PayTabs unites with Tabby to boost GCC’s digital economy
PayTabs Group, MEASA’s award-winning payment solutions powerhouse, has partnered with Tabby, MENA’s leading shopping and financial services app, in order to power the growth of eCommerce across Saudi Arabia and the UAE. The collaboration aims to elevate businesses on the PayTabs Payments platform by offering Tabby’s interest and fee-free split payment solution creating a seamless […]
DFSA hits FFA Private Bank with $370,000 fine over system failures
Dubai financial regulator has fined FFA Private Bank (FFA) $373,842 (Dhs1.4m) for having inadequate systems and controls to identify, assess and report trading, which exhibited suspicions of market abuse between February 2018 and March 2021. The Dubai Financial Services Authority (DFSA) said the weaknesses in FFA’s systems and controls meant that the company failed to identify […]
DGCX launches GCC’s 1st Shari’ah Compliant Silver Spot Contract
The Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, has launched GCC’s first Shari’ah Compliant Silver Spot Contract (DSSC), to provide investors with a reliant and transparent platform for trading the white metal. Having received regulatory approval from the UAE Securities and Commodities Authority (SCA), the […]
Abu Dhabi’s Invest AD launches Blackstone Private Debt Fund
Abu Dhabi Investment Company (Invest AD), a wholly owned subsidiary of Mubadala Investment Company, has launched the Invest AD Blackstone Private Debt Fund, an SCA-regulated fund, which will offer local feeder access to Blackstone’s US and European private credit strategies. The feeder brings Blackstone’s institutional-caliber credit platform to qualified non-US investors, primarily in the UAE. […]
DIFC unveils five-year innovation strategy for financial services
Dubai International Financial Centre (DIFC) and Refinitiv have revealed a five-year outlook for innovation in the financial services industry. Following the initial wave of innovation sparked during the pandemic, the global financial services industry continues to see major transformations. Tailored to the evolving preferences and expectations of customers and clients, the high demand for convenient […]