Banking & Finance

ADIB adopts IBM hybrid cloud solutions to accelerate digital transformation strategy

Abu Dhabi Islamic Bank (ADIB)announced its collaboration with IBM to accelerate its transition to become a modern, digitally-led Islamic bank, using IBM hybrid cloud solutions...

Commercial Bank of Dubai signs an agreement with Gargash Car Rental to provide Asset Backed Lending finance

Commercial Bank of Dubai has signed an agreement with Gargash Group to provide structured medium-term Asset Backed Lending finance worth AED 150M to Gargash...

First Abu Dhabi Bank announces completion of payments business carve out and launches new brand – MAGNATI

First Abu Dhabi Bank (FAB) today completed the carve out of its existing payments business into a fully owned and operational subsidiary. The new...

Numerous opportunities for investment in GCC healthcare, as sector rebounds from COVID-19 according to Mashreq report

Industry analysis from Mashreq and the research firm Frost & Sullivan, has forecast strong growth in the GCC healthcare sector, driven by a surge...

Emirates NBD reports steep increase in contactless payments

As consumers and merchants have increasingly preferred to use touch-free technologies to stay safe during the COVID-19 outbreak, Emirates NBD reports that contactless payments...

Abu Dhabi Islamic Bank (ADIB) strengthens its fraud detection capabilities with enhanced AI Driven Fraud Detection from SAS

SAS announced a recent partnership with Abu Dhabi Islamic Bank (ADIB) to enhance and improve its fraud detection and investigation capabilities. Under the terms of...

Mashreq names new Group General Counsel

Mashreq Bank has appointed Marouf Mohamed Shweikeh as Group General Counsel, to manage the bank’s Legal Affairs reporting into the Group CEO. In his role,...

Emirates Islamic commended for efforts to advance inclusion of People of Determination in the UAE

Emirates Islamic has been honoured by the Ministry of Human Resources and Emiratisation (MoHRE) for its leading role in advancing the inclusion of people...

SHUAA Capital proposes first dividend post-merger on back of strong FY 2020

SHUAA Capital has received board approval for its audited financial statements for the fiscal year ended 31 December 2020. Financial resilience in a challenging year FY...

Emirates NBD integrates website with UAE PASS for seamless digital account opening

Emirates NBD has integrated its website with UAE PASS, the secure national digital identity and signature solution, enabling individual customers to seamlessly open a...

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