Thursday 7 July 2022
 
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DGCX records trade value of $11.6bn during June

Dubai Gold and Commodities Exchange has registered a monthly Average Open Interest (AOI) of 120,960 contracts for the month of June and notional value traded of $11.6 billion. With the rising global inflation, political instability and stock market volatility, market participants

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Mastercard strengthens its Saudi leadership team

Mastercard has announced the appointment of Adam Jones as the new Country General Manager of its Mena Central cluster. In his new role, Jones will lead Mastercard’s operations across cluster, taking  responsibility for Saudi Arabia, Egypt, Jordan, Lebanon, Bahrain, and Iraq

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Ebdaa and BDSMEs to support Bahraini entrepreneurs

Ebdaa microfinance company Bahrain has reached an agreement with the Bahrain Development of Small and Medium Enterprises Society (BDSMEs) to collaborate to support Bahrain's entrepreneurship system.    This cooperation comes as part of the outcome of Pr

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Bank ABC grants Jifco a five-year $50m bilateral facility

Bank ABC, the Middle East and North Africa’s (Mena) leading international bank, has granted a five-year $50 million bilateral facility to Jordan India Fertiliser Company (Jifco).    The facility will be utilised by Jifco to refinance existing sharehol

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Saudi King allocates $5.3bn as aid to tackle rising global prices

Saudi King Salman bin Abdulaziz Al Saud has issued a royal decree ordering the allocation of SR20 billion ($5.33 billion) as a financial support to tackle the effects of the rising global prices. Of this half of the allocated money will go to social insurance beneficiaries and for the Citizen

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ADX and Bahrain Bourse launch Tabadul exchange hub

Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) have announced the launch of the region’s first digital exchange hub, Tabadul.    The exchanges commemorated the launch of Tabadul with an official bell ringing ceremony live streamed from B

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ila Bank to give ten travellers up to $13,264 cashback

ila Bank, the fastest growing digital mobile-only bank in Bahrain powered by Bank ABC, has launched a ‘Credit Card Around the World’ Travel Spend campaign. Commenced on June 16 and closing August 31, 2022, the campaign will enable 10 ila customers to win back their full internatio

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89pc Bahraini investors see stable investment climate in Q2

The Kingdom of Bahrain’s Business Confidence Index (BCI) has shown that 89% of investors expect stability in the investment climate in the second quarter (Q2) of this year.   The Business Performance index stood at 98.13 points in Q2 of 2022 compared to 95

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Salama and Bayzat join forces to offer exclusive health takaful

Islamic Arab Insurance Company (Salama) and Bayzat have teamed up to provide exclusive health takaful solutions to small and medium enterprises (SMEs) in the UAE.   Salama is the UAE's largest Shari'ah-compliant Takaful solutions provider and Bayzat is a

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Etihad Airways announces first NFT collection ‘EY-ZERO1’

Etihad Airways, the national airline of the UAE, has announced the upcoming release of the airline’s first non-fungible token (NFT) collection, ‘EY-ZERO1’.   The utility-driven series features ten highly detailed 3D aircraft models, each one sh

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