Banking & Finance

CBUAE publishes monetary, banking developments for March 2024

The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024

Al Etihad Payments awarded PCI DSS 4.0 compliance certificate from SISA, Meeting Top Security Standards

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, proudly announces its successful attainment of the Payment Card Industry Data...

Dubai Islamic Bank pledges AED 11 million to support ‘Dubai Schools’ project

The initiative aligns with Dubai’s vision of delivering outstanding education and establishing advanced schools in line with global benchmarks

OAB unveils direct debit service for seamless payment automation

The innovative service is part of the bank’s commitment to providing cutting-edge banking solutions, accessible 24/7 through electronic platforms and the mobile app

Mbank and Policybazaar.ae collaborate to provide customers effortless access to insurance solutions

Mbank and Policybazaar.ae announces a ground-breaking partnership that redefines insurance access for individuals and SMEs in the digital age. This first-of-its-kind service empowers Mbank...

Worldwide Cash Express Partners with TerraPay to improve Cross-Border Payment Services for customers

Worldwide Cash Express announced a strategic partnership with TerraPay, a global money movement company. Together, the two companies aim to empower customers with a...

aiBANK unveils a daily savings account with interest rates of up to 20%

Customers who opt for the new savings account can earn a daily interest rate of up to 20%

UAE’s du partners with Visa to debut innovative prepaid card

The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering with a coupon of 7.125 percent per annum on Monday 3rd June 2024. The transaction...

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE

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