Finance

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

Middle East News 247 November 24, 2023 0

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

Finance

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

Arnold Pinto November 6, 2023 0

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

Business Finance

Hedonova launches unique short-only fund in ADGM

Middle East News 247 September 22, 2023 0

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

Middle East News 247 September 22, 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

Business Finance

Visa study finds that SMBs are eager for global forays

Middle East News 247 September 21, 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

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

Middle East News 247 September 20, 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

Al Ansari Financial Services wins 2 awards in Dubai

Middle East News 247 September 19, 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

Middle East News 247 September 14, 2023 0

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

Business Finance

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

Arnold Pinto August 31, 2023 0

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 Space

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

Arnold Pinto August 29, 2023 0

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