Finance bulletins

Mastercard marks year of collective action in annual Sustainability Report Outlines progress towards an inclusive, sustainable future for people and the planet

Mastercard marks year of collective action in annual Sustainability Report Outlines progress towards an inclusive, sustainable future for people and the planet

July 29 2021, | Beirut, Lebanon –Mastercard released its 2020 Corporate Sustainability report, highlighting how the company has responded to the challenges of the last year through innovation and trusted partnerships and is delivering on its mission to build a more inclusive, sustainable world with a digital economy that works for everyone, everywhere. “This unprecedented

Almost Half of Finance and Business Leaders Expect More Frequent Audit and Punitive Penalties in a Post-COVID World

DUBAI, United Arab Emirates – 27 July 2021 — – Middle East companies have adjusted their operations to a digital-first world due to the COVID-19 pandemic. As a result, many companies have sped up their adoption of digital tools to enable employees to work remotely and to file in expenses and invoices digitally. Despite this,

Financial services organizations at forefront of global digital transformation push

Financial Services edition of F5’s 7th annual State of Application Strategy (SOAS) report sheds new light on sector’s progress and ambitions Dubai, UAE. July 26, 2021. Financial services organizations are the most bullish of all sectors when it comes to digital transformation, according to new research by F5. An industry-specific cut of the 2021 State

The Continental Group launches podcast featuring experts’ advice and tips on becoming financially savvy and secure

‘The Dollars, Dirhams and Our Two Financial Cents’ podcast series has been designed by Continental Group to spread financial awareness, by inviting experts and leading thinkers to share their expertise and knowledge on wealth creation, planning and preservation; and create an accessible platform for those seeking information on how to secure their financial future. Titled

BLOM Lebanon PMI: Macro highlights – June 2021

According to the latest World Bank Lebanon Economic Monitor, “Lebanon Sinking: To the Top 3”, the economic and financial crisis is likely to rank in the top 10, possibly top 3, most severe crises episodes globally since the mid-nineteenth century”. In terms of numbers, the “World Bank estimates that in 2020 real GDP contracted by

Young Changemakers Sacrifice Their Financial Security and Wellbeing to Change the World, New Report Says

DUBAI, United Arab Emirates — 1 July 2021 – The Possibilists, a new study – the first of its kind – conducted by a global alliance of youth communities, reveals the pressing needs of young changemakers worldwide who dedicate their lives to social and environmental causes. “Young changemakers are resilient, innovative and intrinsically motivated to

After DFSA approved FFA Private Bank (Dubai) Limited’s change of control, FFA Private Bank Group plans to relocate its headquarters to the Dubai International Financial Center (DIFC)

FFA Private Bank Group is strengthening its role as a regional player in the financial sector by relocating its headquarters to the Dubai International Financial Centre in accordance with its five year strategic plan which was approved by the Board of Directors and submitted to the Central Bank of Lebanon (BDL) in the fall 2020,

Mastercard New Payments Index: Consumer Appetite in Middle East and North Africa for Digital Payments Takes Off

95% of consumers in Middle East and North Africa (MENA) are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index 88% of MENA consumers have access to more ways to pay compared to this time last year   3

Insure & Match Capital Celebrates the Achievements of the USAID MENA Investment Initiative

Beirut, Lebanon – April 27th, 2021 –Insure & Match Capital (IM Capital) celebrated the achievements under the Middle East and North Africa Investment Initiative (MENA II), a $20 million program funded by the United States Agency for International Development (USAID). Launched in 2014, the program is dedicated to providing matching capital, equity guarantees and crucial