Banking & Finance

Egypt’s Banque Misr secures $234 million from IFC to support SMEs

The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses

Mastercard, tmam partner to help GCC SMEs digitise corporate expenses

The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.

Emirates NBD, DIFC launch ‘National Digital Talent Incubator’ programme

The incubator programme will run two cohorts per annum, each consisting of three to six fintech startups with UAE national founders and members

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

The UAE’s domestic card scheme is scheduled to launch in early 2024 and it will facilitate the growth of e-commerce and digital transactions.

Egyptian banks suspend debit card use in foreign currency

Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.

FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments

First Abu Dhabi Bank (FAB) announces the successful completion of pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments. Coin systems support digital...

BankDhofar, National Gas Company partner to advance digital payments

The initiative seeks to bring the benefits of financial services to a wider segment of the population, including those without traditional bank accounts

Emirates NBD launches new digital wealth offering with 11,000 instruments across 21 global and local markets

Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges such as, Nasdaq, NYSE,...

Saudi National Bank, Mastercard launch UEFA Champions League cards

The new launch is in line with the bank’s commitment to provide innovative and comprehensive payment solutions.

National Bank of Oman, Federal Bank partner to simplify money transfer

The primary channels for remittance are the NBO Mobile Banking Application and the extensive branch network across Oman.

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