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The Iran conflict has put the Gulf’s USD 124 bn remittance machine under strain — and workers’ savings buffers are running out
An initial panic-send has given way to a drawdown on reserves — and a potential collapse in flows by the…
Abu Dhabi Energy Dep’t + Goldman Sachs partner on water security
PLUS: Botim + Ethiopia partner on remittance services
Cross-border payments firm SaturnX raises USD 3 mn
The new funding will support expansion plans
THIS MORNING: Israel strikes Iran in biggest attack on the country since Iraq war + President heads to G7 summit this Sunday
Plus: Sidara’s Wood takeover deadline was extended to the end of June
Deutsche Bank + Bitcoin Suisse receive ADGM permits
ALSO- The UAE Media Council tapped G42-backed Presight to develop a unified media AI and analytics platform
THIS MORNING: Lunate eyes private credit firm HPS Partners?
Plus: More on the recent VAT amendments
Remittance outflows from the UAE fell 3% y-o-y in 2023 -World Bank
The UAE's remittance outflows are the second highest globally in 2023
Fitch affirms UAE’s FCY issuer default rating
Good morning, friends. It’s a moderately busy news morning as we wind down the workweek and run headlong into the…
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