Latest News – CEO Weekly

May 6, 2025

Commercial Bank of Dubai Integrates Blockchain for Cross-Border Payments

In a pioneering move within the Middle East’s banking sector, Commercial Bank of Dubai (CBD) has integrated blockchain technology to enhance its cross-border payment services. This strategic initiative positions CBD at the forefront of financial innovation, aiming to provide faster, more secure, and efficient international transactions for its clientele. Embracing Blockchain for Enhanced Payment Solutions […]

by CEO Editorial Team

May 5, 2025

Kuwait Approves $65 Billion Public Debt Law, Paving Way for Economic Transformation

In a landmark move poised to reshape Kuwait’s financial landscape, the government has approved a public debt law authorizing the issuance of up to 20 billion Kuwaiti dinars (approximately $65 billion) over the next 50 years. This legislation marks Kuwait’s return to international debt markets after an eight-year hiatus, providing a critical tool to address […]

by CEO Editorial Team

May 5, 2025

Mashreq Bank Launches Digital Banking Operations in Pakistan, Pioneering Financial Inclusion

In a landmark development for Pakistan’s financial sector, Mashreq Bank, a leading financial institution headquartered in the United Arab Emirates, has commenced pilot operations of its digital retail bank in Pakistan. This initiative positions Mashreq as the first international bank to receive a restricted license from the State Bank of Pakistan (SBP) under the country’s […]

by CEO Editorial Team

May 2, 2025

Ripple Secures Regulatory License in Dubai, Marking Major Milestone for Crypto Payments in the Middle East

In a bold step that signals the accelerating integration of blockchain technology into mainstream finance, Ripple has officially secured a full regulatory license to operate within the Dubai International Financial Centre (DIFC). This development not only solidifies Dubai’s status as a global fintech hub but also marks a significant milestone for Ripple as it continues […]

by CEO Editorial Team

May 1, 2025

BNY Mellon Establishes Regional Headquarters in Saudi Arabia: A Strategic Move into the Middle East

In a significant expansion of its global operations, Bank of New York Mellon (BNY Mellon) has secured a license to establish a regional headquarters (RHQ) in Riyadh, Saudi Arabia. This strategic move aligns with Saudi Arabia’s Vision 2030 initiative, aiming to diversify the nation’s economy and position it as a leading financial hub in the […]

by CEO Editorial Team

April 30, 2025

Saudi Arabia’s Public Investment Fund Signs $51 Billion MoUs with Japanese Financial Institutions

In a significant move to bolster international financial collaboration, Saudi Arabia’s Public Investment Fund (PIF) has signed five memorandums of understanding (MoUs) valued at up to $51 billion with leading Japanese financial institutions. The agreements, announced during the Future Investment Initiative (FII) conference in Riyadh, aim to enhance bilateral capital flows and support Saudi Arabia’s […]

by CEO Editorial Team

April 16, 2025

Abu Dhabi’s CYVN and Bahrain’s Mumtalakat Finalize Landmark Acquisition of McLaren Automotive and Stake in Racing

Abu Dhabi, UAE & Manama, Bahrain – In a move poised to reshape the future of the iconic British luxury automotive and motorsport brand, Abu Dhabi-based advanced mobility investment firm CYVN Holdings LLC and Bahrain Mumtalakat Holding Company BSC(c) (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, have officially announced the successful completion […]

by CEO Editorial Team

April 15, 2025

Dubai and Abu Dhabi Shine as Smart City Leaders in IMD 2025 Ranking Amid Global Housing Concerns

Lausanne, Switzerland & UAE – In a notable achievement highlighting their commitment to technological advancement and urban innovation, both Dubai and Abu Dhabi have secured positions within the top 5 of the prestigious IMD Smart City Index 2025. This recognition comes at a critical juncture, as cities worldwide grapple with a burgeoning global housing crisis, […]

by CEO Editorial Team

April 14, 2025

CBUAE Holds Firm on 2.0% Inflation Forecast for 2025, Signaling Economic Stability Amid Global Uncertainty

Abu Dhabi, UAE – In a reassuring signal of economic stability, the Central Bank of the UAE (CBUAE) has reaffirmed its inflation forecast for 2025 at a steady 2.0%. This projection stands in stark contrast to the prevailing global economic climate, where many nations continue to grapple with elevated levels of inflation. The CBUAE’s confidence […]

by CEO Editorial Team

April 13, 2025

UAE’s Non-Oil Trade Surpasses AED 2 Trillion, Fueling Robust Growth Projections

The United Arab Emirates’ ambitious economic diversification strategy is yielding significant results, as evidenced by the nation’s non-oil trade exceeding a remarkable AED 2.0 trillion in the first nine months of 2024. This impressive figure represents a substantial 14.9% year-on-year increase, underscoring the growing strength and dynamism of the UAE’s non-hydrocarbon sectors. The robust trade […]

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