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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...

Bank of Sharjah acts as joint lead manager & bookrunner in a US$ 750 mln Sukuk Issuance for the Government of Sharjah

Bank of Sharjah acted as a Joint Lead Manager in the successful issuance of a US$ 750 million, 10.5-year U.S. dollar-denominated 144A/Reg S Sukuk...

Mashreq collaboration with Al Etihad Payments expands payment options for customers in the UAE

Mashreq announces it has further expanded payment options for customers across the UAE with acceptance of Jaywan cards on all NEOPAY terminals. Jaywan is a...

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