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Tag: banking

Posted on 20/10/2021

JS Bank & Home Matters, Collaborate to Provide Housing Finance to UAE Based Pakistanis

Home Matters will provide an end-to-end mortgage brokerage service exclusively for JS Bank. The agreement was signed by Fahad Siddiqui, Head of Secured Lending – JS Bank and Sawan Karia, Managing …
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Posted on 20/10/2021

Saudi Arabia toughens finance firm law penalty

Saudi Cabinet on Tuesday approved raising the penalty for violating the Finance Companies Law to not more than SR2 million, the Saudi Press Agency reported. Following the amendment, the penalty is SR2 …
( read original story …)


Posted on 20/10/2021

TerraPay partners with LuLu International Exchange to power real-time cross-border transfers from UAE to key global markets

TerraPay, a global payments infrastructure company, today announced the partnership with LuLu International Exchange, part of the LuLu Financial Group- a leading global financial services provider.
( read original story …)


Posted on 20/10/2021

UAE races ahead with exemplary Covid strategy

The UAE handled Covid remarkably well, keeping numbers in check while unleashing a vaccination policy that’s been all-embracing. And not just that: over the course of time when a virus ran amok, the …
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Posted on 19/10/2021

Commercial Bank of Dubai, Infinios to support fintechs in UAE

Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services announced a strategic partnership to support the fintech ecosystem in United Arab …
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Posted on 19/10/2021

Startups at Dubai’s in5 secure investments worth Dhs1.4bn

More than 150 new companies joined in5 since 2020, bringing the total number of startups supported by the incubator to 500.
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Posted on 19/10/2021

Commercial Bank of Dubai and Infinios announce strategic partnership

Commercial Bank of Dubai (CBD) and Bahrain-based FinTech Infinios Financial Services announced a strategic partnership to …
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Posted on 19/10/2021

Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth

The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the …
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Posted on 19/10/2021

15,000 jobs to come up at Dubai Internet City in the next four years

Dubai Internet City (DIC) expects the number of people working in the region’s leading technology hub will increase by 15,000 to 40,000 by 2025, sai …
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Posted on 19/10/2021

Over 3,000 Delegates Take Part in Global Business Forum Africa 2021 in Dubai

The high-level event, organised by Dubai Chamber in partnership with Expo 2020 Dubai on October 13-14, 2021, hosted a record 550 bilateral meetings between African and UAE investors. Commenting on the …
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Posted on 19/10/2021

These Bank Robbers Used Deepfake To Imitate Boss’ Voice And Siphon $35 Million

Advertisement Excess of everything is bad… Not long ago, Justin Bieber fell prey to a deepfake version of Tom Cruise and now it seems like the technology is even being used to commit heists. A bank in …
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Posted on 18/10/2021

Israel, UAE jumping forward with Fintech cooperation

At a joint Israeli-Emirati conference in Abu Dhabi, officials from both countries delved deep into the details of how cooperation has already moved forward.
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Posted on 18/10/2021

Saudi fast-food franchise operator Alamar Foods considers IPO, sources say

Saudi Arabia’s Alamar Foods, the regional franchise operator for Domino’s Pizza, is considering an initial public offering (IPO) that would allow The Carlyle Group sell some of its stake, three …
( read original story …)


Posted on 18/10/2021

Gitex Global 2021: At Dubai Internet City, the in5 startup programme is picking winners

Dubai: Fintech-focussed startups are emerging as the favoured category in Dubai Internet City’s in5 incubator programme, as more UAE and Gulf residents take to digital payments and services. “Is there …
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Posted on 18/10/2021

India vs England, ICC World T20: Who will win India vs England warm-up match at Dubai?

Virat Kohli-led Team India will lock horns with Eoin Morgan’s England in their first warm-up game ahead of the ICC World T20 in Dubai. Team India will kickstart their T20 World Cup campaign against …
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Posted on 18/10/2021

Emirates NBD releases inspiring video campaign “People without limits” to mark the commencement of Expo 2020 Dubai

Dubai: Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (MENAT) region and a Premier Partner and the Official Banki …
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Posted on 18/10/2021

UAE: Experts share insights on why some family businesses fail, yet some survive

Family businesses make up more than half of the world’s gross domestic product (GDP). They are engines of growth and recovery in times of great challenge and in the last decade, they have been …
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