Finance World

Menacorp, the UAE’s leading financial services firm, has announced that is has become the first brokerage firm in the region to receive Derivative Membership under international financial exchange NASDAQ Dubai Limited. It will act as a Trading and Clearing Member for Securities and Derivatives with the aim of leading the market by launching new financial products that are unique to the region.

.

EastNets, a leading global provider of compliance and payments solutions for the financial services industry, has earned the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Certified Application Alliance Monitoring Add-on Label for en.Reporting 3.0, as well as the 2015 SWIFT Certified Application Alliance Operational Add-on Label for en.Duplicate Detection 3.1 and en.Recovery. The distinctions were awarded after EastNets successfully passed strict compliance checks and a meticulous skills evaluation process and throws the spotlight on three of the company’s outstanding financial data solutions.

.

A recent international survey conducted by Menon Business Economics Group, the globally renowned organization for benchmarking leading maritime capitals of the world, predicts that Dubai will rank among the Top 7 Leading Maritime Centres in the World in the next five years.

.

Institute of Finance & Management subsidiary of aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has recently signed a Memorandum of Understanding (MoU) with the University of Bolton’s Centre for Islamic Finance, an initiative designed to facilitate research and promote the understanding of Islamic Finance through lectures, conferences and a joint professional certificate in Islamic Banking. The document was signed in London.

.

In line with its corporate social responsibility (CSR) strategy, Al Ansari Exchange, the UAE-based company that provides worldwide remittance and foreign exchange services, has announced a grant of AED 500,000 to Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi Government to facilitate public-private partnerships for empowering youth across the UAE.

.