The UAE Banks Federation has unveiled a key project, which forms the main financial component of the Smart Government initiative announced by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in May 2013.
The ‘Mobile Wallet’ project is the translation into reality by a committee set up by the UAE Banks Federation on behalf of the banking sector for the Smart Government initiative. In effect the project will provide users of mobile devices with an electronic equivalent of the traditional wallet, able to store, transfer money and pay for goods and services very conveniently from a common platform. The Smart Government initiative aims to ensure that all key government services will be delivered via mobile phones.
The Saudi Finance Ministry announced on Monday that the third domestic sukuk issuance reached 350 percent in a record rate, while the first issuance was at 297 percent and the second at 300 percent.
Asharq Al Awsat
The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, a leading comparison site in the Middle East.
Assets under management are forecast to more than double in 2020 from 2016 levels in the Arabian Gulf region as Sharia-compliant investments continue to rise and an expanding middle class presents mo
A multinational team of advisers has helped develop a concept for a new operational structure through which water and wastewater infrastructure and services will be delivered throughout Oman, accordi
Oman Daily Observer
Qatari investors and members of the business community, including the Qatar Chamber (QC), the country’s oldest and largest private industry representative body, said that the blockading countries hav