UAE and Saudi Arabia pioneer fintech for cross-border settlements

UAE and Saudi Arabia pioneer fintech for cross-border settlements

The United Arab Emirates and Saudi Arabia are pioneering financial technology for cross-border settlements, the UAE's central bank governor said this morning. The transactions involve the use of a specially-developed digital currency which the two countries jointly commissioned. Addressing a financial technology conference in Abu Dhabi today, the UAE's central bank governor, Mubarak Rashed al-Mansouri, said ""We hope that the potential success of this initiative will foster similar coll...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.