Bahrain mulls issuing digital version of its currency
The Central Bank of Bahrain is conducting a study on the possibilities...
Tag : Finance
GFH Financial lists $300 mn Sukuk on Nasdaq Dubai for further expansion
The listing will give GFH a competitive advantage as it forays into the international debt capital markets...
Emirates NBD Egypt is first in MENA to use switch technology for card payments
Mastercard World Switch Card will interlink both credit and debit accounts, allowing cardholders to switch to either for payments...
Bahrain’s GFH acquires 70% stake in Dubai fintech Marshal
While GFH will hold a 6.3% stake in Marshal, GFH’s investors will hold up to 63.7%...
First Abu Dhabi Bank sells sterling-denominated bonds worth $584 mn
FAB’s issuance becomes the Middle East’s largest sterling-denominated bond in ten years...
Toyota-backed Kenyan logistics startup Sendy raises $20mn in Series B funding round
Sendy currently has around 50,000 customers and offers its services to over 4,000 businesses across key cities of Kenya...
Axa explores sale of its Middle East operations
The insurance firm is working with HSBC on its strategic sell off plan...
WEX to acquire Singapore fintech eNett, Optal for $1.7 billion
Optal is a shareholder of eNett and the primary issuer of eNett payments...
Western Union, Bharti Airtel to launch cross-border payment in Africa
The real-time cross-border payment service will drive financial inclusion across the continent...
Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...