Mashreq Bank and US regulator reaches a $100 mn settlement
US regulator DFS determined that Mashreq's OFAC compliance program is enough
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UK BNPL firm Zilch eyes US expansion after $110 mn funding
The funding round was led by Ventura Capital and Gauss Venture and it comes eight months after a Series B at a $500 million valuation
Dubai Financial Market appoints new CEO
Hamed Ahmed Ali’s appointment comes as a part of new efforts to inspire new leaders
Visa introduces sustainability feature for cardholders
This feature will allow customers to understand how their spending affects the environment
Saudi Mawani Port to see investments worth $2.4 bn
72 international and local companies intend to work on new contracts
Standard Chartered and Starling Bank partner for green projects
Titled the Shoal platform, it lets customers choose from options like renewable energy, clean water, and community development
InfraCo and Helios launch climate-focused Africa vehicle CLEAR
CLEAR will finance climate-aligned infrastructure and growth activities, and will also work towards achieving United Nations Sustainable Development Goals
Aldar unveils free-hold residential project Dahlias at Yas Acres
The developer will launch 120 villas, duplexes, and townhouses for sale
JP Morgan and Oliver Wyman predict that CBDCs can save $100 bn in transaction costs
In a report published by both the firms, they estimate that corporate wholesale payments amount to $24 tn a year
UAE and IRENA unveil climate finance platform at COP26
Both the UAE and IRENA is planning to deploy 1.5 GW of clean renewable energy generation and storage by 2030