Banking & Finance

ADIB relieves pressure on customers by extending payment holidays on finance programs

Abu Dhabi Islamic Bank (ADIB) is introducing an extension of its relief measures to help customers deal with the unprecedented challenges brought by the...

Ministry of Finance announces successful implementation of Procure-to-Pay

The Ministry of Finance (MoF) announced the successful implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...

VISA has launched its regional “Where You Shop Matters’ initiative to support small businesses in the UAE

Visa has launched its regional “Where You Shop Matters’ initiative that aims to champion and enable entrepreneurs while encouraging consumers to support small businesses...

Mashreq customers are now being served by the region’s first digital engagement banking bot provided by Avaya

Customers of Mashreq are now being served by the region’s first digital engagement banking bot, giving them access to powerful self-service capabilities that result...

First Abu Dhabi Bank issues largest Chinese Yuan dual listed Formosa bonds from MENA region

First Abu Dhabi Bank (FAB) issued the largest Chinese Yuan (CNH) dual listed Formosa bonds from the MENA region, with a CNH 1.4 billion...

Etihad Credit Insurance and Bpifrance join hands to enhance trade and economic cooperation

Etihad Credit Insurance (ECI), the UAE Federal Export Credit Company, has signed a Memorandum of Understanding (MoU) with Bpifrance Assurance Export, the French Export...

Commercial Bank of Dubai and Dubai Economy to provide exclusive banking services for DED Trader licence holders

The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services...

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

Dubai Islamic Bank successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to...

AED500 million rights issue will make pharmaceutical manufacturer Julphar feel better

After two years of restructuring, Ras Al Khaimah-based Gulf Pharmaceutical Industries, better known as Julphar, is looking to raise AED500 million (US$136 million) on...

Souqalmal launches UAE’s first ‘Insure Now, Pay Monthly’ service to support residents amid the COVID – 19 crisis

As countries all over the globe continue to grapple with the financial impact of the Covid-19 pandemic, residents in the UAE haven’t been immune...

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