Finance Magnates examines November data. When Russian forex traders deposit most often, the greatest sum of money came from the United Arab Emirates.
Jordan’s economy expected to grow by 2.5% in 2021: PM
Jordans economy is expected to grow by 2.5 per cent in 2021 and the government will launch a program to address challenges in several sectors between 2021-2024, Prime Minister Bisher Khasawneh said.
Singapore says high-speed rail link with Malaysia tripped up by disagreement over ‘assets company’, seeks further compensation
Transport Minister Ong Ye Kung said Malaysia did not want to appoint a firm that would operate the network and be accountable to both countries.
Saudi Arabia awards first licence to offer consumer micro-loans in less than 5 mins
This makes Tamam the first entity in the kingdom and the region to be licensed by a regulator to offer consumer micro-loans via a fully digital customer experience, through a mobile app in just five …
Saudi Arabia’s Sama grants micro-financing license to Zain unit
This makes Tamam the first entity in Saudi Arabia and the region to be licensed by a regulator to offer consumer micro-loans via a fully digital customer experience, through a mobile app …
Saudi Arabia approves new mining investment law
The Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, has approved the implementation of a new mining investment law, following its approval by the Council of Ministers …
Zain’s fintech sub gets the green light to provide micro finance services in KSA
Zain Group has announced that its fintech subsidiary, Tamam Financing Company (Tamam), has been officially licensed by the Saudi Central Bank (SAMA) to provide micro-financing services across Saudi …
South Korean and China’s Shenzhen stocks surge in first trading day of 2021
Pacific were mostly higher on Monday as the first trading day of 2021 kicked off. Mainland Chinese stocks rose by the afternoon: The Shanghai composite gained 0.91% while the Shenzhen component soared …
Turkey: Mergers, acquisitions volume hit $9B in 2020
The volume of mergers and acquisitions (M&A) transactions in Turkey reached $9 billion in 2020, said audit and consulting giant Deloitte Turkey on Monday. Last year, the M&A volume increased by 70% on …
Oxford Economics projects Indonesia’s GDP to grow 6% in 2021
An Oxford Economics report has forecast that Indonesia’s GDP will grow 6 percent this year, significantly more optimistic than earlier projections that put growth at 4.4 percent to 4.5 percent.