State Street, Blue Owl Capital and Point72 have joined a host of leading finance names setting up shop in the Middle East, as an influx of talent to the region continued in the first quarter.
UAE: New app seeks to facilitate installment payments for small businesses
Initially rolling out operations in the UAE, the platform plans to expand globally in the coming quarters, aiming to simplify financial management, enhance efficiency, and drive growth. Special …
Mastercard and ABHI collaborate to fuel UAE’s Financial Landscape
Mastercard has collaborated with ABHI, an embedded finance platform backed by Hub71, to strengthen financial payments landscape across the UAE.
UAE Cabinet approves National Youth Agenda 2031; introduces ‘Blue Residency’ for sustainability experts
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour …
CWG Secures Best Copy Trading Platform Award at BrokersView Expo 2024 in Dubai
PORT VILA, VANUATU / ACCESSWIRE / / In a testament to resilience and innovation in the financial sector,CWG Marketsclinched the “Best Copy Trading Platform” award at the recently concluded BrokersView …
Terrorist groups suspected of channelling funds into Dubai real estate: Report
Numerous people linked to groups targeted with the United States sanctions as terrorist organisations, such as Hezbollah and Houthi rebels, appear to have bought real estate in Dubai, reports Nikkei …
Dubai beats Singapore, London as top city for ‘greenfield’ FDI projects
FDI Markets data, compiled by the Financial Times, found the UAE’s financial capital ranked top overall in global “greenfield” FDI projects attracted in 2023.
Mideast Stocks: Gulf markets slip on weaker earnings; Dubai hits four-month low
Dubai’s benchmark index dropped 1.1% to 4,093 … Oil prices, a catalyst for the Gulf’s financial markets, dipped 0.3% as the International Energy Agency trimmed its forecast for 2024 oil demand …
Demand for digital payments surging in UAE
Current trends in the UAE’s digital payment sector show a sustained preference for credit cards and digital wallets, especially for online transactions …
Dubai’s TECOM to invest $463mln in acquiring commercial, industrial assets
The company, which is owned by the investment vehicle of Dubai’s ruler, had also raised AED 1.7 billion from an IPO in 2022. According to the plan: – TECOM Investment FZ LLC, a subsidiary, will …
Middle East IPO market set to continue growing in 2024
Initial public offerings in the Middle East are poised for continued positive aftermarket performance this year, following significant post-IPO gains in …
ADIB Wins Three Awards at MEED’s MENA Banking Excellence Awards 2024
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has won three awards at the MEED MENA Banking Excellence Awards 2024. The ban …
Salary on demand & seamless payments: Mastercard and ABHI collaborate to fuel UAE’s financial landscape
A faster and more convenient way for working individuals to access earned salaries.
Emirates Development Bank Launches Cash Management Solutions, Empowering Clients with Financial Control
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, today announced the launch of ‘EDB Smart Connect’, an innovative cash …
Project Dubai Unlocked revealed ownership of properties owned by Pakistanis in Dubai
ISLAMABAD: The project ‘Dubai Unlocked’ revealed the ownership of properties of the global elite in Dubai. The list includes political figures, globally sanctioned individuals, alleged money …
Robust Gulf IPO activity records $1.2bln proceeds in Q1
In terms of Mena stock exchange performance, the Egyptian Exchange (EGX30) emerged at the top with an 8.0 per cent gain during Q1 2024, followed by Boursa Kuwait Premier Market with 7.5 per cent and …
UAE continues to post robust growth in non-oil sectors: OPEC
The UAE’s non-oil GDP registered a significant y-o-y increase of 7.3% in Q2 2023, with major contributions from the construction, finance and insurance sectors, it stated in the May report. This …