Banking
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DMCC and ComTech partner up to digitise gold trading
Through the tokenization of the precious metal, which is backed by actual gold bars recorded on Dubai Multi Commodities Centre…
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Strategic partnership signed by Mastercard and BitOasis to launch crypto-linked cards
Mastercard and BitOasis, the region’s top cryptocurrency platform for the Middle East and North Africa (MENA), have teamed up to…
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Singapore central bank tightens monetary policy, tries to avoid recession
In order to combat inflation that is approaching a 14-year high, Singapore tightened its monetary policy for the fourth time…
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Asian Development Bank cuts growth forecast, says economies set to grow faster than China’s
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that…
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Recession in 2023 because of global rate hikes, says World Bank
According to the World Bank, interest rate increases by central banks around the world could lead to a global recession…
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Mastercard and Ajman Bank team up to introduce new ‘touch’ card
Ajman Bank, situated in the United Arab Emirates, has partnered with Mastercard to introduce a card for clients who are…
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Egypt Central Bank makes major changes to cash withdrawal limits
The restriction on the maximum amount of cash deposits for both people and businesses at bank branches and automated teller…
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ENBD launches global call for metaverse start-ups
To improve their client experience, Emirates NBD has started a global accelerator programme for metaverse entrepreneurs. In accordance with the…
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The US Fed vows ‘no surrender in inflation battle’
The Federal Reserve warned on Wednesday that it would not back down in its fight against the most severe outbreak…
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Alibaba applies for dual primary listing in Hong Kong
Alibaba intends to add a primary listing in Hong Kong to its New York presence, seeking mainland Chinese investors as…
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