Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation
The holding firm’s financial position is backed by its total assets of Dhs362.9bn as of June 30
Hargreaves Lansdown said talks with the consortium “remain ongoing”
All three major indexes registered their biggest three-day percentage declines since June 2022
The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis
Crypto markets have benefited this year after the US regulators approved an exchange-traded fund
The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year
Insurers face significant challenges related to climate change, impacting both value creation and emissions reporting
With a focus on innovation, user experience and financial inclusion, neobanks are rapidly gaining traction and challenging traditional banking models
Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009
The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures
A manufacturing report spooked investors, sparking broad risk-off moves across markets
24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation
PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China
Despite a decrease in total gains to Dhs2bn, attributed to the de-recognition of PureHealth in 2023 and the adoption of corporate tax in the UAE, the group’s overall net profit remained strong
Tam Finans operates through a network of 39 branches and has more than 40 per cent of the Turkish micro-leasing market
The policy decision follows the US Federal Reserve’s announcement to keep interest rates unchanged
The investment will pave the way for the payments firm’s expansion into the UAE, Middle East and Africa
US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September
The boards of two lenders have approved the proposal and the Central Bank of Kuwait was notified of their plans
The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024
The company, which has witnessed substantial growth since its inception, serves over 188,000 retailers across 17 Egyptian cities
The funds will be distributed in the UAE by locally licenced promoters, including onshore conventional and Shariah-compliant consumer banks
Since June last year, the central bank has hiked rates to 50 per cent and it pledged to remain vigilant to inflation risks
A significant percentage of UAE consumers indicated they would consider switching payment providers if they lost access to airport lounges
Tony Hallside, CEO of STP Partners, a full-service DIFC-based prime broker, discusses the firm’s innovative prime brokerage services, strategic successes, and future plans in the dynamic financial landscape
DTC said its taxi segment benefited from higher tariffs, and an increased number of dedicated airport taxis, in the reporting period
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn