Tuesday 27 June 2017
 
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Visa launches first Everywhere Initiative in Mena

Visa has announced that its Everywhere Initiative, an innovation programme designed to encourage the development of the “next big thing” in payments, will expand into the Mena region. Entrants in Visa’s first-ever Mena Everywhere Initiative will have the opportu

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Governments ‘must address distribution failures’

Globalisation, while delivering huge benefits, has rejected segments of society because of distribution failures, according to a London Business School expert. Linda Yueh, adjunct professor of Economics, made the comments while speaking on the BBC’s The Big Questions.

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UAE discusses sustainable development at AIIB meet

A UAE delegation attended the meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) aiming to strategise and discuss collaboration among Asian countries in sustainable infrastructure development. The second annual event was held for the first-time o

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Saudi bourse in MSCI Emerging Market Index watchlist

The Saudi Stock Exchange (Tadawul) said it has been named by MSCI, a major provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools, to its Emerging Market Index watchlist.   The announcement comes on the heels of a

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge is attributable to the rise in UAE banking balances

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Solidarity Group names new chairman

Bahrain-based Solidarity Group Holding, one of the largest Takaful groups in the world, announced that Rashed Ismaeel Al Meer, current vice-chairman, was elected as chairman to the Board of Directors for the current board term. This follows the retirement of Khalid Abdulla-Janahi

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TechPreneur partners with ADGM to boost fintech

TechPreneur Africa, a social impact firm, has partnered with Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, UAE to support the growth of financial technology (fintech) in the Middle East and African region. ADGM is the first in the MEA region to h

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Modacruz raises Series B financing led by MEVP

Modacruz, a leading mobile marketplace of second hand women fashion items in Turkey, has raised $2 million in a Series B investment round led by Middle East Venture Partners (MEVP), the leading venture capital firm in Mena. Hummingbird, a promoter of tech start-ups and Nevzat Ayd

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UAE tops world in customs procedures index

The United Arab Emirates has topped world countries in the Efficiency of Customs Procedures Index at the annual report of the Global Competitiveness of 2017, a report said. The book is issued by the Global Competitiveness Center of the International Institute for Administrative D

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UAE tops GCC with over 155bn securities traded in 2016

With a total traded volume of 155.5 billion securities, the UAE capital markets topped the list of GCC most liquid markets in 2016, with the Saudi Stock Exchange coming second with a total of 67.7billion securities, a report said. The UAE financial markets came second only to Sau

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