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Category: FINANCE

Posted on 31/08/2018

Fintech Agreement Between Singapore and Dubai Financial Services Authorities

The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities. …
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Posted on 31/08/2018

Dominican diplomatic mission in UAE under the formation – report

… diplomatic mission in the United Arab Emirates (UAE) is being formed and will be operational soon, Prime Minister Roosevelt Skerrit has been quoted as saying. A report by the Global Banking and Fi…
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Posted on 31/08/2018

Bruised bankers seek consolation prizes after shelved Aramco IPO

DUBAI/LONDON (Reuters) – Investment banks which lost out on … Teams from JP Morgan and Morgan Stanley that worked on the IPO, have been shifted to advise on Aramco’ planned acquisition of up to $70 …
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Posted on 31/08/2018

2017 report reaffirms robust, resilient UAE banking industry

The UAE Banks Federation (UBF) has officially released its annual report for the year 2017, shedding light on major developments, and trends in the UAE banking sector as well as local and regional eco…
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Posted on 31/08/2018

Over 600 UAE bank employees laid off in 2017

More than 600 employees were made redundant by UAE banks last year as they reduced the number of branches, reveals the UAE Banks Federation’s (UBF) annual report. Data revealed that local and foreign …
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Posted on 31/08/2018

UAE Banks Federation says industry poised for growth in 2018

The UAE’s banking system was “strong and robust” in 2017, with a further uptick in growth expected next year due to rising economic momentum in the country, the UAE Banks Federation said in its latest …
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Posted on 30/08/2018

Dubai, Singapore pen FinTech agreement

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) have penned an agreement that allows them to refer innovative financial technology (FinTech) companies betwe…
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Posted on 30/08/2018

A Crypto UAE is emerging, but FOMO already leaves a victim in Abu Dhabi

Seccurency, a US-based provider of financial technology products for the tokenized issuance and trading of securities, is set to open a crypto-asset business under the new Abu Dhabi Global Market (ADG…
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Posted on 30/08/2018

Dubai, Singapore regulators sign fintech deal

Dubai Financial Services Authority (DFSA) and Monetary Authority of Singapore (MAS) have entered into a deal to provide cooperation and referrals in the area of emerging financial technology.
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Posted on 30/08/2018

Dubai Signs Fintech Agreement With Singapore’s Monetary Authority

The Dubai Financial Services Authority (DFSA) has signed an agreement with the Monetary Authority of Singapore (MAS) that provides a framework for cooperation and referrals between the innovation team…
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Posted on 30/08/2018

StanChart to pilot smart guarantees in trade finance

… an industry-defining solution which we believe will transform the way guarantees are issued and processed in the UAE. Siemens Financial Services has been a key partner for us to build and develop …
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Posted on 30/08/2018

MAS Signs FinTech Partnership Agreement with Dubai Regulator

This Wednesday, the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, announced that it had formed a partnership with the Dubai Financial Services Authority (DFS…
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Posted on 29/08/2018

Standard Chartered to pilot blockchain-based smart guarantees in trade finance

Dubai: Standard Chartered announced on Wednesday that in collaboration with Siemens Financial Services, the financing arm of Siemens, and TradeIX, a digital trade provider it will carry out a …
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Posted on 29/08/2018

UAE banking association says industry is robust and resilient

Dubai: The UAE’s banking sector remained strong and robust in 2017 with an uptick in growth on the back of strong economic momentum in the country, according to the 2017 annual report of the UAE …
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Posted on 29/08/2018

UAE banking industry stays robust in 2017: report

The UAE’s banking sector remained strong and robust in 2017 with an uptick in growth on the back of strong economic momentum in the country, said the UAE Banks Federation (UBF) in its annual report fo…
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Posted on 29/08/2018

UAE Startup Launches First-Ever Sharia-Compliant Islamic Crypto Exchange

Adab Solutions, a UAE-based crypto startup has announced the … it makes sense to encourage the growth of a financial system that does not depend on usury. In April 2018, CCN reported that …
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Posted on 29/08/2018

The arrival of blockchain and crypto explained: The legal case for UAE

the UAE has launched the UAE Blockchain Strategy 2021 pursuant to which, 50% of government transactions will be conducted using blockchain technology by 2021. The Financial Services Regulatory Authori…
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