Banking & Finance

Commercial Bank of Dubai sets new benchmark as UAE’s first bank to fully activate open finance for customers

Commercial Bank of Dubai (CBD) has set a new benchmark for the UAE banking sector by becoming the first bank in the country to...

FAB and Mastercard transform UAE business payments with mobile-first virtual corporate cards

In a first for the EEMEA region, First Abu Dhabi Bank (FAB) and Mastercard have officially launched Mastercard’s proprietary mobile-first virtual card number (VCN)...

Citi Foundation selects International Rescue Committee in Jordan for the 2025 Global Innovation Challenge to accelerate youth employability

The Citi Foundation recently announced the 50 community organizations around the world that will each receive $500,000 in grant support as part of its...

Al Ansari Exchange partners with MOHRE to enhance salary disbursement efficiency under Wage Protection System

Al Ansari Exchange, a subsidiary of Al Ansari Financial Services and the UAE’s largest outward personal remittances and foreign exchange company, has successfully integrated...

DIFC Courts to permit next-generation digital custodian and blockchain intelligence capabilities for court users

The Dubai International Financial Centre (DIFC) Courts has today announced the opening of specialised services for complex cases, with digital custodian and blockchain intelligence...

ADNOC Distribution adopts AE Coin payments across its retail network, supporting the UAE’s digital transformation

A strategic Memorandum of Understanding has been announced to enable AE Coin digital payments across ADNOC Distribution’s extensive retail network in the UAE. By...

e& UAE to consider enabling stablecoin payments through AE coin

In a landmark step that reinforces the UAE’s global leadership in digital-payment innovation, e& UAE, the flagship telecom arm of global technology group e&,...

HSBC and Presight sign strategic MoU to advance AI innovation in financial service

Presight, a global AI and big data analytics company, has signed a Memorandum of Understanding (MoU) with HSBC UAE to collaborate on the development...

Al Masraf and Commerzbank sign Memorandum of Understanding to strengthen cross-border banking collaboration

With the growing demand for reliable cross-border banking solution, Arab Bank for Investment and Foreign Trade (Al Masraf) is expanding its global network through...

Ministry of Finance signs 3rd agreement under the ‘Retail Sukuk’ Initiative with Emirates Islamic Bank

The Ministry of Finance (MoF) has signed the 3rd agreement under the “Retail Sukuk” initiative with Emirates Islamic Bank, one of the leading Islamic...

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