Emirates

14 Leading Financial Institutions, Representing Over $450billion, Confirm Setup in Abu Dhabi in One Week

Retrieved on: 
Thursday, November 30, 2023
World Bank, Bridgewater Associates, Social, Investment fund, Bank, Economic development, TCI, BNY Mellon, ADFW, JPMorgan Chase, Industrial Bank of Japan, USD, Independent, Executive Council, Growth, Rothschild & Co, AUM, GCC, Fed, Thought, Cryptocurrency, Drug, Amusement park, Abu Dhabi Investment Office, Emirates, Capital, Copper

Rise of Abu Dhabi as a Global Finance Centre praised by Global Leaders Jamie Dimon, Ray Dalio and Alan Howard.

Key Points: 
  • Rise of Abu Dhabi as a Global Finance Centre praised by Global Leaders Jamie Dimon, Ray Dalio and Alan Howard.
  • A total of 23 market announcements recorded during Abu Dhabi Finance Week, including major operational upgrades by The World Bank & JP Morgan, along with a strong lineup of emerging financial institutions ranging across fintech and sustainable finance.
  • ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ -- Abu Dhabi Global Market (ADGM), the leading international financial centre of the UAE's Capital, today announced 14 major financial institutions representing a total AUM of USD 452bn have committed to establishing new operations in ADGM.
  • The flurry of positive announcements surrounding ADFW amplifies ADGM's effective role as a major contributor to the economic diversification plans of Abu Dhabi.

14 Leading Financial Institutions, Representing Over $450billion, Confirm Setup in Abu Dhabi in One Week

Retrieved on: 
Thursday, November 30, 2023
World Bank, Bridgewater Associates, Social, Investment fund, Bank, Economic development, TCI, BNY Mellon, ADFW, JPMorgan Chase, Industrial Bank of Japan, USD, Independent, Executive Council, Growth, Rothschild & Co, AUM, GCC, Fed, Thought, Cryptocurrency, Drug, Amusement park, Abu Dhabi Investment Office, Emirates, Capital, Copper

Rise of Abu Dhabi as a Global Finance Centre praised by Global Leaders Jamie Dimon, Ray Dalio and Alan Howard.

Key Points: 
  • Rise of Abu Dhabi as a Global Finance Centre praised by Global Leaders Jamie Dimon, Ray Dalio and Alan Howard.
  • A total of 23 market announcements recorded during Abu Dhabi Finance Week, including major operational upgrades by The World Bank & JP Morgan, along with a strong lineup of emerging financial institutions ranging across fintech and sustainable finance.
  • ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ -- Abu Dhabi Global Market (ADGM), the leading international financial centre of the UAE's Capital, today announced 14 major financial institutions representing a total AUM of USD 452bn have committed to establishing new operations in ADGM.
  • The flurry of positive announcements surrounding ADFW amplifies ADGM's effective role as a major contributor to the economic diversification plans of Abu Dhabi.

Middle East & Africa Alternative Lending Business Databook 2023: A $12.2 Billion Market by 2027 - 75+ KPIs on Market Size, End User, Finance Model, Payment Instrument, Loan Type and Demographics

Retrieved on: 
Monday, November 27, 2023
Halo, IBM, BNPL, Traction, Demography, Fintech, Mastercard, SME, Partnership, Growth, Real estate, Bank, Arms industry, Retail, Security (finance), Emirates

DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "Middle East & Africa Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 27, 2023 /PRNewswire/ -- The "Middle East & Africa Alternative Lending Market Business and Investment Opportunities Databook - 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • Alternative lending market in the Middle East and Africa is expected to grow by 44.0% on an annual basis to reach US$5.0 billion in 2023.
  • Medium to long term growth story of alternative lending in Middle East & Africa remains strong.
  • The alternative lending market in the region will increase from US$3.5 billion in 2022 to reach US$12.2 billion by 2027.

UAE Buy Now Pay Later Business Report 2023: BNPL Payments to Grow by 19.6% to Reach $2.6 Billion in 2023 - Forecasts to 2028

Retrieved on: 
Friday, November 17, 2023
Face, Lacoste, BNPL, Insurance, Cashew, Internet, Consumer, Business model, Partnership, Growth, Travel, Education, Retail, Food delivery, Drug, Marketing, Online shopping, Emirates, Tabby cat, Emirati

BNPL payments in UAE are expected to grow by 19.6% on an annual basis to reach US$2.6 billion in 2023.

