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Saudi-based bank SAB touts first Islamic Repo completed on blockchain

Saudi-based bank SAB touts first Islamic Repo completed on blockchain

Saudi Arabian bank, Saudi Awwal Bank (SAB), a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake, ha...
Fuze hit with fine as Dubai's VARA spots AML failures

Fuze hit with fine as Dubai's VARA spots AML failures

The Dubai Virtual Assets Regulatory Authority (VARA) has issued a notice on its website stating that it has fined Morpheus Software Technology FZ...
IEA predicts slowing global demand for oil will lead to record surplus in 2026

IEA predicts slowing global demand for oil will lead to record surplus in 2026

The International Energy Agency says the world is heading straight into a record-breaking oil surplus in 2026, as global demand growth slows down a...
Oil supply consistently fall short as OPEC+ members struggle to fill new output quota

Oil supply consistently fall short as OPEC+ members struggle to fill new output quota

OPEC+ said it would boost production to meet the world’s rising need for oil, but the barrels aren’t showing up. Since April, the group’s eight maj...
RAKBANK debuts crypto brokerage service in UAE

RAKBANK debuts crypto brokerage service in UAE

UAE-based RAKBANK launched its crypto brokerage service via its mobile app for retail customers, thus enabling crypto trading for its customers.