National Commercial Bank, Saudi Arabia’s largest lender by assets, is exploring a deal to acquire rival Samba Financial Group in what could become the biggest banking takeover this year, people …
Saudi Arabia’s biggest lender NCB in merger talks with Samba
National Commercial Bank, Saudi Arabia’s biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba Financial Group to create a combined entity with almost $214 …
Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds
The Thai Public Debt Management Office plans to sell the cheaply priced bonds through a state-owned bank’s blockchain e-wallet.
Oman government revenues stand at more than $9.9bln by April
In the meantime, the Ministry will continue to implement the deficit financing plan approved by the Financial Affairs and Energy Resources Council. –ONA 2020 © All right reserved for Oman …
Finance Minister presents budget amendments to help self-employed
According to Katz, his budget amendments will provide a solution for approximately 100,000 self-employed people and small business owners.
How the UAE financial sector is adapting to a post-pandemic world
Financial Technologies report, it said that the cornoavirus, “is an important opportunity for private sector entities to accelerate the digitisation of financial services”. While most sectors such as …
Sarvodaya Development Finance relocates Kamburupitiya branch to better serve cinnamon farmers in the area
Sarvodaya Development Finance, a licensed Finance Company approved by the Central Bank of Sri Lanka, has relocated its Kamburupitiya ..
Axiata scores more backing for digital finance moves
The insurance company acquired a 21.9 per cent stake in Boost Holdings, the holding company for the operator’s digital financial services play, with its Axiata Digital Services unit retaining the …
ADB Approves $1.5 Billion in Kazakhstan, Uzbekistan COVID-19 Loans
ADB said its aid would “support the comprehensive COVID-19 health policy response, social protection and employment protection measures, and economic stimulus plan introduced by the government to …
ADB provides $500 million loan to Uzbekistan
On June 25, the Asian Development Bank (ADB) approved a $500 million loan to help the Government of Uzbekistan mitigate the adverse health and economic impacts of the coronavirus disease (COVID-19) …