Banking & Finance

SocGen to sell Moroccan business for EUR 745 million

The transaction is subject to the usual condition’s precedent, including the approval of the relevant regulatory authorities

Empowering the world: Pay10 goes global

Eastern Fortune Investments LLC proudly announces the ascension of Prabhpreet Singh Gill, better known as Harry Gill, to the role of chairman of Pay10,...

Al Ansari Exchange announces seamless instant payments with Aani Integration

Al Ansari Exchange, a subsidiary of Al Ansari Financial Services PJSC announced its partnership with Al Etihad Payments (AEP), a subsidiary of the Central...

Emirates Development Bank has achieved a record increase in its impact on the industrial GDP, with total financing reaching AED10.4 billion since 2021.

Emirates Development Bank has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to AED 10.4 billion, bringing...

FAB and Microsoft announce landmark strategic partnership to shape the future of financial services globally

First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the...

Growing UAE saving culture propels National Bonds investments to record AED 14 billion in 2023

National Bonds, a leading Sharia-compliant savings and investment company in the UAE, today announced another remarkable year marked by significant growth, consistent profit sharing...

UPI-powered PhonePe App is now accepted at Mashreq’s NEOPAY terminals in UAE

Mashreq in partnership with NPCI International Payments Ltd. (NIPL), has taken a significant step forward in enhancing financial connectivity between the UAE and India....

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”

ADIB leads closure of AED 863 million Shari’ah-compliant syndicated loan

ADIB acted as the lead arranger, coordinator, bookrunner, Shari’ah advisor, and investment and security agent on the deal

Emarat grants MBank the first naming rights to its stations

Through the Mbank digital wallet, Emarat station customers can conduct safe and smooth contactless payment transactions after refuelling their vehicles

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