Business Finance GCC UAE

Aquanow secures VASP licence from Dubai’s VARA

PR News Desk 22/02/2024

Canadian company accelerates global expansion plans Vancouver-based crypto infrastructure provider Aquanow has achieved a significant milestone in its global expansion strategy by acquiring the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority

Banking Finance Space

CoreLogic Australia-ICEYE tie-up to aid financial industry

Arnold Pinto 15/02/2024

Advanced disaster response solution on offer CoreLogic Australia, a leading property analytics company, has signed an agreement with ICEYE, the world leader in persistent monitoring data and natural catastrophe insights, to introduce a cutting-edge disaster response solution tailored for the banking and finance sector. By amalgamating CoreLogic’s four decades of

Finance

Do you know that Singapore and Zurich are the most expensive cities in the world?

Arnold Pinto 17/12/2023

Worldwide Cost of Living index tracks 173 cities Singapore retains its position as the world’s most expensive city this year for the ninth time in 11 years, according to the newly released Worldwide Cost of Living (WCOL) 2023 index issued by the Economist Intelligence Unit, the Research and Analysis division of The Economist Group. The […]

Finance

Singapore FinTech Festival 2023 closes with a record 66,000 participants

PR News Desk 24/11/2023

By Daniel Ngiam Singapore FinTech Festival 2023 (SFF 2023) registered a record 66,000 participants, up from 62,000 attendees in 2022, while convening leaders and experts worldwide in finance, technology and public policy. The eighth edition of the event, held at Singapore Expo from November 14-17, 2023, was organised by the Monetary Authority of Singapore, Singapore’s […]

Finance

Zurich International Life offers Gulf expats 360-degree holistic financial solutions

Arnold Pinto 06/11/2023

Employers urged to prioritise employee well-being and create positive work cultures Zurich International Life offers expats in the UAE and Saudi Arabia a comprehensive retirement planning solution. Beyond retirement planning, the company also addresses savings, education, life insurance, and critical illness coverage. In this interview, Swarnaleka Shetty Vyas, Head of

Finance Business

Hedonova launches unique short-only fund in ADGM

PR News Desk 22/09/2023

Hedonova has launched an exclusive short-only fund, set to debut in the Abu Dhabi Global Market (ADGM). This distinctive initiative marks Hedonova as one of the few investment companies worldwide to introduce a specialised investment strategy centred around short-selling securities on such a scale. The short-only fund, a testament to Hedonova’s innovative spirit,

Business Finance

Visa partners and M2P Fintech to offer seamless payments

PR News Desk 22/09/2023

Visa has partnered with M2P Fintech, Asia’s largest API infrastructure company, to help fintech and non-banking entities issue payment products seamlessly through the Visa Ready to Launch (VRTL) programme. M2P Fintech specialises in building financial infrastructure through various accessible solutions. By acting as a tech layer between banks, fintechs and financial

Finance Business

Visa study finds that SMBs are eager for global forays

PR News Desk 21/09/2023

Visa has revealed findings from the seventh edition of its Global Back to Business Study. It found that most surveyed small and micro businesses (SMBs) plan to prioritise cross-border sales as they scale to new geographies. Additionally, the survey found that many consumers are embracing cashless transactions, with nearly 75% of surveyed shoppers predicting they […]

Finance GCC UAE

DIFC positions Dubai as a global insurance and reinsurance hub with unparalleled growth

PR News Desk 20/09/2023

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, continues to steer Dubai’s position as a worldwide hub for the insurance and reinsurance industry. Having granted several licences to insurance and reinsurance companies in recent months, the sector is on track for 20% annual […]

Finance GCC UAE

Al Ansari Financial Services wins 2 awards in Dubai

PR News Desk 19/09/2023

Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange, recently bagged two awards at the MEA Finance Leaders in Payments Awards 2023 held at The Ritz-Carlton Hotel in Dubai, UAE. Al Ansari Financial Services was honoured with the title ‘Best User Experience […]

