Mashreq, one of the leading financial institutions in the UAE, has launched a non-banking business services platform called Mashreq Business Banking Value Added Services, forming part of the Bank’s commitment to enabling business success and helping SMEs do business better. The new platform provides businesses with privileged access to a select group of innovative fintechs, […]
Visa today announced the results of its second annual Future of Urban Mobility Survey, which uncovered a desire for change among transit users in UAE. The survey was conducted in May 2022 among 1000 adults in UAE and aims to better understand what matters to transit users today – and what they want the future […]
Following the continued success of the award-winning Jumeirah Living Marina Gate, Dubai Marina, Select Group has once again partnered with Jumeirah Group to bring the renowned hospitality and service experience of Jumeirah Living branded residences to Business Bay, as the flagship of the master community development – Peninsula. As the first community-focused waterfront development in Business Bay, Peninsula […]
With AI-based masking – supported in selected Axis cameras with a deep-learning processing unit (DLPU) – the application analyzes live video for human forms and gives users the choice of masking humans, faces or the background in restricted places. It enables users to schedule when the privacy application should be applied and removed, such as […]
The Responsible Finance and Investment (RFI) Foundation, in partnership with HSBC Middle East Ltd, have announced the final six startup businesses for their Middle East based Net Zero Challenge. The startups successfully demonstrated their ability to offer technology solutions to financial institutions in the Middle East, North Africa and Turkey (MENAT) region on their Net […]
Enhance Ventures (www.enhance.online), the MENAPT region’s leading venture studio, has announced the launch of its $30M Builders Fund, which will invest in the company’s next set of ventures for the future of finance and commerce in the Middle East. Through the fund, the company plans to create 5,000 high tech jobs, produce 500 business leaders, […]
The Board of Directors of the Dubai Financial Services Authority (DFSA) have accepted the resignation of F. Christopher Calabia, effective 31 August 2022. Chris joined the DFSA in October 2021 and is stepping down to return to the United States for family-related reasons. Ian Johnston, who served as the DFSA’s Chief Executive from 2012 to […]
Forever 21 is geared up to increase its footprint in the region, with the launch of its 12,000 sq feet store at Ibn Battuta Mall, Dubai on Wednesday, 27th July 2022. The brand is determined to bring fast fashion at affordable pricing to its consumer and also deliver a great in-store experience. Commenting on the […]
Arab Bank Group reported a net income after tax for the first half of 2022 of $252 million as compared to $182.4 million for the same period last year, recording an increase of 38%. The Group loan portfolio grew by 6% to reach $35.7 billion as of June 30, 2022 compared to $33.8 billion for […]
IBM, the leading global technology company, has published a study highlighting the importance of cybersecurity in an increasingly digital age. According to IBM Security’s annual Cost of a Data Breach Report, the Middle East has incurred losses of SAR 28 million from data breaches in 2022 alone — this figure already exceeding the total amount […]
