Browsing: Financial Services

Cash settlements for financial instruments listed on the Abu Dhabi Securities Exchange (ADX), including stocks and bonds, will now be conducted in dirhams.

New York-based BlackRock, the world’s largest asset manager with over $11 trillion in assets, is…

Arab Financial Services (AFS), a provider of digital payment solutions and a fintech enabler throughout the MENA region, has revealed its expansion into the United Arab Emirates.

Mashreq Bank has appointed Hassan Orooj as the new Director – Head of Debt Capital…

The second edition of the Arab Payment Week (APW) is set to begin today and will continue until 29 January 2025, at the Sheraton Abu Dhabi Hotel and Resort. Organized by Buna, the cross-border payment system for the Arab world, the event provides a platform for experts and leaders in the financial sector to discuss developments in payments and financial services, explore ways to strengthen the sector’s future, and ensure its sustainability.

Paytm, through its subsidiary Paytm Cloud Tech, plans to establish operations in the UAE, Saudi Arabia, and Singapore to capitalise on its tech-enabled merchant payments and financial services in similar international markets. The company will also seek local licences and partnerships.

Al Hilal Bank, part of the ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer. His appointment marks a significant step in the bank’s ambitious growth plans and its commitment to strengthening its position as the UAE’s leading Shariah-compliant digital bank.

CredibleX has secured $55M in seed funding, which includes both debt and equity, to extend the reach of its Credit-as-a-Service platform to more SMEs across the UAE.

ADGM has revealed plans to set up an Insurance Association within its jurisdiction. This move…

US investment management firm Polen Capital announced on Monday that it has received preliminary approval for a licence to operate from ADGM, the financial centre of Abu Dhabi, as part of its strategy to tap into growth opportunities in the region.