Business & Money | Sunday 14 May, 2023 6:43 pm

AFS Wins “Most Innovative Payments Solutions Provider” at the MEA Finance Banking Technology Awards 2023

Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, took home its second MEA Finance Award in two years, winning recognition as “Most Innovative Payments Solutions Provider 2023.”  This year, AFS...

More Details

Business & Money | Sunday 14 May, 2023 11:51 am

Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0 to support economic development across 32 member countries

The Islamic Development Bank (IsDB) and its development partners, the Abu Dhabi Fund for Development (ADFD), the Bill & Melinda Gates Foundation (BMGF) and the Islamic Solidarity Fund for Development (ISFD) today announced the launch of the second phase of the Lives and Livelihoods Fund (LLF...

More Details

Business & Money | Sunday 14 May, 2023 11:48 am

The IsDBG’s Private Sector Institutions Honor the Winners of the Private Sector Forum (PSF 2023) Startup Pitch Competition in the IsDBG Member Countries

On the sidelines of the forty-eighth Annual Meeting of the Islamic Development Bank Group (IsDBG) and during the work of the Private Sector Forum in its 11th edition, which is hosted by the city of Jeddah from May 11th to 13th, the group honored the winners of the startup pitch competition after...

More Details

Business & Money | Saturday 13 May, 2023 5:18 pm

ICIEC Signs a US$15m Documentary Credit Insurance Policy Agreement with Saudi National Bank for LC Confirmations to Issuing Banks in Saudi and ICIEC Member States

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is pleased to announce the signing of a US$15 million Documentary Credit Insurance Policy (DCIP) with the Saudi...

More Details

Business & Money | Saturday 13 May, 2023 5:09 pm

ISFD Poverty Alleviation Forum Discusses Combating Poverty Through Solidarity, Alliances and Partnerships

Attended by HRH Prince Turki AL Faisal HRH Prince Turki AL Faisal the Founder of the King Faisal Foundation and the Chairman of the King Faisal Center for Research and Islamic Studies, Dr. Muhammad Al Jasser IsDB Group Chairman, Mr. Luky Eko Wuryanto VP and CAO, AIIB, and ISFD, DG Dr. Hiba...

More Details

Business & Money | Saturday 13 May, 2023 1:00 pm

Dr. Al Jasser, Experts Call for Leveraging Disruptive Technologies to Foster Inclusive Development

We must leverage the technological disruptions along with the ethical principles of Islamic finance to foster inclusive development, Chairman of the Islamic Development Bank Group, H.E. Dr. Muhammad Al Jasser, said. Dr. Al Jasser made the statement in a keynote speech during the 17th IsDB...

More Details

Business & Money | Friday 12 May, 2023 4:05 pm

IsDB President and Board of Governors Chairman Highlight Achievements in Driving Sustainable Development in Member Countries in 2022

Islamic Development Bank (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, and Minister of Economy and Finance of the Republic of Benin who is also Chairman of IsDB Board of Governors, H.E. Romuald Wadagni,  addressed the media during a press conference held as...

More Details

Business & Money | Thursday 11 May, 2023 5:35 pm

Ash & Maple Management Partners with LocalEyes, Strengthening Middle East Presence and Enhancing Local Content & Economic Offset Consulting in Saudi Arabia

Ash & Maple Management (A&M), a leading global management consulting firm, is delighted to announce its strategic alliance with LocalEyes, a distinguished Local Content and Economic Participation consulting firm headquartered in Riyadh, Saudi Arabia. A&M, a Zurich-based global...

More Details

Business & Money | Thursday 11 May, 2023 5:24 pm

Abu Dhabi, AIM tie up with China Bridge Capital and NextG Tech Ltd. to jointly establish fund to attract companies with billions of capitals to Abu Dhabi

Partnership aims to entice in 3 years 10 unicorns to the UAE in two phases with total target at USD 1-billion AUM   Potential total market cap of USD 100 billion expected in five years The United Arab Emirates’ capital, Abu Dhabi, is set to further solidify its prominence as a ...

More Details

Business & Money | Thursday 11 May, 2023 3:15 pm

Dur Hospitality and Memar sign agreement to operate two Nur by Makarem hotels in Makkah, On the sidelines of FHS

Dur Hospitality and Memar Development & Investment have signed an agreement to operate two hotels in Makkah under the brand Nur by Makarem. The deal was announced during the Future Hospitality Investment Summit (FHS) event, which was held between May 7th and 9th, 2023 at Al Faisaliah Hotel in...

More Details