The solution will help 1.4 billion wallet users conduct transactions seamlessly, directly from their home e-wallets while visiting the UAE without currency conversions
The strategic investment in Komgo was made through Emirates NBD’s Innovation Fund, which was set up earlier this year
The selling shareholders reserve the right to amend the size of the offering at any time before the end of the subscription period
From premium residences to ultra modern commercial spaces, the city’s real estate market offers diverse and lucrative opportunities for investors
The fund mainly invests directly, predominantly in public equities and fixed income but also in alternatives like real estate and private equity
The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia
The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7
The payments solutions provider is now positioned to offer direct merchant-acquiring services and payment aggregation solutions with reduced reliance on traditional banking channels
The partnership seeks to provide customers with a comprehensive range of innovative products and services tailored to modern digital payment preferences
Corporate cards that are defined and operated in the right way will deliver a new level of control to the finance team and each employee
Both digital and mainstream banks in the UAE offer savings accounts for kids, and the law requires parents to monitor the accounts
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
The key takeaway from Powell’s speech is monetary policy will stay “restrictive” until inflation is moving firmly toward 2 per cent
The central bank’s statistics showed these savings deposits increased by 5.8 per cent on a monthly basis
Regional integration efforts like the GCC facilitating smoother M&A transactions by streamlining regulations and cross-border investments will support M&A growth
Governments around the world are increasingly treating private sector companies as key partners in tackling societal challenges, including climate change
Under the new brand identity, Valu has refreshed its logo, application and overall visual identity to represent the company in a more modern and dynamic way
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Jio Financial plans to digitally deliver a range of products in the non-banking financial consumer market in India
On an annual basis, the central bank’s public budget surged by 32.15 per cent, equivalent to Dhs158bn
With digital transformation added into the mix, the modern CFO role has transformed into that of a future-facing navigator, combining risk mitigation with near-live opportunity mapping
The UAE banks invested in various projects in renewable energy, waste-to-energy, and green technology in 2022
The rupee closed at 83.1062 to a dollar on Friday, August 18, within striking distance of its record low of 83.2912 touched in October last year
Tawasal is a secure multi-purpose messenger and super app, which offers free calls, chats, video conferencing and lifestyle services
The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month
The MoU will see the creation of a working group to discuss new ways of delivering supply chain financing to small and medium enterprises in the UAE
The department urged the public to always use authorised money exchange houses or banks to exchange foreign currency
The case marks one of the first instances of a large conglomerate using the UAE federal bankruptcy regime to restructure its business
The prepaid debit card is accepted in more than 200 countries and offers UAE dirham and the US dollar
The firm’s market capitalisation exceeds Dhs1bn ($272m) and it has close to $5bn in assets under management