Saudi Islamic fintech market projected to be worth $47.5bn by 2025

“Most encouraging are the developments in OIC countries where large target markets exist.

“This system monitors the payment orders of electronic money units and the issuance of detailed ‘Trail Audit’ reports on payment orders, while linking operations with system users and service providers,” the CBE said in a statement.

The number of shoppers in the week to April 17 rose to 75 percent of its level two years earlier, up by 31 percentage points on the previous week, and the volume of job adverts held at pre-pandemic levels.

Nestle’s measure of so-called organic growth, which strips out effects from acquisitions, divestments and foreign exchange movements, jumped by 7.7 percent in the first three months of 2021, as the group increased its share of growing markets, the statement added.

NOC blames the interim government for the halt in production at the eastern facility, citing the Central Bank’s refusal for several months to pay out funds from the oil sector budget.

Oil is by far Libya’s biggest source of revenue.

The interim authority includes a three-member Presidential Council and a cabinet, which was appointed under a UN-led process to lead the divided country toward general elections in December.

Following the transfer of shares, the acquisition will make First Abu Dhabi Bank one of the largest international banks operating in Egypt, with assets exceeding EGP 130 billion after consolidating on Dec.

“This step represents a strategic achievement that supports First Abu Dhabi Bank’s development aspirations at the international level and will accelerate the expansion of its business in one of the most important markets with high growth potential.

Mohamed Abbas Fayed has been appointed CEO of the combined entity.

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