Banking & Finance

US Federal Reserve cuts interest rates by quarter point amid cooling inflation

Fed policymakers projected they will cut their benchmark rate by a quarter-point just twice in 2025

UAE payments revenue to reach $27.3 billion by 2028: Report

Despite global slowdowns, the UAE leads the GCC, fueled by digital transformation and financial investments 

ADGM to launch mobile app for an all-in-one business and lifestyle experience

In collaboration with Hub71, ADIO, Aldar Properties, The Galleria, and Numou

OPEC Fund authorizes nearly $1 billion in new development financing

These initiatives support global nations by improving infrastructure, food security, renewable energy, and economic resilience

UAE’s FTA launches VAT refund system for e-commerce retail purchases for tourists

Tourists in the UAE can apply for VAT refunds directly through e-commerce platforms registered with the authority before their purchases are shipped

Zand launches institutional-grade digital asset custody services

The service is designed for corporate and institutional clients

From dry powder to long-term value: Why AI is the future for sovereign wealth funds

With AI, investment institutions can enhance investment life cycle, drive value creation, and streamline internal operations

Integrating the digital and human workforce today for better banking tomorrow

Banks like Mashreq are adapting new technologies to meet customers’ changing preferences

ADNH Catering seeks Saudi expansion, raises stake in Compass Arabia to 50 percent

Riyadh's high-growth private healthcare sector presents compelling opportunities to increase market share

ADFW 2024: Finstreet launches first-of-its-kind international securities financial market infrastructure

With FSRA approval, Finstreet’s regulated subsidiaries are operational, accepting applications from professional investors

Mastercard brings Apple Pay to customers in Egypt

Apple Pay is available with the National Bank of Egypt, Banque Misr and Commercial International Bank

Qatar 2025 budget revenues to reach $53.84 billion amid lower oil prices

The expected budget deficit of QAR13.2 billion will be financed through local and external debt instruments

ADGM announces plans to establish insurance association to promote industry growth

The association will enhance collaboration, standards, and practices in the insurance industry

Visa, ADGM Academy to boost UAE financial sector innovation, talent development

Partnership to focus on innovation in cybersecurity, AI and fintech through joint research, specialized training

ADFW 2024: ADGM FSRA spotlights key regulatory enhancements at Fintech Abu Dhabi

Developments include a comprehensive framework for the issuance of FRTs within ADGM

Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program

Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders

ADFW 2024: Emirates NBD welcomes Chainlink to Digital Asset Lab

Chainlink’s membership will play a key role in advancing the lab’s mission to create innovative solutions in digital finance

UAE named region’s best-funded startup ecosystem with $146 million raised in November

Tech startups in the MENA region secured $258 million through 46 deals last month

Central Bank of Kuwait allocates $792 million bonds, securitization

The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent

iPhone ‘Tap to Pay’ service launched for UAE merchants

Merchants can simply prompt customers to hold their contactless payment method near the iPhone

Samsung Pay service launched in Saudi Arabia, says SAMA

The agreement was signed at the inaugural 24 Fintech conference in Riyadh

ADFW through the years: A journey of growth and global influence

ADFW serves to reaffirm Abu Dhabi’s position as one of the Gulf Cooperation Council’s leading financial hubs

Abu Dhabi’s Hub71 secures $1.9 billion in funding for startups

The global tech hub generated revenues surpassing $1.08 billion