According to numerous studies conducted by official authorities, such as the Federal Competitiveness and Statistics Authority, the percentage of digital banking users in the UAE rose to 90 percent while the percentage of ATM users reached 100 percent, reflecting the growing automation of the country’s banking sector. The same studies also show that many UAE
Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, have developed UAE Trade Connect (UTC), a new nationwide platform that will use the latest disruptive technologies to digitise trade in the UAE. The initial phase will focus on addressing the risks of double financing and invoice fraud before turning to other
UAE management boards are enthusiastic about digital transformation in their organizations, and are especially interested in its capacity to increase operational efficiencies, the 2019 Harvey Nash/KPMG Chief Information Officer Survey has found. The UAE is on par with global organizations when it comes to investing in digital strategies, with nearly half of UAE-based organizations employing
While most sectors across UAE’s real estate market remained challenged during the first half of 2019, the various government initiatives launched recently are expected to boost sentiment and drive demand over the coming months. In the year ahead, market performance will heavily depend on how quickly these initiatives have an impact, outlines JLL’s Q2 2019
Standard Chartered Saadiq, the Bank’s Islamic Banking arm, has received 21 awards at the 2019 Asset Triple A Islamic Finance Awards. The Bank was recognised for its sukuk and investment advisory skills, in addition to its innovative products and services offered in the Islamic Finance space. This recognition highlights the Bank’s innovative and diverse range
Refinitiv today released the 2019 Q2 investment banking analysis for the Middle East. According to the report, Middle Eastern & North African investment banking fees totalled an estimated US$504.8 Million so far during 2019, 12.7% less than the value of fees recorded during the first half of 2018. Debt capital markets underwriting fees totalled US$147.6
