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BusinessTime.AE Newsroom

UAE Embedded Finance: Booming Growth, Government Support

The UAE’s embedded finance sector is experiencing rapid growth, driven by government support, technological advancements, and increasing consumer demand. A recent report predicts the industry will reach $1.56 billion in 2024, growing at 16.1% annually. The sector is expected to maintain strong growth, with a projected CAGR of 28.6% from 2024 to 2029, potentially reaching…

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UAE’s Record Budget Fuels Economic Growth Ambitions

Here’s a 300-word article with two subtitles and a description based on the provided information: Description: The UAE’s approval of its largest federal budget in history signals a strong commitment to economic growth, infrastructure development, and social welfare, positioning the country for continued prosperity and global influence. Unprecedented Budget Allocation Fuels Economic Ambitions The United…

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Securing the Digital Frontier: Insights from Dr. Mohan Babu Murugesan of Bits Secure IT

Dr. Mohan Babu-Murugesan, an expert from Bits Secure IT, shares valuable insights on cybersecurity, IT infrastructure, and the challenges facing modern enterprises in the digital age. Comprehensive IT Solutions for Modern Enterprises Bits Secure IT, a leading solution provider and integrator in the UAE and Oman, offers a wide range of IT services to various…

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Will Dubai Airport lose all Passport Control?

Dubai Airports Set to Revolutionize Travel Experience Dubai is poised to transform the airport experience with its innovative ‘Travel Without Borders’ project. This groundbreaking initiative will eliminate all physical passport control and smart gates, replacing them with advanced facial recognition technology. Seamless Journey Through Artificial Intelligence The new system will utilize AI-powered facial recognition cameras…

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UAE Approves Regulated Dirham-Pegged Stablecoin: Economic Boost

The UAE’s Central Bank has granted in-principle approval for a regulated dirham-pegged stablecoin, potentially making the UAE the first issuer of such a currency in the region. This development marks a significant step forward in the country’s cryptocurrency landscape, opening up new possibilities for digital transactions and economic growth. The AED Stablecoin has received preliminary…

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UAE Embedded Finance: Rapid Growth Fueled by Innovation

Description: The UAE’s embedded finance sector is experiencing rapid growth, with projections indicating a 16.1% annual increase to $1.56 billion in 2024. Factors driving this expansion include strong government support, technological advancements, and rising consumer demand. The industry is expected to maintain steady growth, reaching approximately $550 billion by 2029. Governmental Support and Technological Advancements…

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UAE Embedded Finance Set for Explosive Growth

The UAE’s embedded finance industry is poised for explosive growth, with projections indicating a compound annual growth rate of 16.1% to reach $1.56 billion in 2024. This surge is primarily driven by strong government support and rapid technological advancements in the financial sector. The UAE government’s proactive approach in fostering fintech innovation through initiatives like…

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UAE Banks Soar: Q2 Profits and Asset Quality

Description: UAE’s top banks showcased impressive performance in Q2 2024, with improved asset quality and increased profits. The Alvarez & Marsal report highlights key metrics, including higher net income, lower impairment charges, and sustained credit growth. The article delves into interest rate dynamics, deposit and credit trends, operating efficiency, and the sector’s future outlook. Subtitle…

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