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Jan 2022

Zand, UAE’s new digital bank to get the ball rolling “imminently”

The majority of the shares of Dubai Bank from Emirates NBD have been acquired by the shareholders of Zand, the upcoming digital bank in the UAE, in a move to…

Jan 2022

Highlights News

HSBC to purchase Indian investment firm L&T Investment Management for $425m

HSBC Asset Management (India) Private Ltd, a subsidiary of Britain-based HSBC Holdings PLC, has announced its intention to purchase India’s L&T Finance Holdings investment management unit. The decision comes as…

Jan 2022

Highlights News

Bahrain’s Central Bank approves Binance’s operation in principle

The world’s largest cryptocurrency exchange by trading volumes, Binance Holdings Ltd., has been granted an in-principle agreement by The Central Bank of Bahrain. The agreement allows Binance to become a…

Nov 2021

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In a major win for UAE’s Fourth Industrial Revolution, Oracle’s second cloud region to center in Abu Dhabi

Oracle announced Abu Dhabi as the home for its second cloud region in the United Arab Emirates, to help provide corporate cloud services to businesses in the region. The launch…

Nov 2021

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India’s fintech company ClearTax raises 75 million dollars for Middle East expansion

ClearTax, recently rebranded as Clear, India’s leading fintech SaaS company has announced its entry into the Middle East market through a series of $75 million Series C fundraise aimed at…

Nov 2021

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Microsoft and Meta, formerly Facebook, announce professional partnership with apps ‘Teams’ and ‘Workplace’

Meta, formerly known as Facebook, has announced a partnership with Microsoft to integrate their work collaboration software. The integration between Microsoft Teams and Workplace by Meta, formerly known as Facebook’s…

Oct 2021

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Fertiglobe to raise close to $830 million in IPO

ADNOC and OCI’s joint venture, Fertiglobe, is predicted to raise up to $830 million in an initial public offering. This prediction comes after the company priced its shares, consequently selling…

Oct 2021

Highlights News

Saudi Arabia customers ditch traditional banking for better service, digital accounts and crypto-curiosity

According to the US Consulting firm Boston Consulting Group (BCG), 52% of Saudia Arabia’s customers would actively switch to a new bank, and 63% are looking for new offers. Additionally,…

Oct 2021

Highlights News

WOCCU 2020 statistical report on Credit Unions reveals unprecedented credit spurt worldwide

WOCCU President, Elissa McCarter La Borde World Council of Credit Unions’s (WOCCU) newly released 2020 Statistical Report states a 29+ year-to-year increase in international credit union membership. As of December 31,…

Sep 2021

Highlights News

Architecture firm ‘Powerhouse’ creates world’s first floating office in Netherlands

Award-winning architecture firm, Powerhouse Company, has set a new milestone in sustainable infrastructure with their latest creation, a floating office in Rotterdam, Netherlands, for the Global Center on Adaptation that…

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