Category Archives: Business & Investments

Business & Investments

EITC receives licenses from UAE Central Bank to offer fintech services

Leave a comment

EITC receives licenses from UAE Central Bank to offer fintech services

Recent licensing has positioned the company to strengthen its role in supporting fintech innovation and contributing to the development of a robust digital ecosystem in the UAE.

Dubai, UAE, 18 March, 2024: Emirates Integrated Telecommunications Company (EITC), today announced that it has received licenses from the Central Bank of the UAE to offer new digital financial services. This milestone positions EITC at the forefront of the evolving fintech landscape in the region and supports the UAE’s commitment to fostering innovation, competition, and financial inclusion by promoting a cashless society.

Continue reading EITC receives licenses from UAE Central Bank to offer fintech services →
Business & Investments

PwC Middle East announces strategic MoUs with key Saudi government

Leave a comment

PwC Middle East announces strategic MoUs with key Saudi government entities in commitment towards the Kingdom’s digital transformation at LEAP 2024

●PwC Middle East signed six strategic agreements with local entities at LEAP 2024, including Ahad, Digital Government Authority, Ejada, Mobily, Saudi Data and Artificial Intelligence Authority, and Tawuniya (in partnership with Oracle) to drive innovation across the Kingdom

● As ‘Digital Consulting Partner’ for the third year, PwC Middle East explored the role of human-led, tech-powered solutions across various themes, including AI, cybersecurity, cloud transformation , space innovation, digital cultural and heritage regeneration, climate tech, amongst others

Continue reading PwC Middle East announces strategic MoUs with key Saudi government →
Business & Investments

Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023

Leave a comment

Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023

  • A 158% surge in completed orders through its digital trade platform.
  • A 56% increase in the volume of goods handled via its online portal, DCC Way.
  • A 92% growth rate in freight shipments from distribution centres.
  • Abdulrahman Shahin, ‘The expansion of Dubai CommerCity’s operations underscores Dubai’s status as a global hub for the digital economy.’
Continue reading Dubai CommerCity records unprecedented growth in its digital trade operations throughout 2023 →
Business & Investments

du and Samsung announce three-year partnership to expand business and services

Leave a comment

du and Samsung announce three-year partnership to expand business and services

Strategic collaboration to focus on B2C and B2B segments, including digital service offerings, marketing collaborations, workshops, and event participation.

Dubai, UAE, 15 March, 2024: du, from Emirates Integrated Telecommunications Company (EITC), today signed a strategic a Memorandum of Understanding (MoU) with Samsung. This collaboration marks a significant milestone in the companies’ relationship, allowing for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.

Continue reading du and Samsung announce three-year partnership to expand business and services →
Business & Investments

Lunate Capital launches first UAE Bond ETF in the UAE and GCC

Leave a comment

Lunate Capital launches first UAE Bond ETF in the UAE and GCC

  • The Chimera JP Morgan UAE Bond ETF will track the J.P. Morgan MECI UAE Investment Grade Custom Index, which includes liquid USD-denominated bonds from the UAE  
  • The ETF will be listed on the Abu Dhabi Securities Exchange and will enable investors to access UAE bonds with a lower investment requirement 

Abu Dhabi, 14 March, 2024: Lunate Capital Limited, an Abu Dhabi-based investment management firm licensed by the ADGM Financial Services Regulatory Authority (FSRA), and subsidiary of Lunate Holding RSC Limited, announced today the launch of the Chimera JP Morgan UAE Bond UCITS ETF (Bloomberg: BONDAE), the UAE and GCC’s first-ever UAE bond Exchange Traded Fund (“ETF”) that will list on the Abu Dhabi Securities Exchange (“ADX”).

Continue reading Lunate Capital launches first UAE Bond ETF in the UAE and GCC →