Jamal Al Nassai, group managing director for Merchant Services at Network International shares his insights on the company’s strategic direction, innovative solutions for merchants, and the future of digital payments in the region
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
According to CBUAE, the insurance sector’s growth was driven by increased policy activity, investment returns, and a rising demand for coverage in key areas such as property and employment
The finance and insurance sector registered a record 13.4 per cent growth in Q2 2024, contributing 7.4 per cent to the GDP
The credit facility is expected to provide ROSHN with the financial flexibility needed to pursue new opportunities and strengthen its position
In addition to loans, the platform offers a range of financial services, including invoice, POS and receivables financing, and insurance
These developments reflect a robust economic landscape in the UAE, characterised by a solid banking sector and increasing investor confidence
The tap was priced at $102.54, yielding 7.35 per cent, a 15 basis points tightening from initial pricing thoughts
Neopay, originally established as a strategic division within Mashreq, has expanded rapidly, becoming a key player in the UAE’s digital payments sector
The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape
This partnership supports Riyadh Air’s goal of becoming the world’s first fully digital airline as it prepares to expand to over 100 destinations by 2030
Catering primarily to the UAE’s large expatriate population, the SNPL feature offers financial flexibility, allowing users to send money abroad and pay in installments
The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE
The central bank directed the foreign bank to present the regulator’s action to its board of directors
The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region
The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region
The event explored transformative innovations in capital markets and regulatory developments while highlighting investment prospects
Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA
The subscription period is expected to commence this month, with the listing anticipated in October
The plan, developed based on extensive assessment and analysis, aims to provide a comprehensive solution to stabilise the company’s financial and operational platforms
The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing
The report highlights that the sharp decrease in deal-making and exits over the past two years has largely plateaued in the early part of 2024
The exchange reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period
Experts believe that popular sports can teach us many valuable lessons that can be successfully applied to fields such as trading
While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024
To mark the fintech sector’s growing importance and in line with Saudi Arabia’s Vision 2030, the inaugural 24 Fintech 2024 event is set to take place from September 3-5
DFSA’s efforts have also bolstered the growth of the capital markets within the DIFC, which remains the world’s largest market for ESG sukuk
The region’s fintech sector is rapidly transforming, driven by strong investments, supportive regulations, and visionary initiatives like Saudi Arabia’s Vision 2030. As the sector grows, industry leaders share their insights on what lies ahead