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Ripple has obtained a license to provide crypto payment services in the UAE, marking a significant step in its expansion within the Middle Eastern market. This development underscores the growing acceptance and integration of cryptocurrency in the region's financial landscape.
Ripple has obtained a license to provide crypto payment services in the UAE, marking a significant step in its expansion within the Middle Eastern market. This development underscores the growing acceptance and integration of cryptocurrency in the region's financial landscape.
Mubadala’s Sanad has achieved a remarkable revenue of Dh4.92 billion in 2024, highlighting its crucial role in Abu Dhabi’s ambition to become a global aviation hub. Group Chairman Amer Siddiqui emphasized that this growth reflects the strength of their business model and commitment to providing world-class solutions from Abu Dhabi.
ROR Coffee Solutions has secured a landmark AED 30 million investment to drive its expansion across Europe and the MENA region over the next five years. This funding will enhance its commitment to sustainability and innovation, focusing on advanced roasting technology, workforce development, and ethical sourcing.The company aims to strengthen its presence in high-growth markets like Saudi Arabia and key European countries while diversifying into corporate coffee solutions and premium retail offerings. With a focus on eco-friendly practices and operational excellence, ROR Coffee Solutions is set to redefine the specialty coffee sector, ensuring quality and sustainability in every cup.
In June, the inaugural Asia Economic Summit will facilitate crucial discussions on regional policies and the economic and digital future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, US payment firm Yuno has established its regional headquarters, aligning with the country's ambitions to become a fintech leader, supported by government initiatives and a growing market for cross-border remittances.
In June, the inaugural Asia Economic Summit will facilitate crucial dialogues on regional policies and the economic future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, Yuno's entry into the fintech market aligns with the country's ambitions to become a global fintech leader, supported by government initiatives and a growing demand for financial services among expatriates.
Emirates Global Aluminium reported a profit of Dh2.6 billion for 2024, maintaining its dividend at Dh3.7 billion. The adjusted EBITDA rose to Dh9.2 billion, driven by higher aluminium and bauxite prices, alongside record production of alumina and aluminium, despite challenges from increased alumina costs and reduced bauxite output.
Emirates Global Aluminium reported a profit of Dh2.6 billion for 2024, maintaining its dividend at Dh3.7 billion. The adjusted EBITDA rose to Dh9.2 billion, up from Dh7.7 billion, driven by higher aluminium and bauxite prices and record production levels, despite challenges from increased alumina prices and reduced bauxite output.
Italy’s Synapsia has signed a $2.5 billion deal with UAE’s Bold Technologies to deliver AI-driven city management services in Abu Dhabi, focusing on urban challenges like transportation and disaster response. The contract, effective from March 3, will be paid in five installments over 18 months, contingent on milestone achievements. A new entity, My Aion Inc., will be created and is expected to go public on the Abu Dhabi stock exchange between 2027 and 2029, aiming to develop advanced "cognitive cities."
First Abu Dhabi Bank (FAB) has announced a record cash dividend of Dh8.3 billion (75 fils per share) for the financial year ending December 31, 2024, following approval at the Annual General Meeting on March 11. This payout, representing approximately 49% of the bank's net profit of Dh17.1 billion, is the largest in its history. Shareholders registered by March 21, 2025, will be eligible for the dividend, as FAB reported a 13% year-on-year increase in profit before tax to AED 19.9 billion, driven by increased client activity and diversified income streams.
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Ripple obtains license to provide crypto payment services in Dubai
06:54 13.03.2025
Ripple obtains license to provide crypto payment services in Dubai
06:54 13.03.2025
Sanad targets India expansion after record revenue growth in 2024
10:14 12.03.2025
ROR Coffee Solutions secures 30 million AED for European and MENA expansion
08:41 12.03.2025
amazon explores standalone payments app in india amid fintech growth in qatar
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amazon explores standalone payments app in india to challenge competitors
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Emirates Global Aluminium reports 2024 profit of Dh2.6 billion and steady dividend
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emirates global aluminium reports 2024 profit of dh2.6 billion
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