Banking & Finance

UAE central bank joins Gulf Payments Company’s AFAQ

AFAQ offers the service of executing financial transactions in local currencies to customers across the region in real-time with lower fees.

UAE’s FAB joins Mastercard’s Priceless Planet Coalition

The coalition contributes to the UAE’s mangrove planting and restoration efforts that boost the country’s climate change mitigation and adaptation capabilities.

Network International, Huawei partner to facilitate digital payments

The payments firm will support customers in the market by providing omnichannel digital payment offerings, including card issuing and acquirer processing services

UAE’s ADCB launches Mastercard Carbon Calculator

The bank is partnering with customers on their transition to a net zero economy by expanding its suite of green products and services

Al Baraka Bank Egypt, IFC partner to support SMEs

The multilateral bank’s $50 million Murabaha finance to Al Baraka Bank Egypt will allow the bank to increase financing to thousands of SMEs in the country.

UAE’s FAB to provide $135 billion in green finance by 2030

The banking group has facilitated over $27 billion in financing renewable energy, wastewater and green buildings since 2021.

UAE banks pledge AED 1 trillion in green finance at COP28

The country’s banking federation seeks to accelerate progress in this domain by fostering a business environment that encourages competitive, active and sustainable finance.

Abu Dhabi’s Wio Bank rolls out Mastercard Carbon Calculator

The Carbon Calculator enables the bank to provide customers with carbon footprint data and insights about the impact of their purchases.

Mashreq commits AED 110 billion to sustainable finance by 2030

The bank’s commitment to facilitating AED 110 billion in sustainable finance by 2030 builds on years of sustainable finance deployment

PayTabs Egypt, mnGm partner to initiate card acceptance for online gold purchases

The company supports multiple digital payment options, white labelling platforms and a range of e-commerce, m-commerce, and social commerce solutions.

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