Banking
Ripple In Banking License Push
Crypto company Ripple has applied to US regulators for a national bank charter, as the distinction between digital asset firms and traditional financial institutions becomes increasingly blurred.
Author: Mark Townsend
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Capital Raising & Corporate Finance
United Kingdom: Capital Markets Flounder
The state of the United Kingdom’s capital markets is perilous. IPO activity has fallen to its lowest levels in 30-years.
Economics, Policy & Regulation
Saudi Arabia: Liberalizing The Real Estate Market
Starting January 2026, Saudi Arabia will permit foreigners to buy and own property in designated zones, reversing longstanding restrictions to attract more foreign investment.
Economics, Policy & Regulation
Russia Skirts Sanctions Using Bitcoin
Efforts by the West to punish Russia using an array of sanctions are being undermined as Russian companies increasingly use...
Capital Raising & Corporate Finance
Talabat Stumbles Despite UAE’s Top 2024 Listing
The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat...
Economics, Policy & Regulation
Global Rules, Local Impact: UAE Aligns With OECD
Starting Jan. 1, the United Arab Emirates (UAE) will levy a tax of 15% on large multinationals (MNCs) operating in...
Capital Raising & Corporate Finance
Lulu IPO Gets Mixed Reception
Lulu Retail Holdings, a major operator of hypermarkets in the Middle East, raised $1.72 billion last month in an initial...
News
China’s $1.3 Billion Peru Gamble Redraws Global Trade
A new $1.3 billion deep-water megaport in Peru will likely become the latest battleground in a rumbling trade dispute between...
Banking
ADQ To Purchase Odeabank
Abu Dhabi Development Holding Company (ADQ) has agreed to acquire a 96% stake in Bank Audi’s loss-making Turkish subsidiary, Odeabank,...
Technology
UAE: Global Chip Makers Evaluate Building Plants In The Gulf
Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) have held talks with United Arab Emirates (UAE) officials that could see...
Banking
Egypt: United Bank Stake For Sale
Egypt’s government plans to sell a stake in United Bank via an initial public offering (IPO) during the first quarter...
Banking
Kuwait: Boubyan, Gulf In Merger Talks
Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may...