Author: Arabian Media staff
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Image: DP World DP World Trade Finance has crossed the $1bn mark in working capital mobilised for businesses in emerging markets, just four years after launching its platform. The milestone comes as the global trade finance gap continues to exceed $2.5tn, disproportionately affecting small and medium-sized enterprises (SMEs) in developing economies. The platform, which combines logistics and financial services, has partnered with more than 32 financial institutions globally, including J.P. Morgan, Standard Bank, and NedBank. Together with DP World’s own lending operations, the model aims to increase access to affordable trade finance while reducing risk and improving the flow of…
Image: Amazon Amazon.ae has announced the return of its Prime Day sale in the UAE, running for seven days from July 25 to 31. Prime members will gain exclusive access to millions of deals across over 30 product categories, including electronics, fashion, groceries, home goods, and Amazon Devices. The extended sale event reflects shifting consumer preferences in the UAE. According to research conducted by HarrisX and commissioned by Amazon, 73 per cent of UAE shoppers prefer longer sale events to allow for better decision-making, while 77 per cent say they feel satisfied when scoring deals during promotional periods. Prime membership,…
Image: Dubai Media Office The Dubai Land department (DLD) has signed a memorandum of cooperation with Emirates NBD to enhance regulatory processes and streamline real estate transactions. The agreement sets out a joint framework for conducting technical and regulatory studies, focusing on the development of streamlined mechanisms for property transaction registration and delivering financial solutions to improve the overall customer experience. As part of the partnership, two key studies will be launched. The first will explore ways to optimise the registration process for real estate transactions concluded outside the UAE, while the second will examine how financial services can be…
WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021. Source link
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The company beat revenue expectations in consulting and infrastructure — but it didn’t deliver upside for its software segment. Source link