Browsing: TECHNOLOGY

Business

Paytm Cloud to Set Up Subsidiaries in UAE, Saudi Arabia, Singapore

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.

Banking

UAE’s Al Hilal Bank Appoints Jamal Al Awadhi as CEO

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.

Business

UAE launches National Investment Strategy 2031

UAE has unveiled its National Investment Strategy 2031 at the UAE Government Annual Meetings 2024 in Abu Dhabi, with more than 500 senior officials from various sectors in attendance. This announcement underscores the UAE’s commitment to strengthening its position as a global investment hub. The strategy was introduced in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, and Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court.