Browsing: Financial

Discussions focus on collaboration in AI, development, zero bureaucracy initiatives, and knowledge exchange Progress reviewed on the National Talent Development Programme with the World Bank Group and preparations for the 2029 World Bank Group-IMF Annual Meetings in Abu Dhabi Mohamed bin Hadi Al Hussaini: Our partnership with the World Bank Group represents an advanced model of international cooperation built on knowledge exchange, capacity building, and innovative development solutions Dubai, United Arab Emirates – June 11, 2026 His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met today w

Egyptian fintech MNT-Halan has reached a $1.4 billion valuation following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE). The deal marks a significant milestone, bringing one of the country’s largest traditional financial institutions into the unicorn’s shareholder base for the […] The post Egyptian Fintech Giant MNT-Halan Hits $1.4B Valuation in Al Ahly Capital-Led Round first appeared on MENA Startup Digest.

Discussions focused on a range of strategic issues shaping the future of GCC financial and economic cooperation Ministers reviewed the latest developments in advancing economic unity among GCC states Meeting examined the outcomes of central bank governors’, customs union, tax administrations and GCC common market committee meetings H.E. Mohamed bin Hadi Al Hussaini: “We are moving forward with an ambitious vision that places the aspirations of Gulf citizens at the forefront, while striving to build a resilient financial and economic system that strengthens our global standing.” United Arab Emirates – 14 May 2

Activating the ‘4-Corner’ eInvoicing model ahead of the pilot phase in July 2026, as part of the 5-Corner Model, with the 5th corner coming soon. Exploring the system objectives and selection process for Accredited Service Providers via the EmaraTax platform System supports digital transformation and enhances efficiency of financial transactions and tax compliance Younis Haji AlKhoori: eInvoicing is a practical step towards a more efficient and future-ready financial ecosystem Abdulaziz Al Mulla: The eInvoicing system contributes to enhancing voluntary tax compliance electronically through secure and effective mecha

Abu Dhabi, UAE, 4 May 2026 – Edelman Smithfield has announced a series of senior promotions and appointments across its Middle East business, reflecting its focus on building talent and leadership in the region. These moves underscore the firm’s commitment to developing senior expertise and strengthening its capabilities across key client accounts. Dhanya Issac has been promoted to Managing Director, Edelman Smithfield Middle East. In this expanded regional role, she will continue to lead the firm’s Capital Markets advisory offering, while playing a broader role in strengthening Edelman Smithfield’s financial communicatio

Abu Dhabi, United Arab Emirates, 27th April 2026: Emirates Driving Company, listed on the Abu Dhabi Securities Exchange under the ticker symbol (DRIVE), today announced strong financial results for the first quarter of 2026, reflecting revenue growth, improved profitability, and a strong financial position compared to the same period in 2025. The company;s total revenues increased to AED 189 Mn in Q1 2026, compared to AED 167 Mn in Q1 2025, representing a growth of 13% percent, supported by sustained demand for driver training services and the ongoing expansion of its integrated mobility offerings within a favorable smart mobility market t

Spring meetings to discuss global economic outlook, financial stability and international partnerships Abu Dhabi, UAE, 10 April 2026 The United Arab Emirates is participating in the Spring Meetings of the World Bank Group and the International Monetary Fund, which will be held in Washington, D.C., from 13 to 18 April 2026. The UAE delegation is led by His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and includes a number of senior government officials. The delegation will take part in meetings of the World Bank, the IMF, and the Group of Twenty. The meetings aim to discuss a range of globa

Standing behind, H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Tourism (right), and Fadel Al Ali, Chairman, Dubai Financial Services Authority (DFSA) (left) witnessed the signing of the MoU. Seated in front, H.E. Abdullah Ahmed Mohammed Al Saleh, Undersecretary of the Ministry of Economy and Tourism (right), and Mark Steward, Chief Executive, DFSA (left) signed the MoU to strengthen regulatory cooperation on the oversight of auditors. Dubai, United Arab Emirates, 2 April 2026: The Ministry of Economy and Tourism of the United Arab Emirates (UAE), and the Dubai Financial Services Authority (DFSA), the independent regulator of bank

The UAE reinforces its position as a leading destination for secure individual investment Younis Haji AlKhoori: Ministry of Finance will continue to develop an integrated framework providing individuals access to safe and transparent investment tools that support financial inclusion and household economic stability Initiative strengthens its position as a safe and attractive investment option for individual investors Growing investor participation demonstrates rising investment awareness and strong public confidence in government financial instruments Total trading reached AED10.84 million across 464 investors New inv

Tuesday, 24th March, 2026 – The World Gold Council (WGC) announced recently a pioneering initiative to build new market infrastructure designed to unlock the next era of digital gold’s development. WGC has co-authored a White paper titled Digital Gold: The Case for a Shared Infrastructure with Boston Consulting Group (BCG) which explores “Gold as a Service” – a new platform to support the issuance and operation of scalable, interoperable digital gold products. Gold as a Service would act as an open platform, connecting the physical custody of gold with the digital systems used to issue and manage gold-backed products.