WeBank emerged as a leading player in the region in terms of scale, profitability and execution…
Category: Finance
Saudi Arabia Exempts Property Deals from Value Added Tax
New tax of 5 per cent, the Real Estate Transaction Tax will be levied though on…
Sawaeed Holding Lists its Shares on the Abu Dhabi Securities Exchange
Company’s nominal value of share capital is Dhs51.1m, with each share having a nominal value of…
Brazil and the United States Sign Memorandum to Forge Closer Trade Links
A step that could see U.S. Export-Import Bank finance up to US$1 billion of exports to…
AI Capabilities for Asset Management Applications
Artificial intelligence (AI) is rapidly being adopted across the financial landscape. In asset management, applications of…
Munich Re has Booked Loses in its Reinsurance Unit
The company is now expecting a quarterly profit of about €200 million, attributed to “good performance…
Economic Recovery Risks Losing Momentum
Second wave of the pandemic in Europe, notably in France, and the resulting new restrictions are…
Standard Bank Group Ltd to Scale-Up Operations Towards Digitization
Africa’s largest lender by assets, is planning to scale-up some of its operations on the continent…
First Fully Digital Bank TMRW to Serve ASEAN Region
ASEAN region boasts of approximately 96% mobile phone penetration rate with a density of 967 per…
Card Payments to Mellow in Indonesia
Card payments growth in Indonesia is expected to mellow to 1.7% this year as consumers veer…