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What can we expect from financial services across MENA in 2023?

  The Middle East is different – it’s one of the few regions where affordable growth capital is readily available. It’s also on a mission to transition to more sustainable industries, including financial services. So what can we expect from financial services in MENA in 2023? We’re not going to try to look into a crystal ball – real innovation is impossible to predict – but we can talk about some trends and about one certainty: there will be a lot of interest in fintech. read more – What can we expect from financial services across MENA in 2023? (gulfbusiness.com)

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CEOs in Middle East upbeat on economic growth

Around two thirds of business leaders out of 4,400 CEOs polled in 64 countries expect an improvement this year. Regardless of fears over an impending global downturn, deepening geopolitical uncertainties, and soaring inflation, Middle East CEOs are upbeat about their region’s economic growth in 2023. They are also very confident about prospects for business revenue growth over the next three years, according to a survey. CEOs in Middle East upbeat on economic growth (zawya.com)

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MENA investment banking fees rise 18% to $806mln in H1 2022 Completed mergers & acquisition fees increased by 26% to $246mln, global data provider Refinitiv said MENA investment banking fees rise 18% to $806mln in H1 2022 (zawya.com)

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Islamic Development Bank, Bloomberg LP launch financial education programme across 9 countries   Islamic Development Bank, Bloomberg LP launch financial education programme across 9 countries (gulfbusiness.com)  

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Exclusive: Visa moves to allow payment settlements using cryptocurrency | Reuters

Exclusive: Visa moves to allow payment settlements using cryptocurrency- Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. By Noor Zainab Hussain (Reuters) Source: Exclusive: Visa moves to allow payment settlements using cryptocurrency | Reuters

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Saudi’s labour reforms take effect with expats now having greater rights

Saudi’s labour reforms take effect with expats now having greater rights. The new initiative offers expatriate workers labour mobility and amends existing exit procedures. BY AARTI NAGRAJ MARCH 14, 2021. Reforms to Saudi Arabia’s ‘kafala’ sponsorship system have taken effect from Sunday, March 14, offering expatriate workers in the country greater flexibility in the workplace. (Gulf Business) Source: Saudi’s labour reforms take effect with expats now having greater rights

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