Saturday 25 May 2024
 
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UBF AGM approves plans to further develop banking sector

UAE Banks Federation’s (UBF) Annual General Meeting has approved plans to develop the UAE banking sector and strengthen the UAE's position as one of the global financial, economic and commercial centres.   The AGM held under the chairmanship of Abdulaz

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Crealogix and Tuum forge alliance to transform banking

Crealogix, a leading Fintech company headquartered in Switzerland,  and Tuum, a leading next-generation core banking provider, have partnered to revolutionise the banking and financing landscape in the GCC region.    The alliance will bring together th

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24 French asset firms with $1.6trn AUM convene in UAE

Some 24 French asset firms with around $1.6 trillion of assets under management (AUM) gathered in Abu Dhabi for the second edition of the UAE-France Investors Meetup hosted by Abu Dhabi Global Market (ADGM).   This exclusive gathering, led by Bruno Le Maire, the

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Q1 net profits of ‘GCC firms slide led by Energy and Telecom’

Aggregate net profits reported companies listed on GCC exchanges dropped to the second lowest level in nine quarters during Q1-2024 at $56.4 billion as compared to $61.8 billion in Q1-2023, according to Kamco Invest.    The decline was mainly led by a y-o-y

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GCC debt market fragmented; continuing to rise: Fitch

GCC debt capital market (DCM) issuances should continue to rise through 2024 and 2025 and are steadily approaching $1 trillion outstanding, but with fragmentation across the bloc, says Fitch Ratings in a new report.    The rise is expected to be slower than

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Mideast family offices invest more in real estate: UBS

Middle Eastern family offices continue to hold a high allocation to alternative investments with, on average, the highest allocations to real estate (15%), as the local market is thriving.    They also see AI as one of the most promising areas to invest in

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Returns from investing in India highest: Ambassador

The returns from investing in India are some of the highest in the world, said Sunjay Sudhir, Ambassador of India to the UAE.   “The growth story of India is itself a big pull for investors,” Sudhir said in his foreword to Alpen Capital’s resea

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Emirates Islamic issues $750m 5-year Sustainability Sukuk

Emirates Islamic, a leading UAE Islamic financial institution, has announced the successful pricing of its $750 million first ever Sustainability Sukuk, marking a milestone in the bank’s sustainable journey, and Islamic finance industry.   This is the firs

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UAB, CBB and BAB host ‘AI-Driven Banking Services’ workshop

The practical applications of AI within the banking and financial services industry were explored in a workshop hosted by the Union of Arab Banks (UAB).    The three-day workshop titled "AI-Enhanced Banking: Unleashing the Power of Data," in colla

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Key deal to transform payment flexibility in hospitality

A key agreement between Texas-based Sabre Hospitality, a leading software and technology provider of the global travel industry, and Uplift, the leading ‘Buy Now Pay Later’ solution for the world's travel brands, is set to revolutionise payment flexibility in hospitality.

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