Fintech professional claims that digitization of the UAE economy is being led by individual consumers, not service providers.
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Open Banking set to transform finance in the GCC
Gulf Business talks to Wissam Khoury, SVP and general manager APAC and MEA, Finastra, on the state of Open Banking in the GCC …
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Dubai Islamic Economy Development Centre hosts webinar on Sukuk market
The Dubai Islamic Economy Development Centre (DIEDC), in collaboration with the Dubai Chamber of Commerce and Industry (Dubai Chamber) and in strategic partnership with Refinitiv, hosted the fourth …
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Back To Business: What UAE Merchants Should Stop Doing Now (And Beyond) The COVID-19 Crisis
Visa’s global Back to Business study, which assessed the financial impact of COVID-19 on small and micro businesses (SMBs) worldwide, found that nine out of every 10 consumers in the UAE have changed …
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UTI AMC IPO to open on September 29: Here are 10 key things to know
UTI Asset Management Company is going to open its initial public offering on September 29. The anchor book will open for subscription for a day on September 28 and the issue will close on October 1.
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UAE: Who benefits the most from low interest rate – borrowers or savers?
The Central Bank of the United Arab Emirates lowered its benchmark interest rate by 50 basis points to 1.50 per cent in March this year, but how has this impacted borrowers …
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UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty
A record 15.6 billion UAE dirhams ($4.2 million) increase in cash landed the non-government deposit accounts of banks across the country over the last few months, according to the latest official data …
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The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance
Thousands of leaked documents shared with journalists have shown how some of the world’s biggest banks for years facilitated the movement of dirty money.
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Sports and entertainment are holding back the surge of deglobalisation
The notion of a flat world in which goods and services move seamlessly faces daily assaults from potentially destructive conflicts. In the face of such gloom, it is heartening to see that sports and …
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UAE- DIFC FinTech Hive’s Accelerator Programme to Advance the Role of Women in Financial Services
A female-focused career mentorship accelerator programme to empower women in financial services • 14 young women starting their careers within financial services selected for the programme • Mentees …
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UAE national banks’ total assets reached Dhs2.8 trillion in July
The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
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U.S. IPO Week Ahead: Palantir And Asana Direct-List In 9-IPO Week With Tech, Sports, And Avocados
Nine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sporting goods retailer, an …
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DIFC FinTech Hive rolls out AccelerateHer programme to back women in finance sector
Dubai International Financial Centre’s FinTech Hive, the region’s first and largest financial technology accelerator, has begun the second edition of its career mentorship programme aimed at …
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UAE’s Jafza and Israeli Chambers of Commerce sign agreement to promote trade
The pact follows the normalisation of ties between the UAE and Israel that has led to a series of agreements being announced by companies in the two countries …
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US IPO Week Ahead: Palantir and Asana direct-list in 9 IPO week with tech, sports, and avocados
N ine IPOs and two direct listings are scheduled to go public in the week ahead. The diverse group includes three foreign tech issuers, two biotechs, two US tech unicorns, a sport …
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Yalla Group Seeks $149 Million U.S. IPO
Yalla Group Limited has filed proposed terms for a $149 million U.S. IPO. The firm operates a voice-centric social network focused on the MENA region. YALA has produced enviable financial results and …
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$2.5trln Islamic finance sector to rebound gradually
Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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