Banking & Finance

UBF stresses the role of advancing security to bolster financial sector

The banking federation said banks must keep pace with the rapid developments in the sector to provide the highest level of security and cybersecurity

Egypt’s Commercial International Bank, IBM to integrate banking services

The integration is part of the bank’s digital transformation journey and mission to modernize its IT infrastructure

ALEXBANK, Visa to launch new payment products in Egypt

The new products will provide their users with unique privileges including concierge service, buyer protection and global customer assistance services

Commercial Bank of Dubai, Visa partner to drive sustainability initiatives

Commercial Bank of Dubai is committed to supporting impactful and purpose-driven global environmental challenges.

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.

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