by Jibran Munaf | November 19, 2024 | Central Banks, Technology
The Reserve Bank of India (RBI) plans to introduce a locally-operated cloud service for financial institutions in 2025, marking a bold move to challenge global tech giants like Amazon Web Services, Microsoft Azure, and Google Cloud. The pilot program, developed in...
by Jibran Munaf | November 19, 2024 | Banking
Emirates NBD, the UAE’s second-largest lender, has successfully issued a $500 million sustainability-linked loan (SLL) bond under its $20 billion Euro Medium Term Note (EMTN) program. The bond, listed on Euronext Dublin and NASDAQ Dubai, marks a significant step...
by Jibran Munaf | November 13, 2024 | Fintech
Visa announced Tuesday that it has launched a flexible payment feature in the United States and the United Arab Emirates, a move that aligns with rising consumer expectations for versatile payment options in a dynamic e-commerce environment. The new feature, called...
by Beshr Olaiwi | November 12, 2024 | Fintech
In a strong demonstration of rising demand for Saudi equities, investors poured in $34.8 billion in orders for United International Holding Co.’s IPO on the Riyadh exchange, oversubscribing the offering by 132 times. The parent company, United Electronics Co. (Extra),...
by Jibran Munaf | November 12, 2024 | Fintech
Careem Pay, the digital wallet and fintech platform within the Careem Everything App, has launched its international remittance service to five European countries—Spain, Italy, France, Ireland, and Germany. The new service allows UAE residents to transfer money to...
by Beshr Olaiwi | November 11, 2024 | Fintech
Kayanat, a leading provider of transformative solutions for Saudi Arabia’s energy and industrial sectors, announced a strategic joint venture with Pioneers, a company specializing in engineering, logistics, automation, and digital solutions. The partnership, unveiled...
