Friday 27 November 2020

Investcorp invests in India's XpressBees

Investcorp, a leading global provider and manager of alternative investment products, announced its investment in Xpressbees, a leading end-to-end e-commerce logistics platform in India.    The investment was made as part of a Series E funding with particip


IsDB unit launches Saudi Islamic Finance country report

In conjunction with the G20 Summit being held in Saudi Arabia on November 21 to 22, the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group has launched the Kingdom of Saudi Arabia Islamic Finance Country Report.    U


Bank Nizwa inks deal to fund Oman sanitation project

Oman-based Bank Nizwa said it has signed a financing agreement worth RO20-million ($51 million) with Oman National Engineering and Investment Company (ONEIC) for the setting up of a sanitation network in the sultanate's Salalah region.   The project is the f


UAE ministry holds seminar on international taxation

The UAE’s Ministry of Finance (MoF) organised a virtual seminar titled ‘Taxation Agreements and Transfer Pricing’ in cooperation with the Organization for Economic Cooperation and Development (OECD) to discuss key developments related to international taxation.


AMF holds Buna’s 15th MPUG workshop

The Arab Monetary Fund (AMF) holds on November 19, 2020 it’s 15th Online Market Participant User Group (MPUG) Workshop (the twentieth in a series of communication workshops with banks).    This event comes as part of the AMF ongoing series of insightf


ADGM, Israel authority sign fintech agreement

The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and the Israel Securities Authority (ISA) have entered into a FinTech cooperation agreement, marking a significant first in the Mena region. It provides a framework for information sharing, and for fa


Bahrain-origin exports top $522m in October

The value of exports of Bahrain’s national origin increased by 29% to BD198 million ($522 million) during October, compared to BD154 million for the same month of the previous year, a report said. The top 10 countries in terms of the value of exports of national origin purc


IsDB webinar on Covid impact on investment outlook

The Islamic Development Bank Group (IsDB), in cooperation with the United Nations Conference on Trade and Development, recently organized a webinar on the impact of Covid-19 pandemic on the global investment outlook. The webinar, held in collaboration with the Country Strategy an


IBC Group to invest $10m in the launch of Ethereum 2.0

Dubai’s IBC Group, has announced an investment of $10 million - or a stake of around 20,000 Ether - in the upcoming launch of Ethereum 2.0.    The investment is to be made in partnership with Canada based CanETH, an institutional-grade staking service


ila Bank wins ‘Digital Banking Experience of The Year’ award

ila Bank, Bahrain’s fast growing digital, mobile – only bank, has won the “Digital Banking Experience of The Year” award at Seamless Middle East 2020.    The awards ceremony was held on November 16, 2020 on the side-lines of the Seam

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