Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by the end of the fiscal year ending March 2021 if parliament approves a long-debated debt law, a government document seen by Reuters showed.
The financial fallout from the coronavirus pandemic will keep fuelling debt issuance from the Middle East into 2021, while also stoking mergers and acquisitions as companies seek to consolidate, according to JPMorgan Chase & Co.
Consumer prices in urban parts of Egypt grew at the slowest annual level since November as food costs fell, according to data from the state-run statistics agency, CAPMAS.
The lira, which sank to a record low last week as the central bank abandoned some of the policies that had underpinned it for much of this year, extended its declines Monday, dropping as much as 1.7% to trade as low as 7.4080 per dollar.
The Qatar Stock Exchange (QSE) is developing a sustainability benchmark index for the listed companies as the country has promising potential to be a niche ESG (environment social governance) market in the region.
The amount of money flowing into ESG funds rose by 72% in Q2 2020, accounting for $71m of new investments with Europe accounting for the majority of the allocations, according to Morningstar.
Over 90% of global public investors have specific ESG (environment, social and governance) investment policies in place or are in the process of developing them, according to a survey commissioned by BNY Mellon and the Official Monetary and Financial Institutions Forum (OMFIF).
The bank is likely to end its global business activities in coal mining by 2025 as a move to facilitate the transformation to a sustainable economy. Earlier, the bank had set itself a target of lowering its loan exposures to coal-fired projects by 20%, and it achieved its goal by the end of 2019.
Citigroup Inc., one of the biggest lenders to energy companies, said it will measure and disclose emissions tied to its massive lending portfolio and is working to finance $250 billion of sustainable activities by 2025 after reaching an earlier goal four years ahead of schedule.
Fintech payment service provider Paynetics AD, digital banking platforms provider phyre and Bulgarian telecoms provider VIVACOM earlier this week launched the Mastercard Digital First card.
Opera, a browser provider headquartered in Oslo, announced its intention to purchase Fjord Bank subject to regulatory approval. The acquisition will enable Opera to further accelerate its fintech operations in Europe by launching new services aimed at improving consumers’ personal finances.
Today Nasdaq (Nasdaq: NDAQ) and Dubai Gold & Commodities Exchange (DGCX) announced a major market technology agreement for Nasdaq to provide DGCX with a full suite of integrated marketplace solutions.
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia, MEASA, region, has attracted an unprecedented 620 global, regional and local applications for the signature programme.
Supply@ME, a FinTech company owned by Italy’s Avantgarde Group, signed an agreement with Khaled AlMass's iMass Investments, to pilot an inventory monetisation programme, according to a statement on the London Stock Exchange, where the company’s shares trade.
Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers.
When dealing with the COVID-19 crisis many people struggle to find the best sources of information. As a contribution to the business community, Infomineo has put together a repository of the best sources of information which we will keep updating during the COVID-19 crisis.
Before the COVID outbreak, Smart Mobility was a topic high in the agenda of governments and the related private sector. Now that the people are moving less and less due to the known safety concerns, is Smart Mobility a priority yet?
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