2020March 18, 2020 The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance... Read more