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The company announces new payout support in multiple countries, serving a wider audience of digital nomads as it expands its services and operations to Latin America and Southeast Asia SAN FRANCISCO, US – EQS Newswire – 18 July 2024 – Y Combinator alum Grey (https://Grey.co) a B2C cross-border payments startup founded in 2020, is expanding its services and operations to Latin America (LATAM) and Southeast Asia (SEA). […]

Emirates NBD, Dubai’s largest bank by assets, has announced a 14.5% increase in net profit for the second quarter of 2024, driven by robust loan growth and improved performance of its subsidiaries. The bank’s net profit rose to AED 3.6 billion ($980 million), compared to AED 3.15 billion in the same period last year. Several factors contributed to this growth, including a surge in net interest income […]

Entering an Open Banking Era That Fosters a Customer-Centric Banking Landscape Through the IADS Pilot Program HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – Citi Hong Kong today announced the launch of Wealth 360, a pioneering digital wealth management feature on Citi Mobile® App, through the Interbank Account Data Sharing (IADS) pilot program introduced by the Hong Kong Monetary Authority (HKMA). This first-in-market […]

HONG KONG SAR – Media OutReach Newswire – 17 July 2024 – SOLOWIN HOLDINGS (“SOLOWIN” or the “Company”) (Nasdaq: SWIN), a securities brokerage offering comprehensive financial services to investors worldwide, announced the launch of Solomon VA+, an institutional-grade all-in-one smart trading app through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”). Ms. Lily Liu, CFO of Solowin (Left 2), Mr. Yang Zhao, Deputy CEO of Finloop (Left […]

Dhofar Islamic, a leading financial institution, has unveiled an innovative youth account aimed at empowering the younger generation. The new offering, tailored specifically for young customers, promises a range of benefits designed to foster financial literacy and independence. The youth account initiative by Dhofar Islamic represents a strategic move to engage with the burgeoning youth demographic in the region. By providing specialized financial products, the bank aims […]

Arabian Post Staff -Dubai Goldman Sachs is ramping up its investment strategies targeting the Middle East, following similar moves by its competitors. This strategic shift aims to capitalize on the burgeoning opportunities in the Gulf region, which has seen significant economic growth and investment potential in recent years. Goldman Sachs plans to introduce new strategies allowing the firm and its high-net-worth clients to invest in the Gulf’s […]

SINGAPORE – Media OutReach Newswire – 16 July 2024 – Alpha Quest Pte. Ltd., a Singapore based Wealth Management Company, today announced the appointment of Shankar Jha as Managing Director, Group Head. Shankar Jha – Managing Director, Group Head, Alpha Quest In his new role, Mr. Jha will manage investments for wealthy and sophisticated families and work on growing the firm’s franchise. Mr. Jha brings 25 years […]

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The recent currency swap agreement between the Central Bank of the UAE (CBUAE) and the National Bank of Egypt (NBE) represents a significant step in strengthening bilateral economic ties. This deal, valued at AED 5 billion and LE 42 billion, aims to facilitate trade and investment by allowing the two nations to exchange their local currencies directly, reducing dependence on the US dollar and mitigating exchange rate […]

The Central Bank of the UAE and the National Bank of Ethiopia have signed a landmark currency swap agreement and two memoranda of understanding (MoUs), aimed at strengthening financial cooperation and boosting economic ties between the two countries. The agreement will facilitate trade and investment by allowing businesses to conduct transactions in their local currencies, reducing reliance on the US dollar and mitigating exchange rate risks. This […]

China has officially launched its first exchange-traded funds (ETFs) focusing on Saudi equities, marking a significant milestone in the deepening financial ties between the two nations. The ETFs, named the Huatai-Pinebridge CSOP Saudi Arabia ETF QDII and the China Southern CSOP Saudi Arabia ETF QDII, are managed by Huatai-Pinebridge Fund Management and China Southern Asset Management. These funds will mirror the CSOP Saudi Arabia ETF, which was […]

