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In "BUSINESS"
DUBAI — Finastra research reveals that nearly nine out of ten (88%) financial institutions in the UAE plan to enable Open Banking in the next 12 months. The demand from UAE banks for further collaboration is driven by innovation in customer service and the customer experience.However, the main factors challenging greater industry collaboration in the region, according to those surveyed, include potential reduced control indecision-making (48%), complex regulation (47%) and legacy systems (46%).The findings are revealed in Finastra’s ‘Open Banking and Collaboration: State of the nation survey 2020’, which was conducted before the Coronavirus outbreak amongst 774 financial institutions across the United States, United Kingdom, Singapore, France, Germany, Hong Kong and the UAE. More...
June 09, 2020
Finastra research reveals strong interest in Open Banking among UAE banks
June 06, 2020
Iraq renews full commitment to OPEC+ decisions
June 06, 2020
OPEC+ deal boosted oil market: Al-Fadhil
June 06, 2020
WWE names Al Mashhadi Veep & GM MENA
ABU DHABI — Jio Platforms, India’s leading digital services platform and a wholly-owned subsidiary of Reliance Industries, announced on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest $1.2 billion (AED4.4bn) in Jio Platforms at an equity value of $65 billion (AED239bn) and an enterprise value of $68 billion (AED250bn).
Mubadala’s investment will translate into a 1.85 percent equity stake in Jio Platforms on a fully diluted basis.With this investment, Jio Platforms has raised $11.6 billion (AED43bn) from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala...
June 05, 2020
India’s Reliance Jio Platforms to sell $1.2bn stake to Abu Dhabi’s Mubadala
June 04, 2020
Etihad Airways to offer transfer flights connecting key cities
June 04, 2020
Sharjah Airport Authority welcomes resumption of transit flights
June 04, 2020
Permian CO2 emissions intensity from flaring set to reach record low in second half of 2020
June 04, 2020
Oman sets up investment body to manage state assets
June 04, 2020
Profit taking on softer risk appetite, rising doubts on OPEC+ meeting, ECB decision
