Within the next four years, the UAE revenues from this sector are expected to see a 45% increase.
digital transformation
Posted inBanking & Insurance, NEWS
UAE introduces KYC digital platform to modernise financial infrastructure
The UAE introduces a secure digital platform to enhance the transparency and compliance. financial transactions.
Posted inFeatures, Banking & Insurance, Trends and Outlook
UAE boasts fastest-growing digital banking sector in the Middle East
The UAE’s digital banking sector is on track to reach $175.7 billion by 2029, according to a new report.
Posted inNEWS, Corporate Tax, Regulations, TAX
UAE introduces new eInvoicing laws to streamline tax procedures
The UAE Ministry of Finance has issued new amendments to enhance tax procedures and VAT regulations.
Posted inNEWS
Kuwait attracts $675 million in foreign direct investments
Kuwait has drawn foreign direct investments totaling $675 million from April 2023 to March 2024.
Posted inNEWS, Banking & Insurance, Earnings
ADCB reports Dh6.85 billion net profit for the first nine months of 2024
In Q3 2024, ADCB reported net profit after tax of Dh2.39 billion.
Posted inNEWS
ADX and ADIB Securities to develop digital onboarding platform for investors
The platform will streamline the acquisition of NINs and enable direct access to trading account APIs.
Posted inNEWS, TECHNOLOGY
GITEX 2024: UAE Accountability Authority to migrate cloud computing systems to Azure
The UAEAA has announced its intention to join Core42’s Sovereign Public Cloud.
Posted inFintech, Islamic Finance, NEWS
ADIB launches fintech innovation strategic initiative
Abu Dhabi Islamic Bank (ADIB) has launched ADIB Ventures, a strategic initiative to drive innovation in the global fintech sector and enhance its digital transformation leadership. ADIB Ventures aims to build a dynamic fintech ecosystem by collaborating with emerging technology firms. This move will integrate advanced technologies and AI to enhance banking services for over […]
Posted inNEWS, Earnings
Dubai RTA digital revenue hits Dh3.7 billion in 2023
In 2023, the RTA reported 15.299 million transactions, a 29% annual increase.