Sunday 22 October 2017

Bahrain plans to set up new fintech unit

The Central Bank of Bahrain (CBB) has announced plans to set up a dedicated Fintech unit to ensure that best services are provided to individual and corporate customers in the financial sector. The move comes as part of the CBB's ongoing initiatives towards financial digital


Emaar board approves IPO for real estate unit

Emaar Properties’ board has approved the initial public offering of its real estate development subsidiary, Emaar Development, to happen as soon as next month, the company said on Sunday. The listing, which analyst estimate could raise up to $2 billion, will be only the sec


Mena power and utilities M&A deals reach $845m

An influx of European investors saw the region’s deal activity increase to six times that of the first quarter of 2017 in the second quarter, reaching $845 million.   As in previous quarters, greenfield investment outstripped brownfield investment, and inc


Top FinTech startups win ADGM Reglab selection

Abu Dhabi Global Market (ADGM) has approved its second batch of Regulatory Laboratory (Reglab) participants comprising 11 local and international FinTech startups. ADGM said the successful participants, who were selected from a pool of 22 applications, are now admitted within the


Abu Dhabi gears up for debut FinTech event

The inaugural FinTech Abu Dhabi event kicks off tomorrow (October 22) with distinguished regional and international leaders from the world of FinTech flying in and gathering at Abu Dhabi for the two-day event.    A first-of -its-kind event for the region, F


West African FDI inflows up 12pc to $11.4bn

Foreign direct investment (FDI) inflows to West African countries increased 12 per cent to $11.4 billion in 2016, supported by recovering investment in Nigeria, recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed.   The analysis, bas


ADGM in deal to help boost fintech ecosystem

Abu Dhabi Global Market (ADGM), the global financial centre in Abu Dhabi together with Abu Dhabi Commercial Bank (ADCB), a leading financial institution, have announced a new partnership aimed at promoting Fintech and building a vibrant ecosystem in Abu Dhabi and in the UAE. The


Xpress Money to showcase business solutions

Xpress Money, a top money transfer brand, is set to showcase Xpress Money 'Flex', 'One' and 'Biz', its customizable remittance solutions at Money2020, a major event for payments and financial services in Las Vegas, USA. Xpress Money's business solution


ADFD allocates $50m to develop Maldives airport

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended a $50-million (Dh183.65 million) concessionary loan to the Maldivian government to develop the Velana International Airport in Male. The development project includes the construct


Mubadala launches new venture capital business

Abu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's financial investment arm, Mubadala Capital, said the

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