By Dr. Gyan Pathak India, the largest populated country of the world, has been undergoing significant changes in population distribution by economic status, which need urgent attention of the government. Though extreme poverty has declined by 12.5 per cent and the moderate poor population came down by 5 per cent, the number of poor rose […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 July 2024 – When deciding which broker to trade with, there are several caveats to consider. A good broker is hard to find, especially if you are an emerging trader who has yet to become knowledgeable in the intricacies of the financial markets. However, some time-proven rules allow you to manage the risks and make this decision confidently. […]

By Sushil Kutty The stage is decked for a massive political fight. NGO All India Personal Law Board (AIMPLB) has taken upon itself the task of using everything in its quiver to compel the Supreme Court to overturn its verdict on maintenance to divorced Muslim women. The board met on Sunday and ruled that the […]
By Dr. Gyan Pathak Prime Minister Narendra Modi’s claims made on Saturday, July 13 in Mumbai that around 8 crore new jobs have been created in the country in the last 3-4 years, that these figures have silenced those who spread false narrative about rising unemployment, and that the narrators of rising unemployment opposed investment, […]

In alignment with Oman Vision 2040, BankDhofar is reinforcing its commitment to small and medium enterprises (SMEs) by rolling out innovative financial solutions and services. As part of its strategic approach, the bank has introduced tailored lending products specifically designed to meet the diverse needs of SMEs across the Sultanate. This initiative is critical for fostering economic growth and increasing employment opportunities for Omani nationals. Recognizing the […]

Facilitating Cross-Border Remittances for Local SMEs SINGAPORE – Media OutReach Newswire – 16 July 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is pleased to announce that it has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License (MPI). This license will allow XTransfer to provide services including account issuance, domestic money transfer, […]

In a testament to its innovative strides in financial technology, Mozn has secured its position among the world’s leading fintech companies for the second consecutive year. The accolade, announced for the rankings, underscores Mozn’s ongoing commitment to reshaping the financial landscape through technological advancement and customer-centric solutions. Founded on principles of harnessing digital innovation for financial empowerment, Mozn has rapidly emerged as a frontrunner in the competitive […]

Encourage continuous innovation in the industry Recognise outstanding contributions of surveyors HONG KONG SAR – Media OutReach Newswire – 15 July 2024 – The results of the HKIS Awards 2024 were announced and presented at the HKIS Awards Presentation Ceremony on 12 July 2024 at the Hong Kong Ocean Park Marriott Hotel. The Hong Kong Institute of Surveyors Awards aims to commend and recognise the exceptional achievements […]

Saudi Arabia’s Public Investment Fund (PIF) has selected JPMorgan Chase & Co. and Morgan Stanley to oversee the initial public offering (IPO) of the National Unified Procurement Company (Nupco). This strategic move comes as the kingdom aims to bolster its healthcare sector and diversify its economy beyond oil revenues. Founded in , Nupco is pivotal in Saudi Arabia’s healthcare infrastructure, handling the procurement, warehousing, and distribution of […]

SICO Capital, a prominent player in the financial services sector, has recently made headlines with the announcement of its new board of directors. The Bahrain-based investment firm unveiled its strategic move as part of a broader initiative to strengthen governance and leadership within the organization. The newly appointed board comprises seasoned professionals with extensive experience across various sectors crucial to SICO’s operations. Among them is Ms. Layla […]

RIYADH — The Saudi Central Bank (SAMA) has issued a clarification on the specific amounts exempt from seizure in bank accounts. According to the statement, the exemption rate for salary seizures is capped at one-third of the net monthly income, while retirement pension seizures cannot exceed one-quarter of the net monthly pension. Furthermore, deposits related to compensation and government support programs, including social security and the Citizen’s […]

HSBC Holdings Plc has rescinded a memorandum that presented a gloomy forecast for Qatar’s economy, issued earlier this year. The bank subsequently disseminated research painting a more optimistic picture of the country’s economic landscape. According to sources privy to the matter, a Dubai-based equity sales trader authored the original memo following a visit to Qatar in May. The trader, who requested anonymity due to the confidential nature […]

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LONDON – A surprising shift in investor sentiment has seen the United Kingdom emerge as a potential safe haven amidst escalating global economic and political uncertainty. Once considered a pariah due to the complexities of Brexit, the UK market is now drawing significant interest from international investors. The recent landslide victory for the Labour Party has instilled a sense of stability and predictability in the country’s political […]

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