Banking Finance

Emirates Development Bank launches solar energy financing initiative

PR News Desk 14/09/2023

AED100-million programme focuses on green energy solutions in the UAE Emirates Development Bank (EDB), the UAE’s development bank, has launched a new solar energy finance programme to support micro, small, and medium enterprises (MSMEs) across diverse sectors in the UAE. The programme will allocate AED100 million to hasten the adoption of green energy solutions, focusing

Finance Business

Zurich Insurance and DIFC Innovation Hub partner to empower insurtech start-up ecosystem in the Middle East

Arnold Pinto 31/08/2023

New collaboration encompasses FinTech Accelerator Programme in DIFC Zurich Insurance Group (Zurich) – the Switzerland-headquartered global multi-line insurer – has entered a strategic alliance with DIFC Innovation Hub, the top-rated fintech and innovation ecosystem in the Middle East region, to empower the latter’s FinTech Accelerator Programme. The FinTech

Finance GCC Saudi Arabia Space

Axiom Space gets AED1.2 billion in a Saudi-led funding round

Arnold Pinto 29/08/2023

Axiom Space, the Houston-based space and aerospace company building the world’s first commercial space station in low-Earth orbit (LEO), has secured AED1.2 billion ($350 million) in its latest funding round. With the latest investment round being led by Riyadh-based AlJazira Capital and Seoul-headquartered Boryung and supported by backers that include deep-tech venture

Finance Business

e& capital grants AED18.4 million to Maxbyte Technologies

Arnold Pinto 28/08/2023

e& capital, an Abu Dhabi-based venture capital company, is leading an AED18.4 million Series A financing round of Maxbyte Technologies, an integrated digital and robotics solutions innovator, to strengthen the company’s market expansion and product development. Headquartered in Coimbatore, India, with an office in Sharjah, UAE, Maxbyte Technologies is an

Finance

Safeguard Your Finances: Hedge & Sachs Reveals 5 Tips to Achieve and Retain Financial Stability in Uncertain Times

News Desk 17/07/2023

Attribute to: Rachit Pant, CEO & Board Member, Hedge & Sachs July 2023, Dubai UAE In today’s unpredictable world, with words like recession looming, achieving and retaining financial stability has become more important than ever. Sudden job loss, expensive holidays, unaccounted for expenses, and loans can throw our finances off balance. However, by

Finance GCC NEWS DESK UAE

Hong Kong and UAE to Collaborate on Crypto Rules

News Editor 26/06/2023

Hong Kong and UAE to Collaborate on Crypto Rules: The United Arab Emirates and Hong Kong have officially announced their collaboration on crypto regulations. The representatives of the Central Banks of Hong Kong and UAE recently met in Abu Dhabi, where both jurisdictions agreed to position themselves as nations that are crypto-friendly. During the meeting, both […]

Finance GCC UAE

Dubai fintech startup rewards you for Sav.ing

Arnold Pinto 20/06/2023

Sav. makes savings convenient, automated and rewarding

Business Finance GCC NEWS DESK Tech UAE

Life savings vanish: UAE and Middle East residents scammed in ‘like-and-earn’ scheme

News Editor 2 16/06/2023

After losing his job as a cleaner in Dubai, Godfrey Mugunga, 33, found himself at the crossroads. With his back against the wall, the Rwandan took a leap of faith and entrusted his entire US$2,500 (Dh9,175) savings to Sky Media, an ‘earning app’ that promised a way out. The offer seemed straightforward: Watch a YouTube […]

Business Finance NEWS DESK

Loans stay affordable, no price hike as US Fed hits ‘pause’ on rate hike

News Editor 2 15/06/2023

UAE consumers and businesses have got a break from paying extra on their loans with the US Federal Reserve not raising the interest at its meeting today (June 14). This puts a pause on rate hikes after 10 increases since March 2022 – and which have been matched by the UAE Central Bank given the […]

Business Finance GCC NEWS DESK UAE

Avoid fines: Deadline extended for UAE mandatory job loss insurance

News Editor 2 15/06/2023

The Ministry of Human Resources and Emiratisation (MohRE) has extended the deadline for imposing fines on non- subscribers to the Unemployment Insurance Scheme from July 1 to October 1. According to the ministry, employees have to mandatorily subscribe to the scheme, and failure to do so will result in a Dh400 fine. It is mandatory that […]