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Citi, Emirates NBD partner to launch US cross-border payments

Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments

CBUAE publishes monetary, banking developments for March 2024

The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024

UAE’s du partners with Visa to debut innovative prepaid card

The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE

Network leads launch of UAE domestic card scheme ‘Jaywan’

The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers

Islamic banks assets increased by AED 86 billion over past 12 months

The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%

Emirates NBD, Pine Labs partner to strengthen merchant acquiring solutions

The bank plans to deliver cutting-edge merchant-acquiring processing solutions for its clients in the UAE, with plans to expand to Saudi Arabia and Egypt

Standard Chartered offers retail investors access to UAE-domiciled funds within DIFC

The bank has partnered with leading international companies to provide best-in-class products to its retail clients, including Amundi

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals

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