The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition, according to experts at the recent accountancy and finance body ICAEW’s Corporate Finance Faculty roundtable.
Virgin Mobile Middle East and Africa has announced that it successfully closed a $30 million pre-IPO Exchangeable Sukuk.
Fintech company QPAY has launched a major blockchain e-commerce initiative based on the ‘Ethereum’ blockchain platform in Qatar.
Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.
Blockchain technology brings huge potential for banking behemoths to reduce costs while ensuring that their customers benefit from quicker and cheaper services.
The European Union is targeting $24.4 billion of investment in artificial intelligence by 2020.
FinTech Hive at DIFC has announced that its upcoming programme will expand its themes to include insurance, Islamic finance, and regulatory technology services.
The annual cost of damages caused by cybercrimes is expected to reach $6 trillion by 2021, according to a recent industry report.
Emirates NBD has announced the launch of its own private cloud platform. The move is part of the bank’s ongoing AED 1 billion IT transformation.
Emirates NBD has become the first to successfully go-live at scale with ‘Cheque Chain’, integrating blockchain technology to reduce cheque fraud.
