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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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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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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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Sheikh Abdullah inaugurates new UAE embassy in London – Gulf Business

Sheikh Abdullah bin Zayed, the UAE’s Minister of Foreign Affairs and International Cooperation, has inaugurated the country’s new embassy in London.Sheikh Abdullah and the UK’s Minister of State for International Development and Minister of State of the Middle East at the Foreign and Commonwealth Office, Alistair Burt, also unveiled a commemorative painting to mark the opening of the UAE embassy’s new headquarters. Source: Sheikh Abdullah inaugurates new UAE embassy in London – Gulf Business

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Dubai financier bids $400m for Newcastle United – Gulf Business

  Dubai-based financier Amanda Staveley has made a formal offer to buy English Premier League football club Newcastle United, according to reports. UK broadcaster Sky News reports that Staveley’s PCP Capital Partners has submitted a bid of around GBP300m ($397.4m) to buy the club from sportswear tycoon Mike Ashley. Source: Dubai financier bids $400m for Newcastle United – Gulf Business

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ADNOC listing could raise up to $2.8bn – Gulf Business

Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 per cent stake in its fuel distribution unit, potentially raising up to $2.8bn.Analysts valued the total fuel distribution unit at between $11bn and $14bnin reports prepared by banks advising the firm on the planned listing, sources have told Reuters. Source: ADNOC listing could raise up to $2.8bn – Gulf Business

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