Thursday 9 July 2020

UAE's non-profit organisations get $1.2bn funding in Q1

The non-profit organisations include charity associations, sports and cultural clubs, theatres, public libraries, women’s, children’s and family affairs associations, and other charitable organisations serving the community.   These organisations ser


Card giants power global expansion of Click to Pay

American Express, Discover, Mastercard and Visa today announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV Secure Remote Commerce industry standard – in additional geographies.  


DIFC presidential directive ends on July 31

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region has announced that DIFC Presidential Directive will end on July 31. On 26 April 2020, DIFC declared DIFC Presidential Directive No 4. of 2


Halal angel network teams up with UK Fintech

An angel network that is among the first to penetrate the $5 trillion Halal consumer market has teamed up with UK fintech Delio to digitise the Halal investment market for angel investors across the globe.   Despite the popularity of the Halal market, no angel n


R.Tulsian opens regional headquarters in Bahrain

Multinational auditing firm R.Tulsian is expanding its Bahrain presence in anticipation of future growth, opening its regional headquarters at the Bahrain Financial Harbour to be closer to key clients.    The company is also in the advanced stages of establ


Strategi Advisors Startup Studio initiated

Strategi Advisors has initiated its startup arm, the Strategi Startup Studio to bring together innovative and forward-thinking visionaries to build an entrepreneurship ecosystem in the UAE.   With an abundance in Risk Capital in the UAE and startup scalability b


UAE banks’ lending, deposit growth stable: report

The UAE banks’ aggregate lending and deposit growth remain stable based on the most recent data and the sector holds good level of liquidity and capital, said the Central Bank of the UAE (CBUAE) in its Financial Stability Report (FSR). The report provides information, analy


Global eTrade initiative gains more support

The eTrade for all initiative, which aims to make the digital economy more inclusive  has welcomed the Commonwealth Secretariat and the International Labour Organization (ILO) to its fold, increasing its membership to 32 organizations. The partnership, marking its fourth ann


DMCC extends business support package

Dubai-headquartered DMCC, the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities, has expanded and extended its ‘Business Support Package’ which will run until August 31. The announcement follows the positive market r


Fintech Galaxy launches open innovation platform

UAE-based Fintech Galaxy, a cross-border fintech marketplace, has launched its cloud-based open Innovation platform to drive collaboration, fuel innovation, and facilitate integration between financial and fintech companies. The platformFinX22, which is now live, is hosted on a w

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