Watch: Wio, UAE's first platform bank backed by ADQ, e& and FAB, launches in Abu Dhabi
Wio will provide digital banking apps, embedded finance and banking-as-a-service solutions
Source: gulfnews.com
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State-backed digital bank Wio launches in UAE
DUBAI: State-backed digital bank Wio announced on Tuesday it had launched in the United Arab Emirates and would focus initially on small and medium enterprises (SMEs) while eyeing an eventual public listing. Wio, which calls itself a “platform bank,” has three main business lines: digital banking apps, embedded finance and banking-as-a-service, the provision of banking through
Source: arabnews.com
ADNOC Drilling to build on $5.4b contracts in regional push
ADNOC subsidiary sure has the base - $5.4b in new projects - to seek regional wins
Source: gulfnews.com
IHC achieves new net profit record of $2.82bn for H1
International Holding Company (IHC), a diversified Abu Dhabi-based conglomerate, has posted new record profit in the first half of 2022, as the company continues its aggressive investment strategy.
Source: tradearabia.com
IHC posts record Dh10.3 billion net profit for first half
Strong result driven primarily by subsidiary's solid performance and profitable business acquisitions in first half 2022; H1 total revenue climbs 121% to Dh21.93 bil...
Source: khaleejtimes.com