World Investments is expanding its investment in the digital banking sector using artificial intelligence and blockchain technologies

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World Investments is expanding its investment in the digital banking sector using artificial intelligence and blockchain technologies

Xinja Bank announces investments of A$433 million by World Investments
Despite the repercussions of the new-fangled virus, Covid 19 and its violent effects on the world in all sectors, World Investments, one of Abu Dhabi development companies, continues its operation under the guidance of Sheikh Dr. Majid bin Saeed Al Nuaimi along with the leadership, Mr. Zayed Rashid bin Owaidah Al Qubaisi. World Investments, continues to implement sustainable development plans in the various health, financial and technological sectors, to name a few, in line with the recommendations of the World Economic Forum and the experience of the United Arab Emirates and its pioneering role in the Arab region and the world.
A number of restrictions and caveats were issued recently to prevent the spread of Corona virus, as a Covid 19 that limits freedom of movement and communication – World Investments team strives in spite of these challenges and global conditions in order to prepare for the completion of the Xinja Bank project as part of its investments in the financial technology sector Fintech and artificial intelligence, which is expected He has the strongest performance and the highest capital gains by pumping financing up to $ 250 million, which is the largest financing amount for a startup in Australia as the first digital bank to enhance its position among customers and stimulate it among emerging banks thus through Eric Wilson, founder of Xinja Bank and its executive chief.
In the same context, Mr. Zayed bin Owaida Al Qubaisi, CEO of ADIG Group stated, “This investment is an opportunity to get rid of the traditional financial methods and paper currencies circulating among people, whose circulation may cause a great danger in society and a reason for the transmission of diseases and viruses such as the Corona virus. Our belief is in our social responsibility In the interest of public health using digital technology, we see a great opportunity to direct our investments in this sector in the current period and an opportunity to transfer a new experience to the United Arab Emirates in the transformation of the traditional banking sector to the digital banking sector using a technical Artificial intelligence and block chains (blockchain)”.
Liberal Lawyers for Legal Consultants firm is the legal advisor of World Investment Company, which is one of the largest law firms specialized in the financial sector in Dubai and Abu Dhabi in the United Arab Emirates, in order and preparation to prepare all the necessary legal documents to complete the deal with the competent authorities within the state.
World Investments is one of the strongest growing investment companies in the United Arab Emirates through the network of local relations, represented in some local banks such as the First Abu Dhabi Bank (FAB) and Dubai Islamic Bank (DIB) and the International Commercial Bank CBI and Ajman Bank and sovereign funds as a swap company and Emirates Investment Authority and the Abu Dhabi Council (ADIC) Investment and Abu Dhabi Fund for Development in addition to the network of international relations that include, but are not limited to, the Islamic Bank for Development ISDB, the Islamic Company for Private Sector Development (ICD), the African Development Bank (AfDB) and the Asian Development Bank ADB The United Nations Development Program (UNDP) and Al Baraka Bank Group (ABG) are headed by Adnan Youssef, owned by Saleh Kamel, and the Bank of Kuwait, which is owned by the Kuwait Finance House, the Turkish government, and other financial and investment institutions, banks and international organizations.

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