The Monetary Authority of Singapore has launched a $1.75 million global fintech challenge in search of solutions that can help financial institutions grapple with the existential threats posed by ... ( read original story ...)
Singapore orders online election advertising to disclose sponsors
The government of Singapore on Monday set out new rules for internet election advertising, as the coronavirus pandemic is expected to push more campaigning online ahead of the general election that ... ( read original story ...)
Currency Peg’s Implosion Takes Down Lebanon’s Economy
At a small cafe in the south Lebanese village of Ain Ebel, customers once indulged in drinks and lingered for hours puffing on water pipes filled with aromatic tobacco. Now, most go for a quick shot ... ( read original story ...)
5 of 6 Bank of Israel MPC members voted to hold rate at 0.1%, minutes show
Five of six rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.1% on May 25, minutes of the discussions showed on Monday. The MPC in the prior meeting on April 6 had ... ( read original story ...)
Israel’s Mizrahi-Tefahot Bank Names Moshe Lari as CEO
Tefahot Bank has chosen Moshe Lari, vice president and head of the bank's financial division, as its new chief executive. ( read original story ...)
Formula Systems Acquires 70% of Liram Financial Software Ltd.
The acquisition, completed by Michpal Micro Computers, a wholly owned subsidiary of Formula Systems, enables Michpal to expand its operations in the field Financial Accounting, Taxation and Compliance ... ( read original story ...)
Israel government seeks $150 mln El Al share offering, airline says
The government is asking El Al Israel Airlines to issue shares as part of a bailout package, the carrier said on Sunday. JERUSALEM, June 7 (Reuters) - The government is asking El Al Israel Airlines ... ( read original story ...)
Dubai’s Financial Hub Invests in Four FinTech Startups
Dubai International Financial Centre invested in four financial technology startups as part of the business hub’s $100 million fund to help companies seeking access to Middle East, Africa and South ... ( read original story ...)
Commercial Bank of Dubai drops credit card limit by 95%
One of the UAE’s largest banks has reduced credit card limits for some customers by 95% despite an AED100 billion stimulus package by the Central Bank of the UAE to help ease the financial burdens of ... ( read original story ...)
As US protests spread, parents of students want their kids to return to UAE
This request gains urgency as the Black Lives Matter movement is triggering waves of protests that continue across the US. ( read original story ...)