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Banking & Finance

Mashreq allocates AED 1 billion in financing to industrial companies

MEA Finance - 0
The funding stimulates industrial companies by enabling them with additional financing solutions under the ‘Make it in the Emirates’ initiative
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Banking & Finance

Ajman Bank posts AED 233 million in H1 2024 net profit

MEA Finance - 0
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion
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Banking & Finance

Standard Chartered finances Abu Dhabi’s first waste-to-energy plant

MEA Finance - 0
The bank acted as the sole senior debt underwriter from the pre-bid stage and successfully syndicated the financing post-award, attracting both local and international banks
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Digital Payments

Network International, Mastercard partner to revolutionise commercial payments

MEA Finance - 0
The new solutions will enable Network to tap into Mastercard’s global digital payment expertise, including expense management
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Banking & Finance

Sharjah Islamic Bank successfully issues $500 million sukuk

MEA Finance - 0
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
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Banking & Finance

Magnati, Al Etihad partner to enable acceptance of Jaywan card

MEA Finance - 0
Jaywan cards will soon be issued to UAE residents by licensed banks and financial institutions
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Banking & Finance

HSBC launches global wealth trading platform in the UAE

MEA Finance - 0
The UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow
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Banking & Finance

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

MEA Finance - 0
Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments
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Banking & Finance

CBUAE publishes monetary, banking developments for March 2024

MEA Finance - 0
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
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Banking & Finance

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

MEA Finance - 0
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
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