Category Archives: Business & Investments

17 key partners support Sharjah Investment Forum 2024’s vision for smart economies

Partners span sectors including finance, technology, sustainability, education, and innovation, leading the shift towards a smarter economic future.

Sharjah, September 09, 2024

The Sharjah Investment Forum (SIF 2024) has unveiled its partners and sponsors for the 7th edition, featuring 17 leading entities from the commercial, investment, industrial, financial, real estate, educational, media, and sustainability sectors to deliver on the forum’s theme ‘A Futuristic Vision for Smart Economies’.

Scheduled for September 18-19 at Al Jawaher Reception and Convention Centre, the forum will host top executives, investors, and industry leaders to discuss the role of investments and capital in steering AI systems towards supporting global growth and enhancing efficiency, resilience, and inclusivity across companies, institutions, and various economic sectors.

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Emirates NBD achieves top global position with highest number of LEED certified Platinum branches, reinforcing bank’s strong commitment to ESG

  • Bank secures #1 global position with 16 LEED certified Platinum branches, the highest international standard awarded by U.S. Green Building Council (USGBC) and Green Business Certification Inc. (GBCI)
  • #1 Middle East bank with a total of 36 LEED Platinum and Gold certifications across UAE, KSA and India branches; Parksmart Gold for facility in Nad Al Sheba, Dubai
  • First bank branch in the Kingdom of Saudi Arabia to attain LEED Platinum rating for the recently opened King Abdullah Financial District (KAFD) branch
  • Achievement solidifies bank’s position as industry pioneer in sustainability and efforts toward Net Zero, aligning with the UAE’s Green Agenda 2030 and Vision 2050
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Network International partners with ruya Bank to revolutionise Islamic banking with digital payment technology

  • Partnership allows ruya to introduce a full suite of digital services for customers
  • Network affirms its position at the forefront of payment technology

UAE, 09 September, 2024: Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with ruya, the UAE’s digital-first Islamic community bank, to transform Islamic banking with digital payment technology.

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Emirates Development Bank Launches AI Wave Program to Embed AI Across the Organization

In line with the UAE’s Artificial Intelligence Strategy 2031:

Emirates Development Bank Launches AI Wave Program to Embed AI Across the Organization

Abu Dhabi, United Arab Emirates, 8 September 2024 – Emirates Development Bank (“EDB”), the key financial engine of economic development and industrial advancement in the UAE, has launched its internal AI Wave program, a strategic initiative designed to enhance organization-wide AI literacy and adoption. In alignment with the UAE’s Artificial Intelligence Strategy 2031, the program aims to support the UAE’s position as a global leader in AI innovation while improving government efficiency by advancing banking services through the effective integration of AI technologies.

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Finstreet, a Rorix Holdings Company, to Launch First Regulated Digital Venue in ADGM for trading both Private and Public Securities

Finstreet, an IHC Group company through Rorix Holdings, unveils a bold mission to create greater liquidity for securities and other financial assets

Summary :

  • Finstreet’s group of subsidiaries constitute the first regulated, globally-focussed market infrastructure to offer an end-to-end digital ecosystem to professional investors, with a focus on providing solutions throughout the value chain, as capital markets rapidly transition to fully digital infrastructures.
  • Finstreet’s three subsidiaries have been granted FSPs (Financial Services Permissions) from ADGM’s FSRA for the launch of a Securities MTF (Multi-Lateral Trading Facility), DSF (Digital Settlement Facility), CSD (Central Securities Depository), PFP (Private Financing Platform), CIF (Collective Investment Fund), Arranging Deals in Investments, Advising on Investments or Credit and Arranging Custody. All are subject to final regulatory approvals for launch.
  • As an MTF, Finstreet Global Markets Ltd will provide a secondary market trading facility for professional clients for securities having their primary market listing on other exchanges
  • Originally pioneered by its founders in the University of Oxford’s SBS Finance Lab, Finstreet is set to launch, supported by a top-tier executive team from leading exchanges and financial institutions globally.
  • Finstreet’s future strategy envisages expansion into a full suite of assets, including commodities, following IHC’s recent announcement of Rorix Holdings, which aligns with the UAE’s CEPA strategy to enhance global finance and trade facilitation.
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