Fourth cohort attracts 620 fintech startups from all over the world
Nasdaq’s clearing solution will provide DGCX with multi-asset class clearing and settlement
The directive will encourage banks to strengthen the TESS scheme and support customers in overcoming the impact of the pandemic
The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019
Cash accounts for about 11.5 per cent of its investments, which the fund aims to cut to 4 per cent over the next seven months
There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives
Rewards to climb to $67.9bn in 2023 as consumer credit spend recovers post-Covid
Fixed income and gold have emerged as attractive asset classes for regional sovereigns, finds the Invesco Global Sovereign Asset Management study
The first six months saw $72bn of bond issuance from the region
More than $1bn in positions liquidated as bitcoin crashes by $1.4k in minutes
The UAE is the first Arab country, and the 33rd nation globally, to produce nuclear energy
The fund held $112bn in assets at the end of March last year
eWallet is offering a Dhs5 cashback for eligible transactions of Dhs50
AXA will reimburse policyholders up to $5,000 for irrecoverable travel costs
Azure to serve as native cloud infrastructure for Mastercard Labs’ R&D efforts
First Abu Dhabi Bank increased impairments to Dhs1.06bn ($289m) from Dhs467m a year ago
Investors must keep a lookout for stocks with game-changing potential, which inevitably will tap into 5G and enable future growth prospects, opines entrepreneur and investor Shailesh Dash
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic
The DFM attracted 1,718 new investors during the first half of the year
FinTech ranked first in the region for deals ahead of e-commerce and transport and logistics
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network
The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak
The platform provides access to stock exchanges in the US, UK and Hong Kong
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
Majority of UAE investors said they were optimistic about the global economy
An official within the government added that the “issue is fundamentally not for discussion”
The bank’s total income worth Dhs6.8bn for the first half of 2020 also fell 2 per cent from Dhs6.98bn in H1 2019
The perpetual bond is callable after six years and pays a coupon of 6.125 per cent
New structure reduces fees and provides an alternative for local financial institutions traditionally reliant on international brokers