A new global center of excellence in risk management, The “Global-Asia Insurance partnership” (GAIP) in Singapore is scheduled to be launched at first-ever Singapore International Reinsurance conference (SIRC)’2020 Re-mind’ virtual event to be held on the first week of November. As Asia faces structural and emerging risks GAIP will be the strategic response to deal […]
The founder and CEO of MENA region’s first and largest open banking platform is confident about the revolution that the technology will create in the industry. A mobile banking application that has license can become financial advisor to customers in open banking. Open banking refers to sharing of financial information electronically and securely, with the […]
Singtel, Singapore’s largest mobile operator is advancing with its project to start a digital bank together with Grab, the multinational ride hailing company. Sichin Mittal, Singapore based DBS bank analyst says this joint venture looks like “a strong candidate for a full digital banking license.” Monetary Authority of Singapore, which is a central bank and […]
The head of Saudi Aramco’s trading arm said, The Organisation of the Petroleum Exporting Countries, OPEC, and its allies will have to take on with “lot of demand issues” before raising production in January 2021. They plan to raise production by 2 million barrels per day (bpd) from January after COVID pandemic hits demand down. […]
OpenPayd, which is an application programming interface (API)- led banking-as-a-service(BaaS) provider, launched InstantFX, which will help clients gain easy access to foreign exchange payments. Firstly, OpenPayd is a Technology business established in 2015, that provides a wide range of banking and payment services.that provides a wide range of banking and payment services. InstantFX gives a […]
Oman Banks Association (OBA) has advised lending institutions in Sultanate to welcome few technological innovations in global banking and financial services landscape. The Association’s CEO, Ali Hassan Moosa, warns Oman banks for neglecting new developments that have the potential to revolutionise the global industry. The innovations include open banking, fintech, robotic process automation, Artificial intelligence, […]
In the US and Europe, Stock markets plunged as Coronavirus cases surge, efforts to contain Coronovirus is not going as planned. The US reported 83,000 cases a record high on daily Covid-19 cases which surpassed the July peaks. Despite the insistence of the US president Donald Trump, that the country is “rounding the turn” on […]
According to the CEO of Al-Nahdi Medical company, Yasser Johari, The pharmaceutical industry has contributed wide scope of services during the COVID pandemic with Ministry of Health to protect people in the country. Al-Nahdi Medical company also ensured that all necessities were available during health emergency and it was an active support with Saudi authorities. […]
A Survey result states that nearly two-thirds of entrepreneurs believe their small businesses might not survive in long run due to COVID and many jobs might slump. A London business school has warned UK as an survey estimates 6m small businesses supporting 16.6m jobs are in a precarious position financially due to COVID. According to […]
European workers fear for their continuity as half of small scale and medium sized establishments which provide jobs, for the coming 12 months, according to a survey released by Mckinsey which is a management consultancy. Governments in Europe are forced to impose new restrictions on activity and reckoning of fresh national lockdowns. As warnings multiply […]
TCS has partnered University of Tokyo (UTokyo) to conduct academic-industry research. It is said in a statement that this partnership will address real world business and societal challenges. “Society 5.0 is Japan’s concept for a better future, built around an inclusive, sustainable and knowledge intensive society, where information and services generate value underpinned by digital […]
Tesla will be entering European Market through export of its China-Made Model 3. It will export Model 3 sedans from its factory in Shanghai later this month. It will be joining large number of automakers with China as an export hub for E-vehicles. The U.S. car-makers will be exporting China-made cars later this month to […]
Petronas an oil and gas company which is owned by Malaysian Government has started production from the Ghazeer gas field in Block 61, Oman, Through PC Oman Ventures(subsidiary of Malaysian oil and gas giant Petronas) and its partners BP Exploration (Epsilon) Ltd and Makarim Gas Development LLC. It was confirmed by The national oil firm […]
Fintech Saudi and Flat6Labs have launched the Fintech Accelerator, a unique innovation and entrepreneurship program. Fintech Saudi is an initiative launched by the Saudi Arabian Monetary Authority (SAMA) to act as a catalyst for the development of the financial services technology. This intensive 3-month Fintech Accelerator program brings together Fintech Saudi’s market reach and Flat6Labs’ resources […]
The U.S. Department of the Treasury turned up pressure on Iran by sanctioning 18 major banks in order to isolate it from the global banking system and thwart attempts to build nuclear weapons. The Office of Foreign Assets Control (OFAC) today 16 Iranian banks for operating in Iran’s financial sector and one bank for being […]
