The startup also plans to invest in upskilling its freelancers and SME service providers to help them garner more opportunities
It contributed 9.9 per cent to Dubai’s GDP in 2018
Naqvi is one of six former Abraaj executives who face charges stemming from the private equity’s firm’s 2018 collapse
The Covid-19 pandemic has made contactless payments more relevant than ever before. Khalid Elgibali, MENA division president at Mastercard, discusses whether adoption in the GCC grown significantly
The bank stated that 101,731,408 of its shares were purchased by 254 unique investors on May 28
At end of 2019, its assets under management (AUM) stood at Dhs853bn, compared to Dhs840bn in 2018
Kirdar founded the company in 1982 and led it for over three decades
The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US
Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019
This marks GFH’s second sukuk listing on Nasdaq Dubai, following the listing of a $300m sukuk in February this year
Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons
The acquisition of a 100 million shares is worth around Dhs900m
Wahed Invest got the financing from Saudi Aramco Entrepreneurship Ventures unit as part of a $25m funding round
The investment, part of its $100m FinTech Fund to help establish and upscale fintech companies, reinforces DIFC’s commitment to drive advancements in the financial services sector
The investment will support the company’s entry into Saudi Arabia and fund further growth in the UAE
In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries
Visa has secured exclusivity over Emirates NBD’s debit card for personal, priority, private and business banking customers, and the debit card programme for Liv.
From waiving certain fees to offering rental relief, DIFC is implementing several steps to help firms during the current Covid-19 crisis
Facebook invested $5.7bn in Jio in April for a roughly 10 per cent stake
In the past few years, the firm has structured and invested over $4bn of debt deals
The move aims to provide additional financial assistance to all businesses impacted by the pandemic
Wealth managers need to adopt sophisticated tools such as robo-advisors to stay relevant and offer the best service to their clients, says IT firm Comarch
The law will come into effect from July 1, 2020
The programme is aimed at helping banks amend and restructure loans without additional fees and support private sector employment
The government is looking to its largest-ever debt programme to keep the depletion of reserves limited to SAR120bn
A sale could happen as soon as this week and proceeds will be used for general budgetary needs, sources said
The bank’s chief operating officer, Sandeep Chouhan, has been appointed acting CEO
Reward points can be exchanged for cash which will be deposited into the customer’s Samsung Money by SoFi account
The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook
Banks are trying to find ways to accommodate growing investment demands from cash-rich clients