FeaturedTechnologyDubai to launch blockchain platform for instant bank account facilityPritam BordoloiFebruary 20, 2020 by Pritam BordoloiFebruary 20, 2020 In order to do so, Dubai has set up a blockchain consortium consisting of six UAE banks... Read more
FeaturedTechnologyEgypt’s National Bank joins Ripple’s blockchain for faster remittancesPritam BordoloiFebruary 13, 2020 by Pritam BordoloiFebruary 13, 2020 The National Bank of Egypt signed an agreement to use Ripple’s global blockchain platform called RippleNet... Read more
EnergyFeaturedDEWA sets world record in saving water and electricityPritam BordoloiFebruary 10, 2020 by Pritam BordoloiFebruary 10, 2020 DEWA recorded 1.86 minutes in electricity customer minutes lost (CML) in Dubai... Read more
FeaturedHealthcareMubadala mulls buying Jadwa’s healthcare assets in UAEPritam BordoloiFebruary 7, 2020February 7, 2020 by Pritam BordoloiFebruary 7, 2020February 7, 2020 Mubadala is reportedly working on a deal with Rothschild... Read more
FeaturedTechnologySaudi Aramco buys shares in blockchain oil trading company VaktPritam BordoloiJanuary 29, 2020February 3, 2020 by Pritam BordoloiJanuary 29, 2020February 3, 2020 Aramco buys $5 mn in new shares which will be used to upgrade Vakt’s platform and also plan for expansion in SE Asia... Read more
FeaturedTechnologyStandard Chartered invests in Singapore blockchain platform ContourPritam BordoloiJanuary 29, 2020January 29, 2020 by Pritam BordoloiJanuary 29, 2020January 29, 2020 Contour aims at digitalising the letter of credit process... Read more
FeaturedTechnologyDubai blockchain market to reach Dh437 mn in 5 yearsPritam BordoloiJanuary 27, 2020January 28, 2020 by Pritam BordoloiJanuary 27, 2020January 28, 2020 The growth rate of Dubai’s blockchain market in 2018 was higher than the global average of 19%... Read more
FeaturedTechnologySingapore to digitalise trade, to collaborate with multiple MNCsPritam BordoloiJanuary 23, 2020 by Pritam BordoloiJanuary 23, 2020 The Singaporean government is teaming up with MasterCard, StanChart, DBS Bank and others... Read more
FintechUOB’s private equity unit co-leads S$42.2 mn funding of Thai fintechBharath KumarJanuary 10, 2020 by Bharath KumarJanuary 10, 2020 UOB was among the top three investors in the funding round for Lightnet... Read more
BankingMastercard, SABB partner to enhance international paymentsInternational Finance DeskDecember 18, 2019 by International Finance DeskDecember 18, 2019 SABB customers can send money to more than 100 countries through Mastercard Send for Cross-Border... Read more