Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), and Temenos, the software specialist for banking and finance, have announced their intention to collaborate and strengthen FinTech ecosystem in Abu Dhabi, following the unveiling of ADGM’s Innovation Centre at the FinTech Abu Dhabi Summit on October 23. A key aspect of the collaboration will see Temenos provide a sandbox service …

Emirates Business The National Bank of Ras Al Khaimah (RAKBANK) Group achieved a 9.4% growth in the consolidated net profit of AED 606.3 million for the nine months ended 30 September 2017. The third quarter of 2017 generated a profit of AED 224.8 million, which is a significant increase of 106.7% year on year. Gross Loans and Advances stood at …

RIYADH / Reuters Emaar Properties expects to pay a special dividend to shareholders by December or January from proceeds of a partial listing of its real estate business, the property developer’s chairman said on Tuesday. Dubai’s largest listed property developer had said on Sunday it expects to list 20% of Emaar Development. It has received shareholder approval to list up …