Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.
HSBC has been slapped with a hefty £57.4 million fine by the Bank of England over what regulators have deemed "serious failings" related to protecting customer deposits.
The Ministry of Finance's Undersecretary, Younis Al Khouri, has emphatically stated that the UAE has no intentions to impose income tax on individuals.
Banks must stop issuing cheque books, and must refrain from providing direct debit services to the account holder for a period of one year if they are in the ‘Unified Warning List’
Over the past two three years (2021-2023), Middle East fintech startups have received a total funding of approximately $2 billion through 140-160 deals, with a 40-43% of a total share in the UAE.
100 branches and counting – that, in essence, is the inspiring journey of BankDhofar, Oman’s second largest bank, which has employed a strategic expansion process to provide customer-centric services through its countrywide distribution channels.
RTGS will also integrate with the GCC payment system ‘AFAQ’ in order to process cross-border payments between GCC countries by linking with Gulf Payments Company.
However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
