Finance bulletins

Lebanon venture selected for Inclusive FinTech Accelerator Programme ‘Finance Forward’

Lebanon venture selected for Inclusive FinTech Accelerator Programme ‘Finance Forward’

Beirut, Lebanon; November 14, 2019: Village Capital and MetLife Foundation selected eleven early-stage ventures operating in MENA including Fundbot (Beirut, Lebanon) for the ‘Finance Forward: Middle East and North Africa (MENA) 2019 accelerator program. The program will take place from November 17-20 in Amman and two peer-selected finalists from this cohort will receive grant capital provided

United Arab Bank chooses Finastra to power digital transformation

Finastra will help the bank modernize its retail and corporate offerings and drive growth Dubai, United Arab Emirates, November 14, 2019, Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers. The bank has selected Finastra’s

US Bank Loans to Reach $10 Trillion Monthly Milestone

According to data gathered by, loans and leases in Bank Credit of all commercial banks in the United States could reach $10 trillion monthly soon. Moreover, the value of bank credit of all commercial banks in the United States is close to reaching $14 trillion. Although this is unlikely to happen in 2019, it

IMF Regional Economic Outlook report calls for reforms to promote job-rich growth and build resilience

The challenging global economic environment and lower oil prices place greater onus on MENAP countries to strengthen institutions and foster an enabling environment for private investment Policymakers should ensure macroeconomic stability and build resilience by reducing fiscal vulnerabilities Further developing domestic financial markets, including by enhancing legal frameworks, remains a key priority Dubai, United Arab

Dubai International Financial Centre Records a 45% Rise in Islamic Assets, Marking Significant Year-on-Year Growth

Over 40 financial firms based in the Centre providing Sharia-compliant products and solutions Dubai, UAE, 16 October 2019: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, and the number eight global financial centre, has marked a significant rise in Islamic assets being managed

Dubai International Financial Centre Celebrates Ranking as 8th Best Global Financial Centre by Ringing Nasdaq Dubai Market-Opening Bell

DIFC Governor presides over the iconic bell ringing ceremony, signalling the start of trading at the region’s international financial exchange Ceremony reinforces Dubai’s standing as a top 10 global financial centre Rise in ranking is testament to DIFC’s remarkable success in building a comprehensive, innovative and dynamic ecosystem fostering financial sector growth Dubai, UAE, 14

Dubai International Financial Centre Receives FinX FinTech Hub of the Year Award

The Centre recognised for role in identifying new avenues for facilitating innovation and excellence within the financial technology sector Dynamic and robust FinTech ecosystem continues to reshape and define best practice transforming the future of finance Dubai, UAE, 08 October 2019: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East,

Dubai International Financial Centre Prioritises Digital Transformation to Enhance Connectivity and Accessibility in and around the Financial Hub

Next-generation Wi-Fi 6 in partnership with Huawei to launch in the Centre on 1st November, further supporting DIFC’s position as region’s most advanced financial centre Brand-new DIFC Connect – HID Mobile App enabling greater convenience and security for community and visitors Dubai, UAE, 05 October 2019: Dubai International Financial Centre, the leading financial hub in

BBAC is one of the first Lebanese banks in Cyprus to apply the PSD2 on its newly launched Digital Banking Platform

In its constant aim to boost customers’ banking experience, BBAC has recently launched a new Digital Banking Platform for its customers in Cyprus. With a fresh look and feel and innovative features and functionality, the platform also supports EU’s Revised Payment Services Directive (PSD2) – a directive aimed at providing increased flexibility and security to

Dubai Soars to Number Eight Amongst Global Financial Powerhouses

Maktoum bin Mohammed: Dubai’s steady ascent in rankings driven by DIFC’s remarkable success in building an ecosystem that fosters financial industry growth Dubai recognised as a top ten financial centre in Global Financial Centres Index for its role in contributing to the development of the regional economy and identifying new pathways to boost the financial