ASB Capital Acts as Joint Lead Manager for Dubai Islamic Bank’s $1 Billion Sukuk Issuance
ASB Capital acts as Joint Lead Manager for Dubai Islamic Bank’s $1 billion Sukuk issuance, reflecting strong investor confidence in Islamic finance.
Xsquare Partners with Spare to Integrate Pay By Bank Solutions
Xsquare’s partnership with Spare aims to integrate Pay By Bank capabilities, reducing transaction costs and settlement delays for UAE businesses.
Visa Study Reveals Early AI Adopters Will Lead European Banking by 2030
Visa’s survey reveals AI will reshape banking by 2030, with early adopters set to lead. Insights for MENA banks included.
Bahrain Bourse Issues New Investor Relations Guidelines for Listed Companies
The Bahrain Bourse has issued new investor relations guidelines for listed companies, enhancing transparency and accountability in the financial market.
Salik Partners with Shamal for Seamless Parking Payments at Dubai Harbour
Salik and Shamal partner to enhance parking payment solutions at Dubai Harbour, improving urban mobility and digital payment infrastructure.
UK Financial Services Launch ‘Skills Compact’ for AI Workforce Preparation
The UK Financial Services Skills Commission has initiated a ‘Skills Compact’ to prepare workforces for AI changes, involving 20 companies.
Botim and BDO Unibank Partner to Enhance Financial Readiness for Filipinos Moving to UAE
Botim and BDO Unibank partner to enhance financial readiness for Filipinos relocating to the UAE through nationwide seminars.
Dubai Harbour Launches Cashless Parking via Salik Accounts
Dubai Harbour has introduced a cashless parking system, allowing visitors to pay parking fees through their Salik accounts. This initiative is part of a collaboration between Salik Company and Shamal Holding, aimed at enhancing the parking experience at the new multi-storey facility. The move reflects a growing trend towards digital solutions in urban infrastructure, with potential expansions of cashless systems across Dubai on the horizon.
Saudi Fund Launches ‘Alternative Financing’ for Home Buyers
The Real Estate Development Fund has launched its ‘Alternative Financing’ program to enhance housing finance in Saudi Arabia. This initiative aims to increase banks’ lending capacity, facilitating home ownership for more families. The program’s success will be pivotal in reshaping the housing landscape and improving access to home ownership in the kingdom.
Egypt’s Current Account Deficit Hits $5.1 Billion in Q1
Egypt’s current account deficit has widened to $5.1 billion for the January-March period, reflecting ongoing economic challenges. This increase is driven by a growing imbalance in international transactions, raising concerns about the country’s financial stability. Moving forward, the Central Bank’s response and potential reforms will be critical to restoring investor confidence and stabilizing the economy.