Why does Fintech matter to the financial services

Dubai: Fintech is a rapidly emerging industry that covers the overlapping space of technology with financial services. With the growing application of technology, financial services industry can no longer ignore this latest development. With the increasing ... ( read original story ...)

ADNOC seeks to reduce costs, explore joint ventures

ADNOC has emphasised that, un­like Saudi Aramco’s IPO slated for late next year that will sell ... manages 460 pet­rol stations and convenience stores across the United Arab Emirates. ADNOC said it expects the valua­tion of its retail subsidiary ... ( read original story ...)

PropTech revolution has arrived in the UAE, study finds

PropTech to disrupt real estate market The UAE findings reinforce forecasts that in the wake of the revolutionary change that financial technology (FinTech) is having on the banking sector, PropTech will similarly disrupt the property sector. Property ... ( read original story ...)

Dubai salesman jailed for defrauding bank of Dh180,000

Dubai: A salesman has been jailed for six months for defrauding a bank of Dh180,000 in personal loan and credit card using forged papers within two months. The 39-year-old Pakistani salesman approached the local bank’s Sudanese sales representative and ... ( read original story ...)

Is This Oil Price Rally Sustainable?

citing tougher disclosure rules in the U.S. The final decision for the estimated $100 billion IPO is not expected until later this year. UAE: We will increase compliance. The UAE said that it would cut production deeper in the near future in order to boost ... ( read original story ...)