Banking & Finance

Standard Chartered: “UAE ranks first globally for planned investment in digital supply chain finance”

Standard Chartered announced the findings of its latest Future of Trade report, titled ‘Navigating an Age of Structural Uncertainty’, which ranks the United Arab...

Saudi Arabia’s PayTabs Group acquires Amazon Payments MENA for $100 million+

Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a transaction that would transfer Amazon's Middle East and North Africa payments operations...

FAB completes live tokenized deposit milestone with Citi through Swift Ledger

First Abu Dhabi Bank (FAB), the UAE's global bank, has successfully completed live USD transactions at scale as part of Swift’s Ledger Minimum Viable...

Vision Bank launches SME financing to support cross-border trade

Vision Bank, the Abu Dhabi Global Markets (ADGM)-headquartered Islamic bank founded and wholly owned by GII Group, has announced the launch of its SME...

Mashreq makes WPS payroll fully digital in the UAE

Mashreq, a financial institution in the MENA region, has launched a fully digital salary payment experience for employers across the UAE through an integration...

DIB successfully closes debut USD 750 million syndicated Islamic financing facility

DIB, the global Islamic financial group and Islamic bank in the UAE, has successfully closed its debut USD 750 million three-year Senior Unsecured Commodity...

HSBC launches the UAE’s first immediately international bank account

HSBC in the UAE became the first market in HSBC’s global network to launch the upgrade to its Global Money Account, a fully integrated...

Rakbank Islamic enables access to Bitcoin trading through its Islamic banking platform

Rakbank announced that Rakbank Islamic customers can buy, sell and hold Bitcoin through Bitpanda's regulated virtual asset trading platform directly from the Rakbank mobile...

ADIB provides £27 million Shari’a-compliant financing to Blacksand Company B.S.C for prime Glasgow logistics asset

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, has provided a £27 million (AED 133 million), five-year Shari’a-compliant financing facility to Blacksand Company...

DIB makes homeownership more accessible with off-plan home finance solutions

DIB, the global Islamic financial group and Islamic bank in the UAE, has launched a new Off-Plan Home Finance proposition designed to support customers...

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