ABU DHABI/WAM Magnati, a payment solutions provider in the Middle East, has partnered with Wio Bank PJSC. This partnership enables Wio Bank to expand access to support business growth by providing fast access to financing using Magnati’s platform, simplifying cash flow management and credit access. Loan EMIs are automatically deducted from daily payouts, streamlining the repayment process for merchants. This …

AJMAN/WAM The Ajman Department of Economic Development and the Ajman Free Zones Authority have released an economic report detailing the volume of investments between the People’s Republic of China and the emirate of Ajman. This report coincides with the celebration of the 75th National Day of China. The report revealed that the volume of investments between China and Ajman reached …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) announced its approval for the listing of 16 tranches linked to bonds and Islamic sukuk, with a total value of $19.55 billion (AED72 billion), on the Abu Dhabi Securities Exchange’s “Secondary Listing Market” during 2023. The authority clarified, according to the latest released statistics that the listings included 10 regular tranches and …