EXCLUSIVE Sustainability Bank al Etihad partners with Visa for carbon insights tool Jordan’s Bank al Etihad has partnered with Visa to offer a carbon insights tool within its app. The bank says the tool, developed by German fintech ecolytiq, gives customers information about their carbon footprint based on debit and credit card transactions. Ecolytic’s product is intended to increase consumer spending while encouraging them to make “greener […] June 13, 2025
Finance UAE entrepreneurs lack succession plans, warns HSBC Almost half of entrepreneurs in the UAE have no formal succession strategy in place to protect their business or family wealth, according to a report from HSBC. This failure to prepare points to a structural risk in one of the country’s most vital economic segments. While 98 percent of UAE respondents are optimistic about their […] June 12, 2025
Banking and Finance Kuwaiti companies to face fines for not disclosing ownership Kuwait is expected to net nearly KD4.1 million ($13.5 million) from financial penalties imposed on 4,000 companies flouting transparency rules related to their ownership. The government had given more than 150,000 businesses operating in Kuwait until June 10 to disclose what it terms as “the actual beneficiary or owner” as part of a crackdown on […] June 12, 2025
Exclusive Banking and Finance Stablecoin issuer Circle targets UAE’s $44bn remittance corridor Stablecoin issuer Circle, fresh off a $1 billion initial public offering on the New York Stock Exchange, is in early talks with money-transfer houses in the UAE to plug its USD Coin (USDC) into one of the world’s busiest remittance corridors. Circle is the sole issuer of USDC, the world’s second-largest stablecoin, with a market […] June 12, 2025
Finance Egypt plans to issue first tranche of $504m sukuk Egypt is reportedly planning to issue the first tranche of the EGP25 billion ($504 million) local sovereign sukuk issuance in the third quarter of 2025. The Ijarah sukuk will be issued to test the market and gauge investor appetite, followed by remaining tranches, Ashraq News, an Arabic financial portal, reported quoting three unnamed government officials. […] June 12, 2025
Finance EU plans to remove UAE from money laundering watchlist The European Union (EU) plans to remove the UAE from its list of high-risk countries for money laundering, a move that could ease compliance burdens for investors and banks operating in the Gulf state. The decision still requires final approval from the European Parliament and Council, which have up to two months to raise objections. […] June 11, 2025
