News

In April 2023, the Bank of Japan intends to start a pilot project for central bank digital currency- CBDT post a successful proof of concept- PoC. Uchida Shinichi, executive director of central bank in Japan made this announcement at...

According to the Bulgarian Finance Minister, Rossitsa Velkova, the country is scrapping the target of adopting the euro from January next year as there are criteria it is failing to meet. That said, it is hopeful to join the...

The World Bank, which is already reeling under some pressure to enable developing countries to cope with climate change, may very well alter its internal lending guidelines so as to free up $4 billion in terms of lending capacity...

As per a Reuters survey, China’s Central Bank is anticipated to inject more cash in the case of rolling over maturing medium-term policy loans while also ensuring to keep the interest rate unchanged. The markets have already showcased their...

The Central Bank of the United Arab Emirates (CBUAE) has initiated the Financial Infrastructure Transformation (FIT) program to push the digital transformation across the country's financial services sector. The CBUAE opined that the FIT project consists of nine important efforts...

Emkan Finance, Emkan Emkan Finance, an omnichannel FinTech company owned by Al Rajhi Bank, has collaborated with IBM to develop its digital financing product for Saudi Arabia’s small and medium enterprises (SMEs). The collaboration will enable Emkan Finance to provide...

Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the nation, and Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi have announced the signing of a...