“With the SEC, we… will have spent $200 million defending ourselves against a lawsuit, which from its very beginning… doesn’t make a lot of sense,” Ripple’s CEO said.
UAE participates in 68th meeting of GCC Undersecretaries of Ministries of Finance Committee
The United Arab Emirates, represented by the Ministry of Finance, participated in the 68th meeting of GCC Undersecretaries of Ministries of Finance Committee yesterday, which was held in Muscat, Oman.
UK Pound Set To Gain Further Against UAE Dirham After Hitting A One-Year High
The British pound, which hit a one-year high against the UAE dirham and the US dollar this week, is set to gain further as the European economy perf …
Tarabut Gateway partners with Visa to accelerate growth and redefine open banking in MENA
The partnership aims to merge their capabilities and launch innovative products and solutions for the MENA market …
Dubai Islamic Bank
Dubai Islamic Bank PJSC engages in the provision of banking and financial services. It operates through the following segments: Consumer Banking, Corporate Banking, Real Estate Development …
FinTech can help UAE achieve 7% annual growth to support its 2031 target to double economy
FinTech is among the sectors that could help the UAE achieve its aim of posting another year of 7 per cent growth this year, repeating last year’s economic performance, the Minister of Economy has …
The financial education is advancing in the UAE: Avail a free course and learn to trade in stock markets
But don’t worry, a free online course offered by Lead Capital Corp is now available and can provide you with the knowledge and skills you need to start with confidence in the stock market world.
UAE banks launch new initiative to stop fake documents
Banks in UAE have launched a new network to verify documents to prevent financial fraud. Jamal Saleh, director general of UAE Banks Federation, said they have come up with a new initiative to stop …
Ministry of Finance kicks off 2023 ACFE Fraud Conference
Technological advancements and digital initiatives are providing fraudsters with new tools to penetrate defences …
Saudi Arabia’s AI powerhouse, Mozn announces GCC expansion as it launches into the UAE
Regional AI leader to bring AML and Anti-Fraud capabilities to financial institutions across the Emirates, GCC, boosting their compliance journeys and accelerating economic progress …
Abu Dhabi’s ADGM financial centre to expand by ten times
Abu Dhabi’s ADGM financial freezone will expand its area of jurisdiction by ten times, it said on Monday, part of the United Arab Emirates push to make its financial sector a major contributor to the …
UAE to become next Silicon Valley, say experts at summit
Exploring the seamless possibilities of AI, policymakers from the public sector, businesses, and academia opined that Dubai and the UAE are rapidly becoming a hub of advanced technologies, particularl …
UAE corporation tax: what startups need to know
Rayhan Aleem is the founder of Alpha Pro Partners, a UAE-based accounting firm focused on the tech sector. The UAE has long been …
E& Joins Dubai Fintech Summit As A Headline Sponsor – ZEX PR WIRE
Dubai, UAE, 7th May 2023, zex pr wire , e& – one of the world’s largest technology and investment groups, has joined the first-ever Dubai FinTech Summit as the Headline Sponsor to share its expertise …
EDB and MoE recognise partners for Bank’s Credit Guarantee Scheme
Emirates Development Bank, a key financial engine for the economic development and industrial advancement of the UAE, and the Ministry of Economy …
UAE: Ajman Bank achieves over $13.3mln net profits in Q1-23
Ajman Bank generated AED 49.15 million in net profit during the first quarter (Q1) of 2023, an annual hike from AED 33.92 million. Net operating income amounted to AED 231.57 million in Q1-23, higher …
Bank of Sharjah boosts capital by $218mln to $820mln
The bank said after its Annual General Meeting that this move is set to enhance its financial position and foster future growth …