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MEA Finance

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UAE’s financial wealth to grow by 6.7% annually, reaching USD 1 trillion by 2026

The United Arab Emirates (UAE) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 6.7% in new wealth, rising from USD...

Purpl partners with Mambu to ease money transfers to Lebanon

Purpl, a remittance and cash out aggregator combined with a digital wallet for Lebanon, today announced it has selected Mambu to scale operations in...

Can technology be sustainability’s white knight?

Technology stocks are having a tough time, with the tech-heavy Nasdaq down 25% year-to-date. Yet looking beyond cyclical concerns, technology will play a vital...

Citi and Etihad sign on first Sustainable Deposit Solution

Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched deposit solutions will further assist...

National Bank of Bahrain partners with Mastercard to enhance portfolio through new premium offerings

The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to elevate their existing offerings and provide...

Commercial Bank International (CBI) is the first UAE bank to be in the Metaverse

Commercial Bank International announced that it is the first ever bank in the UAE to launch a virtual location in the Metaverse. CBI, a UAE...

Mashreq achieves 17% increase in operating profit and posts AED 1.4 billion Net Profit for 1H 2022

Mashreq reported its financial results for the first half ending 30th June 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

Fintonia Group awarded provisional Virtual Assets License in Dubai

Fintonia Group (Fintonia), an entrepreneurial financial services company based in Singapore, announced today that it has secured a provisional virtual asset license granted by...

Arab Financial Services expands its digital payments solutions into Egypt

Arab Financial Services (AFS) has announced plans to expand its payments footprint into Egypt, with the establishment of its Egypt hub. AFS (Egypt) will...

GFH acts as join lead manager on Dar Al Arkan’s US$400 million Sukuk issuance

GFH Financial Group today announced that it has acted as Joint Lead Manager, alongside other parties, on the pricing and issuance of a US$400...

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