J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin offering deposit-taking and payment processing to wholesale banking clients from the Abu Dhabi Global Market (ADGM). According to a news...
Emirates Development Bank (EDB) has partnered with Trade Capital Partners (TCP) to offer supply chain finance and working capital solutions to small- to medium-sized businesses (SMBs) in the United Arab Emirates (UAE). This collaboration, facilitated by Abu Dhabi’s global tech ecosystem Hub71, aims to support...
Abu Dhabi regulators are embracing digital technologies to streamline doing business in the Emirate. Last month, for example, the Abu Dhabi Department of Economic Development launched a digital platform connecting free zones known as the e-link in order to make doing business in the Emirate...
It’s been two years since a U.S.-brokered deal that normalized diplomatic relations between Israel and the United Arab Emirates (UAE) in 2020, leading to the opening of embassies in Abu Dhabi and Tel Aviv and launching a new era of bilateral cooperation in areas including...
December 05, 2023
Cryptocurrency firm Phoenix Group has launched its debut on the Abu Dhabi market, the first of its kind in the region. The debut of the firm, which saw its shares surge by 35% on its first day of trading, to $3.3 billion, alongside a rally a bitcoin, highlights the growing interest in cryptocurrencies in the region, Bloomberg […]
November 27, 2023
J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin offering deposit-taking and payment processing...
November 23, 2022
Amazon announced in a press release on Friday (Nov. 23) that it has signed an agreement with the Abu Dhabi-based LuLu Group that will see the two firms partner to...
June 14, 2021
ADQ, the Abu Dhabi sovereign fund, could invest $500 million in India-based Flipkart, Bloomberg reported. Flipkart, which is backed by Walmart, will be looking at an initial public offering (IPO)...
