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Abu Dhabi’s ADQ agrees to buy 96% of Türkiye-based Odeabank

The bank seeks to become Türkiye’s premier “phygital” bank by integrating its physical presence with innovative digital banking services

UAE’s Emirates NBD joins PBAF to boost biodiversity

The decision reflects Emirates NBD’s recognition of the vital role biodiversity plays in economies and livelihoods worldwide

AED Stablecoin obtains in-principal approval from the Central Bank of the UAE to establish and issue its own currency

AED Stablecoin LLC announces obtaining the Central Bank of the UAE’s in-principal approval to launch and establish its own currency, AE Coin, under the...

Arta Finance partners with Abu Dhabi’s Wio Invest to launch Wealth-as-a-Service for banks globally, unveils Arta AI Copilot

Fast-growing digital wealth management platform Arta Finance launches globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open...

October 2024



Qatar’s QNB Group posts $3.5 billion in nine-month profit

The banking group’s total assets reached QAR1.28 trillion, a growth of 8% year-over-year

Abu Dhabi’s ADIO, HSBC partner to boost investment in Asia

The partnership will facilitate business development, investment and trade flows between Abu Dhabi and Asia

Bahrain’s NBB, ARP Digital launch Bitcoin-linked Investment

The product meets the demand for risk-averse investors seeking exposure to Bitcoin, while fully insulating their principal investment from market fluctuations

AFS partners with Zand Bank to empower FinTech Innovation

Arab Financial Services has signed a strategic agreement with Zand. This collaboration aims to provide Fintechs and emerging players with AFS's cutting-edge processing services...

Dubai Islamic Bank successfully issues additional Tier 1 Sukuk

Dubai Islamic Bank successfully issued a USD 500 million Additional Tier 1 Sukuk with a profit rate of 5.25% per annum. The Basel III-compliant...

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