UAE a key player in global financial sector, says NYSE vice chair
The UAE has solidified its stature as a key player in the global financial landscape by launching economic projects and initiatives that have made it an ideal partner for the […]
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 […]
Swiss bank Lombard Odier plans expansion after getting new Dubai licence
Swiss private bank Lombard Odier plans to double its headcount in the UAE within three years after obtaining a licence to operate from Dubai’s financial centre, one of its senior […]
BHM Capital enters into partnership with Tawasal SuperApp
BHM Capital Financial Services has entered into a strategic partnership with Tawasal SuperApp, a premier communication and lifestyle application, to grant users access to local and international financial markets. The […]
e& capital invests in US-based AI startup Ikigai Labs
e& capital announced that it has participated in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data. Through this […]
FAB, Magnati unite with Geidea to boost digital payments
First Abu Dhabi Bank (FAB) and Magnati have entered into a strategic alliance with Saudi Arabia’s largest fintech company Geidea to provide digital payment acceptance services for businesses in the […]
Dubai Islamic Bank integrates ‘alt’ service with UAE Pass
Dubai Islamic Bank (DIB) has integrated its DIB ‘alt’ services on mobile & internet banking with UAE PASS, the first secure unified national digital identity solution for the UAE. DIB ‘alt’ is […]
e& enterprise and Tap Payments to offer unified digital payment solutions
UAE-based e& enterprise and Tap Payments have entered into a strategic partnership aimed at revolutionizing the digital payments landscape. The collaboration combines the strengths and expertise of both organizations to […]
Dar Al Takaful incurs nearly $14.71mln accumulated losses in Q1-23
Dar Al Takaful reported accumulated losses amounting to AED 53.70 million as of 31 March 2023. The incurred losses account for 20.60% of the paid-up capital, according to a […]
Abu Dhabi TAQA-led consortium secures $620mln funding for desalination plant
Abu Dhabi National Energy Co. (TAQA), alongside France’s ENGIE, have announced the financial closing of the 2.3 billion dirhams ($620 million) low carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination […]