How is Islamic finance performing?
The assets of global Islamic finance were expected to be worth $4 trillion by the end of 2020
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Wells Fargo sells asset management unit
The acquisition is expected to be completed by the second half of this year, subjected to regulatory approvals and other procedures
Etisalat’s subscriber base dropped in 2020
Etisalat’s subscriber base last year slumped 3 percent to 12.2 million in Q4.
Saudi’s Bahri remains resilient amid pandemic
The company’s revenue surged 28 percent to SR 8.4 billion compared to 2019s SR 6.6. billion
Tyme to rollout services in the Philippines
Tyme will cater to the underbanked and underserved population of the Philippines through its digital banking model
The formation of the world’s largest trading bloc
The deal will increase global GDP by $500 billion in the next 10 years
MasMovil launches financial services
MasMovil will soon roll out services such as debit cards, current account and others
IMF backs CBN on cryptocurrency transactions ban
The CBN recently issued a circular to all banks stating that all banks must close the accounts that deal with cryptocurrency
Sohar Port to be expanded in the future
The expansion is expected to bolster Sohar Ports’ potential in the regional and international levels in the segment of cargo and container handling
Kuehne+Nagel to acquire Apex International
Apex International was incorporated in 2001 and has expanded its presence across Asia and beyond