Singapore’s Tonik gets nod to open digital bank in Philippines
With a $140 billion retail deposit market, digital banks in Philippines have the scope for providing $100 billion signature loans to consumers.
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Barclays to slash 100 senior jobs in corporate and investment business
Barclays decision to slash jobs and save costs will mainly affect its managing director and director positions
Nomura recruits dozens of private bankers for wealth management drive
The Japanese firm plans to increase the wealth it manages by five times to $50 billion by March 2026 by boosting its Asia presence
Saudi Arabia sees 1,131 new foreign companies setting shop in 2019
The fourth quarter was especially seen to be the busiest period with an increase of 305 companies from 238 in the previous year
Qatar Airways enters into codeshare alliance with Deutsche Bahn
The airline presently runs 35 flights in a week between Doha and Frankfurt, Berlin and Munich
Etisalat to launch CloudTalk for SMEs in UAE
The telecom giant will launch the cloud-based communication service in collaboration with Ribbon Communications
Brazilian unicorn fintech EBANX trials digital wallet service
EBANX became a unicorn, worth over $1 billion last year after a second-round investment by FTV Capital
Maybank downgrades Thailand telcos to ‘neutral’ on 5G rollout
Maybank’s telecom outlook is weak owing to Thais average income profile
Gulf Capital targets healthcare with $100 mn IVI-RMA acquisition
IVI-RMA Middle East is the fastest growing IVF service provider in the GCC
Aramco faces heat from banks on incentives after thin IPO deal
Aramco plans to sell 450 million shares, increasing the size of its IPO to $29.4 billion