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SEDCO Capital achieves 30% IRR from office property sale in Germany

SEDCO Capital, a global Shariah compliant asset manager, has successfully exited German-based ABC West, a multi-let office property, realizing an Internal Rate of Return...

EFG Hermes kicked off today its first Virtual Investor Conference

EFG Hermes kicked off today its first Virtual Investor Conference. Over the course of six days between 22-30 June, executives from 72 companies representing...

Global payment solution provider Checkout.com triples valuation to $5.5 billion in Series B funding round

Global payment solution provider Checkout.com becomes one of the most valuable fintechs globally. Today the company announces a $150m Series B funding round, tripling...

ADIB partners with Etisalat to launch new ADIB Smiles covered cards

Abu Dhabi Islamic Bank (ADIB) has partnered with Etisalat to launch four new covered cards. The ADIB Smiles cards, which include Signature, Platinum, Gold...

ADIB relieves pressure on customers by extending payment holidays on finance programs

Abu Dhabi Islamic Bank (ADIB) is introducing an extension of its relief measures to help customers deal with the unprecedented challenges brought by the...

Ministry of Finance announces successful implementation of Procure-to-Pay

The Ministry of Finance (MoF) announced the successful implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...

Mashreq customers are now being served by the region’s first digital engagement banking bot provided by Avaya

Customers of Mashreq are now being served by the region’s first digital engagement banking bot, giving them access to powerful self-service capabilities that result...

Investcorp portfolio company Calligo acquires Itomic Voice & Data Ltd.

Investcorp today announced that its portfolio company Calligo Limited (“Calligo”), the world’s first end-to-end managed data services provider, has acquired Itomic Voice & Data...

Cloud-based Core Banking – A need in the times of unprecedented crisis

Banking has been one of the industries extremely cautious in adopting cloud native technologies. Highly regulated norms, practices and data privacy laws have precluded...

Kyriba expands footprint in Middle East, Central Europe and Africa with Midis Group partnership

Kyriba today announced a partnership with Midis Group, a leading technology organization, comprising some 170 companies across 70 countries in the EMEA region. The alliance will...

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