UBF, SWIFT host event on improvements, expansion of cross-border payments

ABU DHABI. Officials met on Sunday to discuss the revolution in cross-border payment services now available to banking customers and residents in the UAE. The UAE Banks Federation, UBF, along with SWIFT, the financial messaging services provider, hosted the event to discuss the digital transformation taking place across the financial services industry. The meeting, held […]

China’s factory rebound heralds improvement in global outlook

Beijing China’s first official economic gauge for March signalled a stabilisation in the world’s second-largest economy, easing one of the biggest worries for the global outlook. The manufacturing purchasing managers index rose to 50.5 from 49.2 last month, the biggest increase since 2012 and exceeding all estimates by economists. Both new orders and new export […]