Middle East AUM rises by 11% to reach $1.2 tn in 2020
A report by Boston Consulting Group mentioned that the sector grew to $1.2 tn in 2020 from $1.1 tn in 2019...
Tag : UAE
DP World plans to acquire Imperial Logistics for $890 mn
This deal would land DP World greater visibility in South Africa and in the neighbouring markets...
Al Maryah Community Bank launches digital app after CBUAE approval
The bank will now help its customers create savings and current accounts, and also help contribute to the digital banking revolution...
Cybercrime, corporate fraud costing global economy $11 tn each year
Global cybercrime costs to grow by 15% per year over the next five years...
Oil prices soar to a three year high as OPEC+ abandons meeting without a deal
Several days of negotiations could not resolve a dispute between Saudi Arabia and the UAE...
STC receives regulatory approval for IPO of its subsidiary
The Capital Market Authority approved an offering of 20% that represents 24 mn shares of Arabian Internet and Communications Services which is also known as solutions by STC...
HSBC signs blockchain-based KYC data sharing coalition in the UAE
HSBC is the first foreign bank to join UAE KYC has become the fourth founding member...
UAE to become the first major oil exporter to target net-zero by 2050
The UAE announced its plan before its meeting at the Glasgow climate summit and it could achieve its target while continuing to sell oil and gas...
UAE attracts foreign investment worth $20 bn in 2020
The Emirates became the 15th largest recipient of FDI in the world and climbed seven places from 2019 to 2020...
UAE Islamic banks record 5% increase in assets in 2020: Central Bank
The investment represents around 19% of the total banking assets...