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FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet

In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the...

GCC consumers would benefit from reforms in the financial services industry

*According to a new leadership roundtable report from Insight Discovery GCC consumers stand to benefit enormously from the adoption of global best practice by the...

Western Union Enables Money Transfers via Messenger

Western Union, a leader in global payments, today announced an innovative and compelling way for Facebook Messenger users in the U.S. to send money...

One in two Managers Already Testing Tokenised Assets

85% agree that financial service providers who are unprepared for mass tokenisation of assets risk being left behind More than half (52%) of fund managers...

DIFC Authority releases updated version of ‘Guide to Islamic Finance’

As debt-based conventional banking faces troubled times, asset-backed Islamic finance is becoming popular in world's financial capitals The Dubai International Financial Centre Authority today announced...

DIFC Courts introduced fully paperless infrastructure

// DIFC Courts, the Dubai International Financial Centre's (DIFC) independent, common law judicial system, on Wednesday said it introduced a new, groundbreaking, fully paperless...

Emirates NBD opens first Private Banking Centre in Abu Dhabi

Expansion of bank’s Private Banking services in line with increasing client demand In line with increasing demand for its bespoke wealth management solutions,...

Innovation very important to 82 percent of executives in financial firms

Fifty-seven percent of global financial services executives believe regulation has enabled growth of their business, according to the results of Deloitte’s Staying Ahead of...

Global Islamic Finance Industry Targets AED7.3 Trillion (US$2 Trillion) in the...

Innovation and product diversification to drive growth of Islamic finance industry The global Islamic finance industry has been forecasted to touch the AED7.3 trillion...

American Express® Middle East launches ‘Choose your Prize’ campaign

Campaign to make using American Express Cards even more rewarding Monthly raffle draw gives Cardmembers flexibility to select prizes that match their lifestyles In line with...

The Gulf Islamic Fund of Gulf Investment Corporation ranked first...

The Gulf Islamic Fund, a Shariaa Compliant investment vehicle of Gulf Investment Corporation (GIC), ranked first among Shariaa compliant funds investing in...

Mortgages to Foreigners Maybe Capped at 50% of Home Value, Sources

A large number of international media sources report that UAE's Central Bank have issued guidelines restricting mortgages for expatriates to 50 percent of the...

Middle East Insurance Summit Sees Growth Potential of up to 400%...

Debo Ajayi: “Summit will encourage debate and dialogue, stimulating innovation and regional products to realise huge untapped market potential” Summit runs from 11 to 15...

GCC Payments Industry Set to Leapfrog Other Economies in 2021

Enhanced digitalisation and tech adoption across the region sees digital transactions increasing Payments made via Bahrain’s BenefitPay set to exceed US$4billion this year 49 per cent...

Ernst & Young named ‘Best Accountant – Auditor’ by Banker ME

Ernst & Young was named as the ‘Best Accountant – Auditor’ in the Middle East region at the Banker Middle East Industry Awards 2011

Funding Dubai SMEs: Challenges and Opportunities

Small and medium-sized enterprises (SMEs) play an important role in the UAE’s economy and contribute substantially to income, output and employment. Acknowledging the importance of...

Abu Dhabi Global Market grants In-Principle Approval for Binance

Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has received its In-Principle Approval (IPA) for a Financial Services Permission (FSP) from the Financial...

Regulatory uncertainty tops organizational risks for senior executives

Large institutions may suffer hit to normalized earnings as a result of re-regulation Deloitte identifies five key industry drivers to impact global financial institutions For the...