Apple, Goldman Sachs To Pay $89mn Penalty For Consumer Failures
The CFPB ordered Goldman Sachs to pay at least $19.8mn in redress and a $45mn civil money penalty, and Apple to pay a $... Read more
Dubai Future Foundation Launches 2 Sandboxes To Boost Gig Economy And Proptech Sectors
Dubai Sandbox initiatives look to assist development of the gig economy and PropTech sectors Read more
Dubai Proptech Startup PRYPCO Handed $10m Boost To Support Real Estate Financing And Golden Visa Applications
PRYPCO raises $10m in seed funding as it looks to transform real estate financing and Golden Visa registration Read more
Lebanons Cash Economy Surge Drives FATF Grey-listing Concerns
The development adds another layer of complexity to Lebanon's ongoing economic challenges, potentially deterring much-n... Read more
Dubai To Give 100,000 Startups A $100m Boost With Ignyte Digital Platform: Sheikh Hamdan
Dubai digital platform Ignyte will deliver $100m of perks to startups and entrepreneurs Read more
Abu Dhabi To Host Bitcoin MENA Conference In December
Abu Dhabi will bring together leading experts to discuss Bitcoin industry in the Middle East Read more
Emirates NBD Partners Partior For Cross-border Payments
UAE bank also evaluating an equity investment in the company, known for their blockchain-based platform for clearing an... Read more
Finance House To Inject AED 300mn Into Abu Dhabis ADX For Market Liquidity
The move is aimed at boosting liquidity and market stability Read more
Thaw In Funding Winter In UAE As Market Sees Slew Of Multi-million, Double Digit Investment Deals
The trend is expected to continue as regional economies rebound and investors look for opportunities in emerging market... Read more
Chinas Central Bank Cuts Key Interest Rates To Record Lows, Aims To Boost Sluggish Economy
The one-year Loan Prime Rate was cut from 3.35% to 3.1%, while the five-year LPR was cut from 3.85% to 3.6% Read more
UAE Is GCC Startup Hub 5,600 New Firms Registered In Q2;Abu Dhabi, Dubai And Sharjah Woo Entrepreneurs
UAE startup ecosystem is thriving as new companies attracted by investment environment and flexible legislation Read more
Project Aperta: UAE Joins Cross-border Finance Scheme As It Looks To Boost SME Trade Worldwide
CBUAE announces collaboration on project to support cross-border finance and trade for SMEs Read more
Saudi-backed EV Maker Lucid Expects To Raise $1.67bn From Stock Offering
The company expects to report a loss from operations in the range of $765mn to $790mn for the quarter ended September 3... Read more
BNY Mellon Lands A Big Ally For Expansion In Saudi Arabia
NCB Capital is the kingdom's biggest asset manager and investment bank Read more
Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers
Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more