Qatar-based PayLater, recognized as one of the first companies to obtain a buy now, pay later (BNPL) license from the Qatar Central Bank (QCB), has successfully secured a strategic investment from the UAE-based fintech investor, LuLu Alternative Investments (LuLu AI). This investment, the amount of which has not been disclosed, marks LuLu AI’s first foray...
In the UAE, parents are modernizing the Eid tradition of Eidiya, which involves giving children money during festive celebrations. A growing number of families are opting to open bank accounts for their young children instead of allowing them to spend all their cash gifts. This approach not only helps in storing the money safely but...
The Dubai International Financial Centre (DIFC) has announced the launch of the Future Sustainability Forum, a global platform designed to accelerate sustainable finance and innovation. This significant event is scheduled to take place on December 4 and 5, 2024, at Madinat Jumeirah in Dubai. The forum aims to foster collaboration among industry leaders, investors, policymakers,...
Grant Thornton UAE, a prominent financial services firm, has officially announced the opening of its new office in Sharjah. This expansion aims to enhance the company’s service delivery and strengthen its presence in the UAE market. Credit: WAM The new office is part of Grant Thornton’s strategy to support local businesses and contribute to the...
The Dubai International Financial Centre (DIFC) has announced the Future Sustainability Forum, aimed at addressing critical sustainability challenges facing the financial industry. This event will take place in Dubai, reinforcing the city’s position as a leading global financial hub in the Middle East, Africa, and South Asia. Credit: WAM The Forum is set to convene...
Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have officially signed a Memorandum of Understanding (MoU) aimed at enhancing the implementation of Dubai’s Cashless Strategy. This partnership is expected to support the growth of digital payment solutions within the emirate, aligning with the government’s vision for a more digitally enabled economy. Credit: Travel...
India’s Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC) through its subsidiary, Spark Global PWM Private Limited. This strategic move positions the DIFC as the central hub for Spark Capital’s activities in the Middle East. The DIFC is home to 420 wealth and...
Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC), which is recognized as the premier financial hub for the Middle East, Africa, and South Asia (MEASA) region. This expansion is facilitated through its subsidiary, Spark Global PWM Private Limited. The company stated that this...
Abu Dhabi has been recognized as the leading city globally for sovereign wealth, managing an impressive total of $1.7 trillion in assets. This wealth is primarily held by three major entities: the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and the Abu Dhabi Developmental Holding Company (ADQ). Diego Lopez, the founder and managing director...
The Abu Dhabi Global Market (ADGM) has reported strong financial results for the first quarter of 2025, showcasing significant growth and enhanced global recognition. This robust performance continues the upward momentum that began with a record-breaking year in 2024. Credit: Economy Middle East The ADGM emphasized its commitment to fostering a dynamic financial ecosystem that...