The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs
Rising global digitisation due to the pandemic has been a catalyst for companies in the cloud computing and data analytics space, opines entrepreneur and investor Shailesh Dash
Gulf Business talks to Wissam Khoury, head of international at Finastra, on the state of Open Banking in the GCC
DAFZA will provide incentives to Israeli companies wishing to establish their businesses within the emirate
Many SMEs do not have access to bank borrowings, purely because banks are generally reluctant to provide funding to companies that have smaller balance sheets
Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”
ADIO will subsequently open offices in Europe, North America and Asia
Bank Leumi currently holds approximately 30 per cent market share in the Israeli banking system
The agreement will allow Israeli clients to transact directly in the UAE
The federal government’s total revenues were reported at Dhs34.7bn
UAE-based LuLu Exchange contributes to nearly 1.7 per cent of the global remittance inflows, reveals Ahamed
Kuwait’s main equity index led losses in the region
The validity of a family ownership contract can extend up to 15 years, after which it must be renewed
The digital economy’s contribution to the UAE’s local GDP in 2019 reached 4.3 per cent
Al Mehyas has been leading the company following a major reorganisation last year
Samba Financial Group’s presence in DIFC will facilitate its access to regional markets
Its net revenue also declined nearly 11.5 per cent year-on-year to Dhs2.5bn
PIFSS had a record investment profit of $7.3bn in the three months through June
The “incremental” funding will be used to support working capital needs
There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives
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
The consortium formally withdrew its interest because of the prolonged process and current challenges
The fund held $112bn in assets at the end of March last year
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
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
An official within the government added that the “issue is fundamentally not for discussion”
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt