Monday 24 June 2024

Euronet, Fintech Galaxy partner to promote open banking

Euronet, a leading global financial technology solutions and payments provider, and Fintech Galaxy, a leader in open banking and financial innovation, today announced a partnership focused on enhancing open banking-based payment processes.   The partnership incl


‘Startup Qatar’ debuts at Collision 2024 in Toronto

‘Startup Qatar’ has showcased the exclusive advantages and extensive opportunities offered to startups and entrepreneurs aiming to establish and expand their ventures in Qatar at Collision 2024 tech conference in Toronto.    Dr Khalid bin Rashid


GCC non-energy growth ‘resilient’ despite oil output cuts

High-frequency data paints a positive outlook for non-energy sectors across the GCC even as extended oil production curbs are predicted to slow down the economy.    Within the GCC, Bahrain continues to diversify its economy and reduce reliance on oil revenu


HSBC launches global wealth trading platform in the UAE

HSBC has announced the launch of WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments internationally.   WorldTrader will give HSBC Wealth and Personal Banking (WPB) customers access to up to 80% of gl


Bank Al Habib Pakistan, Global Money Exchange Oman in remittances deal

Bank Al Habib Pakistan and Global Money Exchange Co are set to begin their remittance collaboration to bring about substantial benefits to the Pakistani diaspora in Oman.    This collaboration will further strengthen the economy of Pakistan by promoting rem


Al Salam unveils key finance offer for Bahrain residential projects

Al Salam Bank-Bahrain, a leading financial institution in the kingdom, has announced the launch of its exclusive financing offer tailored for beneficiaries of the Tas’heel and Enhanced Mazaya schemes aspiring to own property in the Deerat Al Oyoun in Diyar Al Muharraq, or the Danat Al L


European Investment Bank in €12.8bn new transport, energy funding

European Investment Bank (EIB) has announced that it has won approval from the board for €12.8 billion in new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help business to expand.


UAE needs to keep ‘attracting millionaire investors’

The UAE's growing role as a global financial centre will only be boosted by its ability to keep attracting the world’s wealthiest millionaire investors, said Ben Laidler, Global Markets Strategist at eToro.   Its combination of ease of doing business,


UAE trading market shows ‘resilience and opportunities’

The UAE retail leverage trading market is showing resilience and a profusion of opportunities, said leading financial services research firm Investment Trends in its 3rd edition of the 2024 UAE Leverage Trading Report.    The report highlights the resilienc


Global FDI decreases 2% to $1.3 trillion in 2023: UNCTAD

Global foreign direct investment (FDI) decreased by 2% to $1.3 trillion in 2023, according to the latest World Investment Report released by UN Trade and Development (UNCTAD).   When excluding the impact of a few exceptions, the report reveals a sharper decline

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