Banking & Finance

Dar Al Takaful appoints Rajesh Sethi as CEO after acquisition of Noor Takaful

Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer...

AIIB to hold its first annual meeting in the middle east in the UAE

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its sixth Annual Meeting will be held in Dubai, United Arab...

FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally

First Abu Dhabi Bank (FAB) issued the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.6bn five-year issuance making this...

National Bank of Bahrain selects Infosys Finacle to digitally transform its transaction banking business

National Bank of Bahrain (NBB) and Infosys Finacle today announced the bank’s decision to adopt the Finacle Cash Management Suite to digitally transform its transaction...

Mashreq appoints new head of public sector, healthcare, education and energy

Mashreq has appointed Feras Al Jaramani as Executive Vice President, Head of Public Sector, Healthcare, Education and Energy. In his role, Feras will be...

The National Bank acquires Jordan Commercial Bank in Palestine

The National Bank (TNB) has acquired the Palestinian operations of the Jordan Commercial Bank (JCB) cementing TNB’s leading position with assets of more than...

Dubai Economy and Emirates NBD go live with the UAE KYC Blockchain Platform

Dubai Economy and Emirates NBD announced the go-live of the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank...

Souqalmal doubles down on COVID-19 relief – ‘ZERO Fee Monthly Plan’ for Insurance in the UAE

After launching its ‘Insure Now, Pay Monthly’ service just short of two months ago, the Souqalmal team is now ramping up efforts to make...

Emirates Islamic announces winners of Kunooz Savings Account draw

Emirates Islamic has announced the lucky winners of its monthly Kunooz Savings Account draw for June 2020. Indian national, Muhammad Chelayil, won the AED 1...

Emirates NBD completes customer migration to Smart Pass

Emirates NBD has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions. The roll out of Smart...

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