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Saudi Arabia fintech firm Tweeq secures license to offer e-wallet services

Arabiya Capital Staff -
The Saudi Central Bank (SAMA) said Tuesday that it has issued an electronic money institution (EMI) license to Tweeq International Financial Company to provide...
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Egyptian startup Grinta raises $8 million in seed funding to strengthen technology platform

Arabiya Capital Staff -
Egyptian startup Grinta said Monday that it raised $8 million in seed funding led by Raed Ventures and Nclude as the company seeks to...
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HSBC Oman agrees to Sohar International Bank merger

Arabiya Capital Staff -
HSBC Bank Oman and local rival Sohar International Bank said Wednesday that they have agreed on terms of a merger that will create one...
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Saudi wealth fund PIF, BlackRock to jointly explore MENA infrastructure investments

Arabiya Capital Staff -
Saudi Arabia’s Public Investment Fund (PIF) signed a non-binding MoU with BlackRock on Monday to jointly explore infrastructure projects in the Middle East, with...
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Egypt’s inflation accelerates to 16.2% in October on soaring food costs

Arabiya Capital Staff -
The latest data from Egypt’s CAPMAS showed that annual urban inflation accelerated to a four-year high of 16.2% in October and economists expect it...
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FAB participates in COP27 panel to explore the future of NZBA in MENA region

Arabiya Capital Staff -
First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, said Wednesday that it participated in a panel that was hosted by the...
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Dubai developer Nakheel secures $4.6 billion funding to fuel growth

Arabiya Capital Staff -
Nakheel, the developer behind Dubai’s artificial palm-shaped islands, said Tuesday that it secured $4.6 billion (AED 17 billion) in financing from a group of...
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Intesa Sanpaolo, ALEXBANK to host agribusiness and climate change panel at COP27

Arabiya Capital Staff -
Intesa Sanpaolo Group and its Egyptian subsidiary, the Bank of Alexandria (ALEXBANK) will host a panel on tackling the competitive dynamics for agribusiness and...
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FABMISR completes integrating banking services with Bank Audi Egypt

Arabiya Capital Staff -
FABMISR, First Abu Dhabi Bank’s (FAB) Egyptian unit, said that it has completed integrating banking services with Bank Audi Egypt. The migration of all banking...
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Egypt’s net foreign reserves rise slightly to $33.4 billion in October

Arabiya Capital Staff -
Egypt’s net foreign reserves increased slightly for the second month in a row last month as the North African country awaits the increase in...
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