Financial Services MENA Edition
Latest News
Australia unveils roadmap for speeding changes to clean up banking sector
A government-appointed inquiry, known as a Royal Commission, in February made 76 recommendations after months of revelations of financial wrongdoing against consumers that wiped billions of dollars off market capitalisation from finance stocks.
Oman issues $3bln international bonds
The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.
China’s iPayLinks’ entry to impact Middle East fintech market
iPayLinks is aiming to build up the one-stop payment solution for the Middle East cross-border businesses
Bank deposits in Kuwait hit $144.6bln in June
Kuwait’s bank credit increased by 4.8%
Tunisia's foreign currency reserves rise to high level in two years
Tourism revenues in the first seven months of this year grew to 2.7 billion dinars from 1.9 billion dinars in the same period last year, central bank figures showed.
Aegon takes capital hit from low rates, market turmoil
NN Group CEO Friese to become Aegon CEO in March
IFA’s losses deepen to in Q2 2019
In the first half of 2019, the company incurred losses worth KWD 6.25 million, 204% higher than KWD 2.05 million in H1-18.
Saudi Arabia’s bank lending grows 3.1% in Q2 – SAMA
Total loans recorded $386mln in Q2 2019
Egypt is world’s fifth top remittance recipient by $28.9bln in 2018: WBG
India came in the first place by $78.6bln, then China by $67.4bln, Mexico by $35.7bln, and Philippines in the fourth place by $33.8bln
Bahrain BBK to launch e-remittance on MaxWallet
The bank said that the service will allow all BBK customers to make cross-border payments to bank accounts, mobile wallets and cash-out locations.
Insights
Digital realities and the comeback of industry shaping M&A
Infosys Finacle provides a breakdown of the primary factors driving this modern wave of consolidation in the banking sector
Hedge funds polarised on oil by economy and supply threats: Kemp
Hedge funds and other money managers sold futures and options equivalent to 25 million barrels in the six most important contracts linked to petroleum prices in the week to Aug 6.
Creating a future through sustainable financing
Standard Chartered has demonstrated consistent commitment to the cause. The bank’s Regional CEO for Africa & the Middle East, Sunil Kaushal, helps shed light on these initiatives.
