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Mastercard to acquire digital ID verification company Ekata amid demand boom

American multinational financial services company Mastercard has announced its decision to buy digital identity verification company Ekata in a deal valued at $850 million,...

HSBC to change business model as income from interests dry up

British multinational financial institution HSBC has decided to realign its business model to move away from its initial interest-based revenue model to contemporary fee-based...

Sukuk issuance to reach $174bn in 2020: Refinitiv

The global data provider Refinitiv says that Sukuk issues will witness a surge from $162 billion in 2019 to $174 billion in 2020 as...

Global financial giants boost Climate Change initiatives with new framework

Leading global banks, insurance companies and financial firms such as Societe Generale SA, HSBC Holdings Plc, BNP Paribas SA are now engaging in a...

DIFC’s women oriented ‘AcclerateHer’ announces 2nd edition

Dubai International Financial Center (DIFC) FinTech Hive, revealed the second edition launch of their female-focused career mentorship accelerator program, ‘AccelerateHer’, to empower women in...

UAE unveils anti-money laundering smart tool named ‘Fawri Tick’

The UAE has launched a smart anti-money laundering tool ‘Fawri Tick’ for coordinating Anti-Money Laundering (AML) and Countering Terrorist Financing (CFT) cases. As part of...

Dubai closes $2bn Bond and Sukuk Issue to improve liquidity

The Dubai Government's Department of Finance (DOF) has successfully completed a $2 billion Bond and Sukuk issue. The Department of Finance stated that the issuance...

Abu Dhabi closes $5bn multi-tranche bond for medium-term investments

The Abu Dhabi government has successfully completed a $5 billion multi-tranche bond offering. The issuance comprises three tranches: a $2 billion 3-year tranche, a $1.5...
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