Finance Feeds was at iFX EXPO Dubai 2022, one of the most popular finance and fintech B2B conferences in the world.
( read original story …)
Oil price falls after UAE backs to push OPEC to increase outputs
The dramatic U-turn by the United Arab Emirates set off the biggest drop in brent crude since April 2020, with the benchmark falling 13% during the session.
( read original story …)
Wealthy Russians flock to Dubai as west tightens sanctions
We’ll send you a myFT Daily Digest email rounding up the latest Dubai news every morning. Russians have flocked to set up businesses and buy property in the United Arab Emirates in an effort to secure …
( read original story …)
Majority of Middle East customers prefer digital banking, survey finds
Most Middle East residents prefer online banking, a trend accelerated because of the digital transformation of banking and payment industries in the past few years, new research shows. Nearly 77 per …
( read original story …)
UAE Says OPEC+ Should Boost Output, Setting Up Tension in Group
The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the alliance led by Saudi …
( read original story …)
UAE puts focus on climate finance at UN’s top table
Dr Sultan Al Jaber, the UAE’s Special Envoy for Climate Change and Minister of Industry and Advanced Technology, on Wednesday said that billions of people were “highly vulnerable” to climate change …
( read original story …)
Planning to invest in LIC IPO? Here is everything you need to know
The Life Insurance Corporation of India, popularly known as LIC is set to go for one of the biggest initial public offerings (IPO) to date, as the Government of India will sell 5 …
( read original story …)
UAE: What are the legal risks investors need to watch out for when investing in virtual assets?
Many need clarification on the legal ramifications when investing in virtual assets. Dubai: With the rise in popularity of digital investment assets like cryptocurrencies and the UAE approving a law …
( read original story …)
UAE banking sector poised for growth: A&M
The profitability of the UAE’s banking sector recovered appreciably in 2021 and will grow further in 2022 on the back of anticipated economic recovery and the digital transformation of the banking …
( read original story …)
FRANCHISE IN UAE’s T20 LEAGUE ACQUIRED BY CAPRI GLOBAL
Capri Global has made its first ever historic foray into cricket by acquiring a franchise in UAE’s T20 league.
( read original story …)
ADNOC is UAE’s most valuable brand, while DFM is the fastest growing
Image Credit: Gulf News Archive Dubai: The energy giant ADNOC remains … which recently completed a Dh4 billion IPO, the retail and property conglomerate Majid Al Futtaim, and Emirates Global …
( read original story …)
Profitability of UAE banking sector recovers amidst cautionary winds as deposits outpace loans in 2021
The UAE Banking Pulse for FY 2021 suggests that, overall, banks have performed well on key income categories related to the markets Profitability of UAE banking sector recovers amidst cautionary winds …
( read original story …)
UAE-Based Teen Banking Startup Cashee Joins Visa Fintech Fast Track Program
With the program, Cashee can access capabilities within Visa’s global network, as well as boosts its roll out to offer a digital payment solution to youth in MENA.
( read original story …)
United Arab Emirates Censured for Money Laundering, Terrorism Financing
The Financial Action Task Force, a Paris-based intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, has censured the United Arab Emirates for not doing …
( read original story …)
Dubai’s Biggest Bank to Boost Number of Women in Senior Roles
Emirates NBD plans to fill a quarter of all senior positions with women over the next five years as Dubai’s biggest bank joins a global push for greater gender diversity. Females represent 41% of the …
( read original story …)
UAE’s Aafaq Islamic Finance and Arab Financial Services to back fintech startups
The partnership is part of Bahrain-based AFS’s Regional Partner Program that supports new and existing fintechs to launch operations across the region.
( read original story …)
Dubai’s Medad Technology to invest $100m in patented healthcare and fintech advances
and Zand Bank, one of the new generation of digital banks in the UAE. The company – which is ‘advanced talks’ with a prospective global partner for an entry into Europe and the US – has already …
( read original story …)