Sunday 23 January 2022
 
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Tap on Phone to benefit some 500,000 merchants and SMEs

An estimated 500,000 new merchants and SMEs across the Middle East and Africa will soon be able to benefit from Network International’s Tap on Phone technology, which enables mobile phones to act as payment terminals.    The initiative, which is a sim

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Sharjah Islamic 2021 net profit up 27% to $140m

Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million ($140 million) for the year ended in December 31, 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The bank also reported AED850.7 million in operating profits, an increase by 2

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Muqassa eyes clearing cooperation with regional markets

Securities Clearing Center Company, Muqassa, one of Saudi Tadawul Group’s subsidiaries and the only authorised entity that can act as a clearing centre in the kingdom, has announced that it will pursue partnerships with several capital market infrastructures (exchanges, depository and c

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Muqassa seals major Saudi clearing cooperation deal

Securities Clearing Center Company (Muqassa), one of the key subsidiaries of Saudi Tadawul Group, has announced that it will be pursuing partnerships with several capital market infrastructures (exchanges, depository and clearing centres) in the region.   The on

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Franklin Templeton names global sustainability head

Franklin Templeton has announced the appointment of Anne Simpson as its new global head of sustainability, a newly-created role charged with driving its overall strategic direction on stewardship, sustainability and environmental, social and governance (ESG) investment strategy globally. 

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World Economic Forum in-person meeting in May

The World Economic Forum (WEF) has announced that it will hold its Annual Meeting 2022 in Davos-Klosters, Switzerland, from May 22 to May 26.   Under the theme, Working Together, Restoring Trust, the Annual Meeting will be the first global in-person leadership e

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MENA mergers and acquisition deals hit $109bn in 2021

Middle East and North Africa (MENA) mergers and acquisition transactions totalled $109 billion in 2021, up 57% from previous year and the third $100 billion year on record, said a Refinitiv report. ​ Refinitiv, a London Stock Exchange Group Business, released the Mid

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TRSDC achieves financial close of $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has achieved financial close on its SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks. 

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TRSDC achieves financial close of $3.76bn loan

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has achieved financial close on its SR14.12 billion ($3.76 billion) term loan facility and revolving credit facility with four leading Saudi banks.  &

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Dubai mortgage transactions break records in 2021

Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%.    Q1 2021 had the most mortgage registrations in a single quarter,

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