Pilgrims from around the world are arriving in Saudi Arabia for the Hajj pilgrimage, supported by a system of updated procedures and technologies designed to enhance their experience. This system aims to ease their journey between Jeddah, Makkah, and Madinah, and ensure a smooth stay at the holy sites. The main entry points for these pilgrims are King Abdulaziz International Airport in Jeddah and Prince Mohammad bin Abdulaziz Airport in Madinah.
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Digital Banking: UAE Central Bank Issues License to Al Mayah Community Bank to Offer Seamless Financial Services crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
It will develop products to bridge gaps in personal and business banking and will help the savings [and] investment goals of both Emiratis and expats alike , he said.
The licence granting follows the launch of the UAE s first independent digital bank, known as Zand, on Monday.
Zand also plans to focus on retail and corporate clients.
ADQ, the conglomerate that owns Abu Dhabi government stakes in a range of businesses, said last year it planned to set up a digital bank in the UAE using a legacy banking licence held by First Abu Dhabi Bank.
A Boston Consulting Group survey that polled more than 2,000 respondents in the UAE last year found that 87 per cent would be willing to open an account with a branchless, online bank.