Key Points: 
  • BNPL payments in UAE are expected to grow by 19.6% on an annual basis to reach US$2.6 billion in 2023.
  • BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 12.3% during 2023-2028.
  • The BNPL Gross Merchandise Value in the UAE will increase from US$2.2 billion in 2022 to reach US$4.7 billion by 2028.
  • The BNPL payment industry in UAE has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.

PayTabs partners with Tabby to grow GCC's digital economy

Retrieved on: 
Wednesday, November 15, 2023
Electronics, Partnership, Growth, Business, GCC, Kingdom, Online shopping, Emirates, Tabby cat

RIYADH, Saudi Arabia, Nov. 15, 2023 /PRNewswire/ -- PayTabs Group, MEASA's award-winning payment solutions powerhouse today announced that it has partnered with Tabby MENA's leading shopping and financial services app to power the growth of ecommerce across the Kingdom of Saudi Arabia and the United Arab Emirates.

Key Points: 
  • PayTabs will now offer merchants in Saudi Arabia and the United Arab Emirates Tabby as a payment option on their webstore's checkout page.
  • E-commerce continues to flourish in the region, spurred by millennial shopping habits and the digital adoption surge according to ecommercedb.com.
  • PayTabs and Tabby continue to service these key ecommerce industries across the region with digital payment solutions and split payment options, respectively.
  • Commenting on the partnership with Tabby, Hany Soliman, PayTabs Regional Head and Operating Partner for the GCC region said, "PayTabs empowers businesses and merchants in the digital economy by providing access to full stack payment solutions and alternative payment methods.

PayTabs partners with Tabby to grow GCC's digital economy

Retrieved on: 
Wednesday, November 15, 2023
Electronics, Partnership, Growth, Business, GCC, Kingdom, Online shopping, Emirates, Tabby cat

RIYADH, Saudi Arabia, Nov. 15, 2023 /PRNewswire/ -- PayTabs Group, MEASA's award-winning payment solutions powerhouse today announced that it has partnered with Tabby MENA's leading shopping and financial services app to power the growth of ecommerce across the Kingdom of Saudi Arabia and the United Arab Emirates.

Key Points: 
  • PayTabs will now offer merchants in Saudi Arabia and the United Arab Emirates Tabby as a payment option on their webstore's checkout page.
  • E-commerce continues to flourish in the region, spurred by millennial shopping habits and the digital adoption surge according to ecommercedb.com.
  • PayTabs and Tabby continue to service these key ecommerce industries across the region with digital payment solutions and split payment options, respectively.
  • Commenting on the partnership with Tabby, Hany Soliman, PayTabs Regional Head and Operating Partner for the GCC region said, "PayTabs empowers businesses and merchants in the digital economy by providing access to full stack payment solutions and alternative payment methods.

RTX's Pratt & Whitney Canada to maintain PW980 auxiliary power units for Emirates' Airbus A380 aircraft

Retrieved on: 
Wednesday, November 15, 2023
Pratt & Whitney, NYSE, Customer service, Airbus, Apus, RTX, Pratt & Whitney Canada, Airbus A380, APU, Airline, A380, Emirates

DUBAI, United Arab Emirates, Nov. 15, 2023 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has signed a 10-year agreement with Emirates to maintain and support the airline's 116 PW980 auxiliary power units (APUs) on its Airbus A380 aircraft.

Key Points: 
  • DUBAI, United Arab Emirates, Nov. 15, 2023 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has signed a 10-year agreement with Emirates to maintain and support the airline's 116 PW980 auxiliary power units (APUs) on its Airbus A380 aircraft.
  • "The PW980 is the largest APU in commercial airline service, and we understand its importance to the dispatch availability of the Emirates' fleet of A380 aircraft," said Irene Makris, vice president of Customer Service at Pratt & Whitney Canada.
  • Pratt & Whitney Canada manufactures a comprehensive portfolio of APUs for both military and civil/commercial aircraft applications.
  • Operated by more than 700 different operators worldwide, Pratt & Whitney Canada APUs help power over 7,000 aircraft in operation.

