INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Gender gap narrows in account ownership

  • Two-thirds of adults worldwide now make or receive a digital payment, with the share in developing economies grew from 35% in 2014 to 57% in 2021
  • The gender gap in account ownership has narrowed, helping women have more privacy, security, and control over their money, latest surveys highlight

The COVID-19 pandemic, which spurred financial inclusion, has driven a huge increase in digital payments amidst the global expansion of formal financial services.

This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks, according to the Global Findex 2021 database.

Here is how the pandemic aided the growth of digital banking across the GCC countries: