The UAE economy expanded by 3.6 per cent last year, driven by strong non-oil sector growth as the country continues to pursue its diversification goals. The country’s gross domestic product reached …
CREALOGIX and Tuum forge strategic alliance to transform banking in the EMEA at Seamless Middle East 2024
Dubai, United Arab Emirates – A leading Fintech company headquartered in Switzerland, CREALOGIX and Tuum, a leading next-generation core banking provider, today announced a strategic partnership aimed …
UAE’s ADNOC Group offers 5.5% stake in drilling unit
UAE’s ADNOC Group said on Wednesday that it plans to sell a 5.5 per cent stake in its drilling business to eligible institutional investors through a bookbuild offering, more than two years after it …
Leading UAE bank upgrade’s nation’s growth forecast
Emirates NBD on Wednesday upgraded its non-oil growth forecast for the UAE this year to 5.0 per cent from 4.5 per cent earlier, taking headline GDP growth ..
Huspy secures investment round, led by Balderton Capital
The property technology company is building a Super App for real estate starting with best technology for real estate agents and brokers …
Spinneys launches ‘The Kitchen by Spinneys’ at Dubai Mall
It’s the company’s first-ever standalone food hall concept; A second Kitchen by Spinneys scheduled to open at Creek Harbour later this year …
Saudi Arabia’s Rasan Information Technology Prices IPO at Top of Range
Saudi Arabia’s Rasan Information Technology Prices IPO at Top of Range DUBAI (Reuters) – Saudi Arabian fintech firm Rasan Information Technology has priced its initial public offering on the local …
UAE’s Wio becomes one of fastest ‘neo-banks’ globally to hit a profit
Wio’s deposits have gone past Dh11b, with SMEs being a sizeable customer base Dubai: The UAE digital-only bank Wio recorded a profit of Dh2 million in 2023, which is also its first full year of …
UAE-listed banks lead GCC in Q-o-Q growth in 2024 at 5.6 per cent
Bottomline performance for the GCC banking sector remained steady with a healthy q-o-q growth of 11.8 per cent and a Y-o-Y growth of 10.5 per cent to reach USD 14.4 billion during Q1-2024, according …
United Arab Bank collaborates with Network International for its omnichannel payment solutions in the UAE
Corporate clients of UAB can leverage Network International’s proven expertise in end-to-end payment solutions …
UAE: Company Fined Dh450,000 For Violating Trading, Investment Rules
An online investment and trading platform has been fined nearly Dh450,000 for offering securities without an approved prospectus, Abu Dhabi authorit …
UAE-listed banks lead GCC in Q-o-Q growth in 2024 at 5.6%
Bottomline performance for the GCC banking sector remained steady with a healthy q-o-q growth of 11.8% and a Y-o-Y growth of 10.5% to reach $14.4 billion during Q1-2024, according to GCC Banking …
Financial adviser Sarwa fined $122,500 by Abu Dhabi Global Market regulator
The FSRA’s investigation was co-ordinated with the Dubai International Financial Centre, whose Dubai Financial Services Authority conducted its own investigation on a company linked to Sarwa within …
Magic Compass Debuts at Dubai Forex Traders Summit with the Latest Financial Technology Solutions
The Hong Kong subsidiary of Group, is a Hong Kong Securities and Futures Commission (SFC) licensed corporation and a member of Hong Kong Exchanges and Clearing Limited (HKEX). Moreover, Group also …
France open to UAE investments in nuclear industry, minister says
France is open to the United Arab Emirates investing in its nuclear energy industry, its finance minister said on Tuesday ahead of discussions in the Gulf state with UAE officials. Sources told …
UAE’s InvoiceMate and 24SEVEN sign embedded finance partnership to revolutionise retail finance through blockchain
UAE SMEs typically face challenges with invoicing and cash flow … Through this partnership we will be able to provide better access to finance for retailers and suppliers and support their daily …
France Invites UAE Investment in Nuclear Energy Sector
France’s Finance Minister extends an invitation to the UAE for investments in its nuclear energy industry during discussions in Abu Dhabi. The collaboration could involve private companies like Orano.