Global real estate consultancy, Knight Frank MENA released the Africa Horizons 2023/24 Report, an analysis that highlights Africa’s remarkable post-pandemic recovery. With a focus on Egypt, this report reveals a renewed surge in global interest in the continent, underscored by substantial investment commitments from major global powers including the US, UK, South Korea, UAE, Saudi […]
Microsoft will pull the plug on Xbox 360’s online store and marketplace next year, from July 29, 2024. The company now plans to focus on its latest consoles and subscription service Game Pass. Post July 2024, gamers using the old console will not be able to purchase and download new games, according to a post […]
The Governor, Reserve Bank of India (RBI) launches a centralized web portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation).This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place. The Reserve Bank […]
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reported a remarkable surge and continued success in its digital banking, driven by the growing preference for digital services among customers. The bank witnessed a significant 142 per cent increase in new-to-bank customers opening accounts using ADIB’s Electronic Fingerprints Recognition (EFR) technology. Recent data […]
Emirates Development Bank, the key financial engine of UAE’s economic development and industrial advancement, has inked a Memorandum of Understanding (MoU) to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). In alignment with government priorities, EDB continues to deliver on its mission of fostering a healthy, […]
After riding high on the oil and gas boom for decades, the Gulf countries including Oman, Saudi Arabia and the UAE are eyeing opportunities in green hydrogen, the fuel of the future. This move is an effort by the countries to fuel the economic transition to non-oil based revenues and relieve the climate crisis, Gulf […]
Nigeria requires an estimated $20 billion annual investment in gas infrastructure to boost expansion, said Dr Orji Ogbonnaya, executive secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), reported in the Nigerian Tribune. The report added that Ogbonnaya, in his presentation, urged the need for the government to put in place a national gas utilisation policy […]
Aligning with Qatar’s financial sector and fintech strategy, the Qatar Central Bank (QCB) aims to regulate and develop the financial sector in the country. The apex bank has issued instructions to the insurance policy comparison sites with the aim of licensing and regulating their operations in the country. The bank has further announced that companies […]
Tamakani, the platform launched by PepsiCo in 2019 with an intent to shape an equal, inclusive, and thriving society is dedicated to supporting and inspiring generations of women in the Kingdom of Saudi Arabia. Through Tamakani, PepsiCo aims to empower one million Saudi women by 2030. In keeping with the Kingdom’s Vision 2030 objectives, the […]
Dubai Tech Talks will be hosting an event on the topic of “Building Cyber Resilience: Strategies for a Secured Future” on August 18, 2023 from 6:30 pm to 8:30 pm at DIFC FinTech Hive, Dubai. In an era dominated by digital innovation and technological advancements, cyber resilience has become an essential aspect of success for […]
The residential sector in Dubai recorded its busiest year thus far, with a spike in half-yearly property transactions recorded, according to a report released by global real estate service provider Savills. The transactions surged 44 per cent in the first half of 2023, as compared to a year earlier to touch 57,700, which when split […]
etisalat by e& launches Wi-Fi as a service to empower UAE businesses with cutting-edge solutions specifically designed to provide enhanced connectivity by extending their Wi-Fi signal and coverage throughout the premises. The service can be deployed on an existing Internet connection irrespective of the provider, ensuring that customers enjoy robust connectivity. etisalat by e& has […]
The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange house operating in the UAE, and struck off its name from the register. It has also canceled the registration of RMB Commercial Brokers Co, a hawaladar operating in the country. The administrative sanctions were imposed on both the companies, […]
Oil and Natural Gas Corp Ltd (ONGC) is looking at setting up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical products, as the company prepares for its energy transition, said Arun Kumar Singh, Chairman, ONGC, Economic Times reported. Crude oil is a liquid petroleum product formed from the remains of […]
UAE-based Al Ansari Financial Services on Monday said that, it has sent a formal proposal to acquire majority stake in one of Oman’s prominent exchange companies. But, it has not disclosed the name of the Omani company or the terms of the potential deal. The company said, it received an initial approval subject to meeting […]
