Monday 17 June 2019

Visa B2B Connect launched globally

Visa, a global leader in payment technology, said that the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally. The Visa B2B Connect launch will cover more


Invest in Sharjah to hold 5th FDI Forum in November

The Sharjah FDI Office (Invest in Sharjah) has confirmed dates of the fifth edition of their annual flagship event –the Sharjah FDI Forum – as November 11-12, 2019. Held under the patronage of Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and


GHD Advisory appoints leader for UAE

GHD Advisory, part of global professional services company GHD, has named Salma Bin Breik as advisory leader – UAE to grow its presence in Europe and Middle East region. Operating across GHD’s network of offices in the region – in the UK, UAE and Qatar – G


AREA 2071 hosts 20 startups worth $11.5m

AREA 2071, an initiative of the Dubai Future Foundation, has recently hosted 20 global startups valued Dh42.2 million ($11.5 million) to participate in two renowned global Accelerator Programmes. Maha Al Mezaina, head of AREA 2071, reiterated the essential role played by emerging


Dubai Ruler enacts new DIFC insolvency law

Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of the UAE and Ruler of Dubai, has enacted a new DIFC Insolvency Law, Law No. 01 of 2019, the Dubai International Financial Centre (DIFC) said. The newly-enacted law compliments the DIFC’s commitment


Dubai non-oil trade surges 7pc to hit $92bn in Q1

Dubai recorded a non-oil foreign trade of Dh339 billion ($92.2billion) in the first quarter (Q1) of 2019, an increase of 7 per cent year-on-year (YoY) from Dh316 billion recorded in Q1 last year. Exports registered the most growth, rising 30 per cent to reach Dh42 billion while r


Crescent unit leads $11m funding in Indian startup

CE-Ventures, the corporate venture capital platform of UAE-based global business Crescent Enterprises, has led a Series A funding round of $11 million in Indian meat and seafood e-commerce company FreshToHome. Other investors in the funding round included Das Capital, Kortschak I


UAE residents 'prioritise paying debts, remittances'

UAE residents are paying down debts and remitting money more regularly, as their perceptions of their financial wellbeing improve, said yallacompare, a top leading comparison site for financial products in the Middle East. During the first quarter of 2019, yallacompare’s Co


Ma’an extends deadline for incubator application

The UAE’s Authority of Social Contribution – Ma'an has extended the deadline till July 13 to apply to its Ma’an Social Incubator Program (MSI) in response to the growing interest from entrepreneurs. The UAE’s Authority of Social Contribution – Ma


QIA leads $500m equity financing in SoFi

Qatar Investment Authority (QIA) said that it is leading an over $500 million equity financing in SoFi, a mobile-first personal finance company, alongside existing investors and SoFi CEO, Anthony Noto. SoFi plans to use the funds to continue to invest in its rapid rate of innovat

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