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On Thursday, The United Arab Emirates (UAE) and Qatar signed an agreement to avoid double taxation and prevent fiscal evasion of income taxes. The UAE Minister of State formalised the agreement for Financial Affairs Mohamed Hadi Al Hussaini and Qatari Minister of Finance Ali bin Ahmed Al Kuwari during the 121st GCC Financial and Economic […]
Saudi Arabia is set to undergo a significant economic transformation, with its GDP projected to reach $1.8 trillion by 2027, driven by Vision 2030’s ambitious diversification plans, rising oil prices, and a growing population. Based on Ken Research reports, Vision 2030 aims to reduce the Kingdom’s reliance on oil exports by developing non-oil sectors such […]
Food and grocery delivery company Swiggy, on Tuesday, received approval for the initial public offering (IPO) of ₹10,414 crore ($ 1.25 billion) from its shareholders, based on the report of the Economic Times. The online food delivery aims to raise ₹3,750 Crore in fresh capital and the IPO will include an offer-for-sale (OFS) component of up […]
Digital payment giant Visa, on Wednesday, collaborated with AWS Partner Network (APN), a community that leverages AWS technologies, with an aim to build innovative solutions and services to make transactions easier, faster, and secure in the payment eco-system for customers. Global payments technology provider said the presence in APN will enable its partners and clients, including cloud-native fintech, to […]
Financial service provider BharatPe, on Tuesday, launched BharatPe One, an all-in-one payment product that integrates point of sale (POS), quick response (QR), and speaker into one device. The fintech company said this product is designed to help retailers simplify transactions by providing payment acceptance options including active and stagnant QR codes, tap-and-pay, and standard card payment alternatives across a […]
Financial solutions company Razorpay, on Tuesday, launched Unified Payments Interface (UPI) Switch, in partnership with Airtel Payments Bank to handle up to 10,000 transactions per second (TPS) at any given time. The company said the solution is a UPI infrastructure and next-generation cloud-based innovation that is aimed to increase success rates by 4-5%, while also providing businesses with five times faster access […]
Construction company Ambuja Cements, on Wednesday, said it achieved a significant milestone in its growth trajectory under the Adani portfolio with an additional investment of ₹8,339 crore ($998.3 million) in the warrants program. The construction firm said the company’s promoter raised its overall investment to ₹20,000 crore, which resulted in a 3.6% increase in Adani’s […]
The Monetary Authority of Singapore (MAS)’s Managing Director Chia Der Jiun, in the Financing Asia’s Transition (FAST) Conference, highlighted the country’s investment raise of $5 billion towards the climate change action on Wednesday. In emphasizing the need for financing the climate change action, Jiun stated about the coordinated effort at both global and regional levels. […]
Indian conglomerate Jio Financial Services, on Monday, signed a 50-50 joint venture with global asset management firm, BlackRock Inc and BlackRock Advisors Singapore for setting up the wealth management and broking business in India. The company has informed National Stock Exchange (NSE) about the joint venture (JV), the newly launched collaboration is subject to regulatory […]
India’s one of the leading online forex platforms BookMyForex introduced its latest innovation of a foreign exchange app with real-time forex card reloads, on Monday. This launch marks a significant milestone in the realm of currency management for travellers, said the company. BookMyForex said the standout feature of its new app is the integration with […]
Fintech company Skipify, on Thursday, collaborated with global payments technology provider Visa, through the Visa Digital Commerce Program, with an objective to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify as well as accelerate the payment process. California-based Skipify said merging Visa’s expertise in digital payments with Skipify’s digital wallet, it aims to […]
Credit rating agency Brickwork Ratings said on Monday, it will resume its business operations and client onboarding following the order of the Securities and Exchange Board of India (SEBI) order from March 26. The company said the SEBI order, issued in September 2023, restricted Brickwork Ratings from onboarding new clients or receiving new mandates from […]
