EconomyFeaturedDubai’s GDP declines 3.5% in first quarter year-on-yearPritam BordoloiJuly 1, 2020 by Pritam BordoloiJuly 1, 2020 Real estate activity registered a growth of 3.7% in Q1 2020... Read more
FeaturedFintechUAE sees surge in digital payments amid the pandemic: StudyPritam BordoloiJune 24, 2020June 24, 2020 by Pritam BordoloiJune 24, 2020June 24, 2020 A survey conducted by Visa revealed that 71% of consumers reported increased use of digital payments... Read more
FeaturedFintech82% of MidEast banking customers are open to fintech solutions: StudyPritam BordoloiJune 23, 2020 by Pritam BordoloiJune 23, 2020 The study found that of the 18% unwilling to use fintech, 40% cited security and privacy as their biggest concerns... Read more
FeaturedPorts and ShippingAbu Dhabi Terminals, ATCUAE partner to promote trade and transportInternational Finance Business DeskJune 16, 2020June 16, 2020 by International Finance Business DeskJune 16, 2020June 16, 2020 The partnership will strengthen the International Road Transport System for all stakeholders... Read more
EconomyFeaturedUAE central bank expects recovery of economic activities in H2Pritam BordoloiJune 12, 2020 by Pritam BordoloiJune 12, 2020 It also expects the stimulus packages announced by the government to have high impact... Read more
FeaturedFintechUAE-based Fintech TPAY Mobile acquires 100% stake in Turkey’s PayguruPritam BordoloiJune 11, 2020 by Pritam BordoloiJune 11, 2020 The deal is subject to the approval of the Central Bank of the Republic of Turkey and the Competition Authority... Read more
EconomyFeaturedUAE’s economy to contract by 4.5% in 2020: World BankPritam BordoloiJune 9, 2020 by Pritam BordoloiJune 9, 2020 Economy to recover and grow by 1.4% next year... Read more
MagazineTechnologyBlockchain is disruptiveInternational Finance Business DeskJune 5, 2020June 5, 2020 by International Finance Business DeskJune 5, 2020June 5, 2020 The KYC blockchain platform simplifies data verification process for businesses and minimises regulatory oversights of banks... Read more
LogisticsMagazineHow the UAE became a supply chain nerve centreInternational Finance Business DeskJune 5, 2020June 9, 2020 by International Finance Business DeskJune 5, 2020June 9, 2020 Integrated free zones, fast customs clearance and strategic location in the east-west trade route have all contributed to the transformation... Read more
EconomyFeaturedGCC nations to face the worst economic crisis in history, warns IIFPritam BordoloiJune 2, 2020 by Pritam BordoloiJune 2, 2020 GDP of GCC nations to contract 4.4% this year... Read more