UAE is expected to experience a deeper contraction this year than predicted in May. Dubai’s economy…
Category: Finance
Biggest Bank Merger in Saudi Arabia
National Commercial Bank, Saudi Arabia’s largest lender by assets, agreed to buy rival Samba Financial Group.…
Latin America Experience Deepest Recession in Modern History
The region is set to experience a sharp downturn this year as lockdowns pummel activity. Considerable…
Digital Connectivity Support by World Bank in Haiti
Financing aims to increase access to broadband services in Haiti and establish the foundations of digital…
Revision of Electronic Identification and Trust Services Regulation
Insurance Europe published its response to a consultation by the European Commission on a revision of the electronic…
Exploring Cross-Currency Instant Payments
European Central Bank will investigate whether and how TARGET Instant Payment Settlement (TIPS) could support payment transactions across…
South Africa’s Fundamentals Appear to be in Good Shape and Emerging Markets
South Africa had not seized the opportunity to make structural reforms and changes.While the country had…
Afreximbank Provides Overdraft Facility for African States
Funding is available to African governments to acquire medical supplies through the AMSP in the form…
Japanese International Payment Brand JCB and NTT Com to test JCB Mobile Wallet
A service designed to guarantee the original foreign currency exchange rates for a certain period of…
Investment Banking Fees in Asia Pacific Hit a Record-High
Investment banking fees reached an estimated $20.7b in the first nine months of the year, 20.6%…