Emirates Orders Nearly 100 More Boeing Widebody Airplanes

Retrieved on: 
Monday, November 13, 2023
Boeing 777X, Safety, NYSE, 777X, Boeing 787 Dreamliner, HH, Culture, Dubai Airshow, Humidity, City, Boeing Commercial Airplanes, Atmosphere, Aircraft, Growth, Family, Airline, Emirates, Boeing

DUBAI, United Arab Emirates, Nov. 13, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Emirates announced today that the world's largest 777 operator has placed an order for 90 777X airplanes, including 55 777-9 and 35 777-8 jets.

Key Points: 
  • DUBAI, United Arab Emirates, Nov. 13, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Emirates announced today that the world's largest 777 operator has placed an order for 90 777X airplanes, including 55 777-9 and 35 777-8 jets.
  • "Emirates is the biggest operator of Boeing 777 aircraft, and today's order cements that position," said HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group.
  • "This order is an incredible vote of confidence in Boeing's highly efficient widebody family and the versatility of our 777X and 787 airplanes to meet Emirates' needs for global long-haul travel," said Stan Deal, president and CEO of Boeing Commercial Airplanes.
  • "The 777-9 and 777-8 are the perfect airplanes to support Emirates' growth, improving environmental performance and unmatched payload capability along the way."

StarCompliance Expands Footprint in United Arab Emirates to Meet Rising Demand for Employee Compliance Software Solutions

Retrieved on: 
Thursday, November 9, 2023
United Arab Emirates, Insurance, Policy, Acquisition, Research, Star, Software as a service, Retail, Consultant, Audit, Emirates

ROCKVILLE, Md., Nov. 9, 2023 /PRNewswire/ -- StarCompliance ("Star"), a leading SaaS provider of employee compliance technology solutions, continues their expansion into the United Arab Emirates (UAE) to meet the region's growing need for automated employee compliance software solutions. To provide a more detailed picture of the Emirates' employee compliance landscape, Star commissioned an independent market survey of compliance professionals at financial services firms in the UAE, including insurance providers, private equity companies, insurance brokers, retail banks, and investment banks.

Key Points: 
  • ROCKVILLE, Md., Nov. 9, 2023 /PRNewswire/ -- StarCompliance ("Star"), a leading SaaS provider of employee compliance technology solutions, continues their expansion into the United Arab Emirates (UAE) to meet the region's growing need for automated employee compliance software solutions.
  • The independent research provides an in-depth analysis into the employee compliance landscape of the Emirates.
  • However, of the wide range of solutions they listed, most are not designed specifically for employee compliance, which is likely a contributing factor in the challenges respondents indicated they were experiencing.
  • It will also allow firms in the UAE to set the standard and become the regional benchmark in employee compliance.

World Wide Technology Expands Global Presence to the United Arab Emirates to Accelerate Global Growth

Retrieved on: 
Monday, October 30, 2023
Technology, Security, Other Technology, Software, Networks, Hardware, Electronic Design Automation, Data Management, Artificial Intelligence, WWT, Government, OEM, ATC, World Wide Technology, UK Cyber Security Council, Original equipment manufacturer, Research, Data science, Multimedia, Growth, Computer security, Ecosystem, Partnership, AI, Collection, United Nations Security Council, Acceleration, Drug, Renewable energy, Emirates

World Wide Technology (WWT), one of the largest privately held, technology innovation companies, has today announced it will be expanding to the Middle East and will begin to establish its innovation gateway presence in Masdar City, Abu Dhabi.

Key Points: 
  • World Wide Technology (WWT), one of the largest privately held, technology innovation companies, has today announced it will be expanding to the Middle East and will begin to establish its innovation gateway presence in Masdar City, Abu Dhabi.
  • View the full release here: https://www.businesswire.com/news/home/20231029437550/en/
    (L-R): His Excellency Mohammed Hamad Al Kuwaiti, Head of UAE Cyber Security Council and WWT President Omar Mir.
  • WWT will leverage its Advanced Technology Centre which will be a catalyst for the technology digital economy in the UAE.
  • The move also aligns with the UAE 2030 goals, and accelerates the “ Make it in the Emirates ” strategy.