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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

Network International, Mastercard partner to revolutionise commercial payments

The new solutions will enable Network to tap into Mastercard’s global digital payment expertise, including expense management

Sharjah Islamic Bank successfully issues $500 million sukuk

The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion

Magnati, Al Etihad partner to enable acceptance of Jaywan card

Jaywan cards will soon be issued to UAE residents by licensed banks and financial institutions

HSBC launches global wealth trading platform in the UAE

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

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

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