One of the first commercialised blockchain applications in the country, the platform will create an ecosystem for multiple trade-related entities ... ( read original story ...)
UAE launches ‘Trade Connect’ blockchain-based trade-finance platform to combat fraud
The United Arab Emirates today launched a new blockchain-based platform called UAE Trade Connect that’s designed to prevent economic crimes such as under-invoicing, money laundering and fraud in trade ... ( read original story ...)
UAE hits its digital stride in KYC and blockchain
The UAE was already a fintech pioneer but Covid turned it into a leader. Banks and government agencies are furiously rolling out blockchain-backed services that do everything from seamless KYC checks ... ( read original story ...)
Bad loans at UAE banks likely to increase once relief measures are over – S&P
Problem loans at banks in the UAE are likely to increase further once borrower support measures are lifted, S&P Global Ratings said on Sunday. The ratings agency has also given the local banks a group ... ( read original story ...)
UAE goes live with ‘Trade Connect’, a blockchain-based trade finance platform, to counter fraud risks
Dubai: UAE has rolled out a blockchain-based trade finance platform with the intent of stamping out fraud and financial crime risks such as duplicate- or under- invoicing. The ‘UAE Trade Connect’ ... ( read original story ...)
Revolutionising digital banking with virtual accounts
Aleta Planet seamlessly integrates simplicity, security, and dynamism in its proprietary technology solutions. Chairman and CEO Ryan Gwee shares ... ( read original story ...)
S&P views economic, industry risks in UAE’s banking sector as stable
S&P Global Ratings has classified the UAE’s banking sector in group '5' under its Banking Industry Country Risk Assessment (BICRA). After the pandemic started, the UAE Central Bank (CBUAE) implemented ... ( read original story ...)
Emirates NBD and ECI sign agreement on trade finance
Initative aims to boost the confidence of the financial sector to fund UAE companies towards their manufacturing, export and expansion goals ... ( read original story ...)
Emirates NBD and Etihad Credit Insurance sign agreement to ease bank’s businesses access to trade finance
Dubai: Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Emirates NBD have signed an agreement that will improve the liquidity of UAE exporters and businesses and enhance their ... ( read original story ...)
Tristar confirms withdrawal from planned IPO in Dubai
Logistics firm Tristar Transport says board and shareholders believe greater returns can be realised without IPO ... ( read original story ...)