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Abu Dhabi Securities Exchange Signs MoU with #Armenia Securities Exchange  #UAE #AbuDhabi #ADX #AbuDhabiSecuritiesExchange #AMX  Abu Dhabi Securities Exchange  AMX | Armenia Securities Exchange and Central Depository

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Saudi Arabia's decision not to renew its 80-year petro-dollar agreement with the United States marks a significant shift in global finance. This change will allow Saudi Arabia to sell oil and other goods in various currencies, not just US dollars. - End of the 80-year petro-dollar deal with the US. - Ability to trade oil in multiple currencies, including RMB, Euros, Yen, and Yuan. - Potential use of digital currencies like Bitcoin. - Participation in Project mBridge for cross-border CBDC transactions. - mBridge involves multiple central banks and aims to enable instant cross-border payments using distributed ledger technology. - Exploration of new trade agreements and financial partnerships globally. Saudi Arabia's move away from the petro-dollar system signals a major shift in global finance, potentially reshaping international economic dynamics. #Petrodollar #globalfinance #finaverse

Nairobi Securities Exchange, Valour Sign MOU to Enable Trade of Digital Asset ETPs in Africa ➡️ Read All : https://lnkd.in/eAHJd5cg Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital... [...] #ValourInc #DigitalAssets #AfricanFinance #TokenizedFinance #FintechInnovation #Crypto #Exchanges #NBTC

Saudi Arabia, a nation known for its rich oil reserves, is also emerging as a hub for innovation and technology in the financial sector. With the rise of fintech, the Kingdom is witnessing a transformation in the way financial services are delivered and consumed. https://lnkd.in/gQQ2UcMH WAKI #fintechinnovation #fintech #financialsector #vision2030 #economy

Tune in to #CBSA today as we discuss Mozambique's recent MPC decision and its potential impact on the forex market. Joining us at 17h00 CAT on #DSTv410 is Celio Hamide, Head of Sales at #GlobalMarkets Mozambique, Standard Bank Group will also provide a comprehensive update on the Southern and Central African markets. #MarketUpdate

Nasdaq Dubai welcomed the listing of a $500 million Sukuk by the Sharjah Islamic Bank (SIB). This marks the bank’s sixth issuance under its $3 billion Trust Certificate Issuance Program, which was established in 2013. The Sukuk will mature in July 2029. It attracted strong demand from both global and regional investors, recording an oversubscription by three times with orders reaching $1.5 billion. With this issuance, Sharjah Islamic Bank’s total listings on Nasdaq Dubai stand at $1.5 billion. Moreover, it brings the total value of Nasdaq Dubai’s Sukuk listings to $93.89 billion, reinforcing its status as a leading global market for Sukuk issuances. Read more: https://lnkd.in/d6C8psxP #UAE #Sharjah #Sukuk #IslamicFinance

In the first issue of 2024, KARM's Policy Weekly discusses the extensive investments made by the Saudi Public Investment Fund (PIF) across sectors and around the world, the Adani Group‘s partnership with UAE’s International Holding Company (ADX:IHC) to explore #artificialintelligence, the growing interest of institutional #investors in the #UAE in #crypto, and India’s ban on 9 #international #cryptoexchanges for violation of #AML #laws. #ai #crypto #lawfirm #legaladvice #legaladvisor #legaladvisory #web3 #virtualassets

Nasdaq Dubai celebrated the listing of a US$500 million Sukuk issued by Sharjah Islamic Bank (SIB), underscoring the dynamic appeal of the UAE’s capital market. This listing is the sixth issuance under SIB’s USD 3 billion Trust Certificate Issuance Programme, established in 2013. The Sukuk, which will mature in 2029, garnered robust demand from both global and regional investors, being oversubscribed three times with orders totaling US$1.5 billion. #Sukuk #NasdaqDubai #SharjahIslamicBank #IslamicFinance #CapitalMarkets #GlobalInvestment #SustainableGrowth #FinancialInnovation #UAEFinance #InvestorConfidence 

Today on #CBWA, our focus is on Nigeria. We will be discussing the recent postponement of the monthly bond auction and the overall attitude of offshore investors towards the foreign and fixed-income markets in the country. Additionally, we will provide a comprehensive update on the West African markets with Stanbic IBTC's Sanni Oluwamayowa at 15H30 CAT on #DSTv410. Watch live: https://lnkd.in/dNhHYmS #GlobalMarkets #Marketupdate