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MEA Finance

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Transforming Finance: Generative AI presenting the next frontier

Many of us will have experienced this by now, a monotonous automated voice on the other end of the phone helping you with your...

Ajman Bank appoints new Group Chief Financial Officer

Ajman Ban announces the appointment of Ediz Ozsoy as the new Group Chief Financial Officer (CFO). This strategic move is aimed at further strengthening...

EFG Holding posts EGP 14.7 billion in full-year revenues

The group’s net profit rose 47% YoY to EGP 3.2 billion in 2023, supported by the increase in profit at its brokerage division, asset management, Valu, and aiBANK

UAE central bank maintains the base rate at 5.40%

The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year

MANTRA completes $11M round led by Shorooq Partners to accelerate RWA tokenization

MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology...

UAE’s du secures licences to offer fintech services

The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era

Right Time, Right Place

What is behind the emerging choice or preference for the GCC, especially the UAE, as a location for managing wealth? The GCC, in particular the...

100 Days of COP28 legacy DIFC forges ahead with Sustainable Finance Catalyst

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, continues to drive its...

A History of Progress

What do you think was behind NBF’s strong results in 2023? Well, before I attribute the strong results to various businesses, I would like to...

UAE banking sector poised for continued growth in 2024

Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion

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