BIS says more central banks may seek to launch their own digital currencies
According to the BIS study, around 20 percent of the 66 central banks will probably launch their exclusive digital currencies in the next six years.
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Ericsson involved in seven 5G launch deals in MEA region last year
The Swedish mobile networking giant signed 78 commercial 5G treaties with innovative operators, with the Middle East and Africa region accounting for about 29%.
Adnoc is UAE’s most valuable brand for second straight year
According to the latest survey conducted by Brand Finance, Abu Dhabi National Oil Company (Adnoc) has emerged as the most valuable brand in the United
Fintech startup Currencycloud raises $80 mn led by Visa
Currencycloud, a financial technology startup based in the United Kingdom, markets payment software for banks and fintech companies to execute their transactions across the globe.
TNB’s solar scheme produces over 110,000MWh energy per annum
For the initial functioning year, the solar power plant (SPP) exceeded its optimum annual energy confirmed to the purchaser by 6 percent.
Negotiations for acquiring Bank-Audi Egypt are on, says First Abu Dhabi Bank
First Abu Dhabi Bank said that the discussions are in accordance with its plan to expand in the United Arab Emirates and other focused markets.
Tilney in talks with FCA for approval of £625 million S&W deal
Last September, the acquisition of Smith & Williamson was proclaimed by Tilney, which was willing to pay £625 million for its competitor.
ADIB funds $80 million Sharia-adhering facility to Oman Shipping Company
OSC will invest the funds from this Ijara facility in purchasing very large crude carriers.
Maybank, Public Bank and RHB slash lending and deposit rates
Bank Negara Malaysia declared that the OPR would be lowered from 3 percent to 2.75 percent as a preventive move to protect the nation’s economic
Singapore revamps fund structure to entice foreign investors
Christened as the Variable Corporate Companies (VCC), the latest framework will offer investors with more leeway in terms of operations and cutting down on costs.