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Standard Chartered launches custody service for digital assets in UAE

The service enables clients to store their digital assets, supporting Bitcoin and Ethereum securely

EDB launches AGRIX Accelerator to boost UAE food security

The AGRIX Accelerator will provide participants with access to advanced agricultural technologies, strategic business insights and sustainable farming practices

EDB unveils AI Wave programme to boost operations

EDB is committed to fostering AI adoption through a comprehensive educational and awareness initiative

Beko secures EUR 350 million loan from Emirates NBD Capital

The three-year loan, which was oversubscribed by 200%, will be used to support Beko’s general corporate purposes and business development activities

Network International partners with Citi for corporate payment solutions

Citi will be able to offer its corporate clients superior payment management solutions, including enhanced transaction efficiency and seamless payment integration capabilities

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region

RAKBANK posts record AED 1.1 billion half-year profit

The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion

Mashreq allocates AED 1 billion in financing to industrial companies

The funding stimulates industrial companies by enabling them with additional financing solutions under the ‘Make it in the Emirates’ initiative

Ajman Bank posts AED 233 million in H1 2024 net profit

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

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

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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