DIFC has started a new study series called “Future of Finance“. The first study, “The Global Finance and Investment Outlook: Charting technological shifts and new global flows,” was put out with the help of Asia House, a research partner. This report talks about important changes and trends that are happening in the global financial services business....
Energy trader and gas carrier owner BGN has successfully doubled its revolving credit facility to $232.5 million, receiving support from the Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB). This significant increase in funding reflects the strong confidence from lenders in BGN’s operations and growth potential. The original facility was set at...
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, has announced the successful completion of a host-to-host integration project tailored for the Emirates Red Crescent (ERC). This project aims to enhance automated payment processes, showcasing both organizations’ commitment to innovative financial solutions that support humanitarian work across the UAE. The integration project was designed...
Dubai’s hedge fund sector has experienced significant growth, increasing the number of operating hedge funds to 75. This surge comes as the emirate welcomes new multi-billion dollar firms, including Tudor Investment Corp and Walleye Capital. In addition to these prominent firms, Dymon Asia and JJJ Capital also established offices in Dubai last year, further enhancing...
e& enterprise, the digital transformation arm of e&, has announced a strategic partnership with PayPal, a globally recognized payment solutions provider. This three-year collaboration aims to enhance the payment capabilities available through the e& enterprise digital payments platform, enabling businesses in the UAE and beyond to offer a wider range of payment options. The integration...
Trading in the United Arab Emirates’ equity markets resulted in mixed outcomes on Monday, reflecting a cautious sentiment influenced by US President Donald Trump’s plans to impose new tariffs. At the close of trading, the FTSE ADX General Index decreased by 0.715%, while the DFM General Index rose by 0.39%. The Trump administration is exploring...
Checkout.com, a prominent global digital payments company, has announced the launch of Visa Direct’s Push-to-Card solution, becoming the first acquirer in the UAE to do so. This new service facilitates both cross-border and domestic transactions, enabling merchants and consumers to conduct real-time money transfers efficiently The Visa Direct platform connects over 190 markets and offers...
Bank of Sharjah has successfully acted as the Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd. This announcement was made on February 16, 2025, highlighting the bank’s role in facilitating significant financial arrangements The loan is structured as a three-year facility and has been...
The Ministry of Finance of the UAE has published a public consultation document detailing the planned implementation of eInvoicing in the country. This document, titled the eInvoicing Programme Consultation Paper, spans 168 pages and outlines the main features and framework of the proposed eInvoicing model, including specific use cases and anticipated data requirements. According to...
FastBull Finance Summit has announced its inaugural event in Dubai, scheduled for April 16-17, 2025. The summit will take place at the renowned Coca-Cola Arena and aims to bring together industry leaders, investors, and financial experts for two days filled with important discussions, innovative trends, and valuable networking opportunities. The event will run from 10:00...