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Afreximbank, Morocco ink MoU for $1billion trade programme

Afreximbank will cooperate with relevant Moroccan entities and economic operators to develop and deploy appropriate project structuring and financing solutions.

Virtuzone offers free tax-ready service for small & medium-sized businesses to comply with the new UAE Tax Regulations

Virtuzone, the UAE’s leading and award-winning provider of company formation solutions, corporate services and tax consultancy, announced it will provide small and medium sized...

Backbase launches Grand Central, its new-gen integration solution, and dedicates $10 million fund to fuel innovation.

Backbase announces the launch of Grand Central, its groundbreaking Integration Platform-as-a-Service (iPaaS). This revolutionary offering is set to empower banks in expediting their modernization...

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

The UAE’s domestic card scheme is scheduled to launch in early 2024 and it will facilitate the growth of e-commerce and digital transactions.

Sustainable cities of the future: why the UAE represents a role model for sustainable urban development

According to a recent article published by the World Bank, 56% of the world’s population – 4.4 billion inhabitants – live in cities. This...

Egyptian banks suspend debit card use in foreign currency

Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.

Daman Securities and Advanced Markets announce strategic partnership

In a strategic move to remain at the forefront of the evolving financial sector, Daman Securities, a pioneer in the UAE’s financial services industry...

FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments

First Abu Dhabi Bank (FAB) announces the successful completion of pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments. Coin systems support digital...

National Bank of Fujairah partners with Malabar Gold & Diamonds as sponsor for its annual Fujairah Run

National Bank of Fujairah PJSC (NBF) has secured sponsorship from Malabar Gold & Diamonds for its annual Fujairah Run for the fifth consecutive year,...

BankDhofar, National Gas Company partner to advance digital payments

The initiative seeks to bring the benefits of financial services to a wider segment of the population, including those without traditional bank accounts

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