Editors pick

AECB introduces ‘Expense to Salary Ratio’ Indicator to Credit Reports

Al Etihad Credit Bureau (AECB) announced that the Credit reports will now include an ‘Expense to Salary Ratio’ (ESR). ESR appears as a indication...

Careem Pay launches digital wallet and peer-to-peer transfer in the UAE

Careem Pay introduces a digital wallet that stores real money for Customers in the UAE. Careem Pay is also launching the UAE’s easiest way...

DIFC launches first global venture Studio Launchpad to grow the “Ubiquitous Finance” ecosystem from Dubai

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced the launch of...

Green finance offers over 1 million GCC jobs and a $2 trillion GDP boost

By developing the right structure and mechanisms for green finance, GCC governments have the potential to unlock $2 trillion in cumulative GDP contribution, more...

GFH shareholders approve $60 million dividend in cash and bonus shares

GFH Financial Group concluded its Annual General Meeting (AGM) for the financial year ending 31 December 2021. Shareholders approved the Board of Directors’ recommendation...

Banking as a Service gains unstoppable momentum according to Finastra research

At its Finastra Forum flagship industry event in Dubai, Finastra today unveiled a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving...

NBK launches sustainable financing framework

National Bank of Kuwait (NBK) launched its Sustainable Financing Framework as it continues to build a market-leading position in sustainable development, enabling and promoting responsible...

Network International and TerraPay complete first live African mobile wallet transaction

Network International and TerraPay, a global payments infrastructure company, facilitating digital transactions without borders, have successfully executed the first live African mobile wallet-based transaction...

Egypt based Lucky – announces its completion of a $25 million fund raise

Lucky, an Egypt based app for credit products, offers and cashback rewards, announces its completion of a $25 million fund raise. The funding round, which...

Commercial Bank of Dubai the first bank to host its AGM at Expo 2020

Commercial Bank of Dubai (CBD) announced that its board of directors and shareholders approved the ordinary and special resolutions during the Annual General Assembly...

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