Sahl’s strategic vision is to dominate Egypt’s EGP2.5tn digital payments sector by capturing a significant portion of collections for utility companies, a segment worth EGP250bn annually
For businesses, it’s time to rethink where real-time payments sit in the customer journey and the end-to-end payments landscape, says Santhosh Rao, SVP MEASA, ACI Worldwide
CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023
The platform could help Saudi Arabia with its vast Vision 2030 plan
The asset management firm said at least 10 per cent of the fund’s capital will be provided by Brookfield, which manages a portfolio of $925bn
The service, initially available in Emirates NBD’s branches in the UAE and Saudi Arabia, aims to eliminate payment flow barriers caused by different weekend schedules
In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries
Banks should invest in robust SCF solutions that offer comprehensive features for automating end-to-end factoring processes from uploading of invoices to settlement
The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries
The world’s top oil exporter has been seeking to bring in international investment as it launches a range of projects as the Saudi government seeks to diversify its oil-based economy
While sector-agnostic, the fund will have a strategic focus on climate and energy tech, fintech, supply chain logistics, B2B SaaS and AI
The digital bank and MANTRA will develop frameworks for RWA tokenisation that comply with regulations set by the Dubai’s VARA
The IMF said its Executive Board would consider the staff agreement and disbursement in the coming weeks
Zamp said the deal requires approval from Brazil’s antitrust watchdog CADE and the court overseeing SouthRock’s bankruptcy
Dr Zina Jarrahi Cinker, director general of MATTER, reveals key details about one of the biggest events of the year set to come to Abu Dhabi in November
The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks
The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital
According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn
The mBridge platform is an initiative under the CBUAE’s Financial Infrastructure Transformation programme that seeks to accelerate the digital transformation of the UAE’s financial services sector
The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results
The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets
The MENA region, especially the Middle East, is making significant strides in financial technology, with embedded finance emerging as a game-changer
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
The FTA said fines would begin to apply to those who do not comply with the requirements to submit Corporate Tax registration applications before the specified deadlines
The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses
The kingdom is turning to the debt market to find alternative funding sources to cover an anticipated fiscal shortfall of about $21bn this year
The investor meetings for the debt sale will take place beginning from May 28 and will be followed by a US dollar denominated senior unsecured Green Notes
The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m
The UAE’s exit from the FATF’s grey list can be seen as a crucial step, albeit not the sole factor, for fostering robust growth in trade and investment