Covering a range of topics across the world of finance, MEA Markets hosts a collection of articles discussing micro finance, business finance, and the economy.
Abidjan hosting the EIB’s first banking best-practice engagement in West and Central Africa; Central Bank governors from West and Central Africa to highlight financial challenges; 2021 SME Banking and Microfinance Academy follows EIB training more than 40,000 finance professionals across Africa over past 7 years; Industry experts share experience and solutions to strengthen gender and agriculture finance, digitalisation and understanding of climate risk. Read more
Vertiv, is a global a global provider of critical digital infrastructure and continuity solutions, today announced that it has become a lead sponsor of the Sustainable Digital Infrastructure Alliance (SDIA). Read more
Sitecore®, the global leader in digital experience management software, today released its Holiday Shopping Trends 2021 report exploring how consumers in Saudi Arabia intend to celebrate, indulge, and recuperate this holiday season. Read more
HID Global, a worldwide leader in trusted identity solutions, today announced that Al Ain Finance has selected its cloud-based HID Authentication Service and HID Approve mobile-based authentication application to offer its customers a secure and seamless online banking experience. Read more
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), today held a meeting with the CEOs of all banks operating in the UAE to discuss the macroeconomic environment, provide the CBUAE’s assessment of financial stability, and inform about the CBUAE’s ongoing regulatory and supervisory initiatives. A particular focus of the meeting was on the role of banks in supporting the UAE’s economic recovery by ensuring the continued flow of credit to the economy. Read more
The Board of Directors of the African Development Bank has approved a $1.4 million grant from the Global Agriculture and Food Security Program to reduce malnutrition among the Southern African nation’s most vulnerable households.
The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana today launched a $400,000 project to strengthen the development of Ghanaian capital markets. This follows the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market.
Path Solutions, the global Islamic banking software company, today announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has successfully completed the upgrade of its fully automated STP Islamic Treasury solution to the new Path Solutions’ Java-based platform iMAL R14.1, as of 21st February. Read more
Path Solutions, a global provider of AAOIFI-certified software solutions and services for Islamic banks and financial institutions, today announced the signing of a new partnership agreement with Bank of Abyssinia (“BoA”), one of the leading banks in Ethiopia serving more than 4.6 Million customers through 580+ branches and Islamic windows. As a new addition to Path Solutions’ fast-growing client base, BoA will be implementing iMAL*IslamicFinancing and iMAL*ProfitCalculationSystem for its Islamic window operations. Read more
Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia's instant payments system 'sarie' in cooperation with IBM and Mastercard, the leading technology company in the global payments industry. This collaboration marks a key milestone for payments innovation in the region and is aligned with Saudi Payments' aim to improve the Kingdom's financial ecosystem, mainly through the adoption of faster payments and improvements to banking reconciliation. Today, 'sarie' supports all Saudi banks across the Kingdom and is available for use by their customers. Read more
The coronavirus pandemic triggered an e-commerce boom in sub-Saharan Africa, alongside the rest of the world. With a global recovery under way, the question now is: can that growth be sustained? Read more
A new survey from Checkout.com a leading global payment solution provider suggests there will be an even greater surge in online shopping during the upcoming Ramadan period. Read more