Banking & Finance

Sheikh Hamdan approves resolution to penalise non-compliant foreign banks

The resolution establishes measures to flag non-compliant foreign banks and specifies penalties for breaches of administrative guidelines

Emirates NBD joins National Incubator Network

Through the National Incubator Network, Sandooq Al Watan aims to offer comprehensive support and development for SME initiatives

ADCB, Ma’an partner to advance community engagement, social initiatives

ADCB is set to provide an estimated financial contribution of AED25 million over the next five years

AlRayan Bank, HSBC complete debut Islamic ESG KPI-linked repo transaction

The bank offers a number of environmental, social and governance products, including green deposits and financing for electric vehicles

AFS, Mediterranean Bank team up to introduce advanced card solutions in Libya

The payment solutions provider and fintech enabler will deliver comprehensive card processing and sponsorship services

Emirates NBD Egypt grants EGP 2.5 billion in credit facilities to ACC

The agreement highlights Emirates NBD Egypt’s unwavering commitment to driving sustainable economic growth and fostering long-term development

Emirates NBD, ADIB close finance deal for London student housing

The 50/50 club deal marks a significant collaboration between the two banks and enhances the UAE’s banking presence in key international markets

CBUAE, Hong Kong Monetary Authority deepen financial market cooperation

The two authorities agreed to establish connectivity between the debt capital markets and the related financial market infrastructures between Hong Kong and the UAE

Emirates NBD lists $500 million sustainable bond on Nasdaq Dubai

The issuance of the dual-listed bond on Nasdaq Dubai and Euronext Dublin reflects strong interest from both regional and international investors

Saudi Arabia’s D360 Bank secures approval from SAMA

D360 Bank focuses on digital innovation to support financial inclusion in Saudi Arabia and to drive digital transformation within the banking sector

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