Since 1982, China began to receive loans from the Kuwait Arab Economic Development Foundation, mainly to support the construction of local areas in China. The foundation has so far provided China with nearly 305 million credits. For the past 40 years, the Kuwait Arab Economic Development Foundation has been cooperating well with China and has witnessed the country’s development.
Finance and Policy ME
A first-of-its-kind solution opens up in the UAE where merchants can simply provide their WhatsApp-enabled numbers to customers, allowing an easy, convenient, and secure payment process.
In line with its aim to be among the world’s top 10 central banks, the UAE Central Bank (CBUAE) has set its priorities for 2023-2026, including the launch of a digital currency.
UAE’s aggressive digital strategies and policies has put the country in the fifth position in the Global Cybersecurity Index (GCI) 2020, released by the International Telecommunication Union (ITU), the United Nations specialised agency for information and communication technologies.
Abu Dhabi Islamic Bank (ADIB) partnered with Visa to introduce the UAE’s first biometric authentication solution for e-commerce transactions. This solution leverages the Visa Consumer Authentication Service (VCAS) to deliver an improved customer experience and boost data security.
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