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Standard Chartered to launch Digital Asset Custody Services in the UAE

Standard Chartered signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody. Subject to...

RAKBANK launches digital on-boarding solution for instant credit cards through its banking app

RAKBANK has rolled out a new digital on-boarding solution that allows customers to apply for a RAKBANK Credit Card digitally. New customers will receive...

Abu Dhabi expands its International Financial District ten times greater than its current footprint.

Abu Dhabi is set to become one of the world’s largest International Financial Districts following the issuance of UAE Cabinet Resolution No. 41 for...

Citi Appoints Omar Hafeez as Head of North Africa, Levant and Central Asia Sub-Cluster

Citi announced the appointment of Omar Hafeez as Head of North Africa, Levant, and Central Asia, based in Dubai. The appointment follows the reorganization...

Tarabut Gateway raises US$32M to boost Open Banking in KSA

Tarabut Gateway announces the completion of a US$32 million Series A fundraise. The funding round was led by Pinnacle Capital, a leading alternative investment firm...

Paymentology announces partnership with Nomo

Paymentology announces a strategic partnership with Nomo Bank (Nomo), the world’s first fully digital Sharia-compliant cross-border bank. Nomo, part of the Bank of London and The...

Mashreq appoints Mohamed Abdel Razek as Group Head of Technology, Transformation & Information

Mashreq announces the appointment of Mohamed Abdel Razek as the Group Head of Technology, Transformation & Information. In this role, he will lead Mashreq's...

Mashreq reports a Net Profit of AED 1.6 Billion for the first quarter 2023

Mashreq announces the financial results for Q1 2023 demonstrating a robust performance and crossing the AED 200 billion in total assets milestone, as outlined...

FAB reports with a Group net profit of AED 3.9 billion in the first quarter

Key Highlights Strong start to 2023 with Group operating income of AED 6.7 billion, up 14% sequentially and 51% year-on-year, driven by sustained momentum...

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