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Banking & Finance

UAE’s Dubai Islamic Bank, Mastercard partner to introduce cross-border payments

Arabiya Capital Staff -
Recognising the need for speed in today's fast-paced world, Mastercard Cross-Border Services have been optimised for quick and efficient fund transfers.
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Saudi Awwal Bank, Mastercard partner to offer secure digital transactions

Arabiya Capital Staff -
The bank will leverage Mastercard’s advanced AI-based cybersecurity technology to prevent payment fraud
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Bahrain’s GFH Financial Group posts $78.9 million in nine-month profit

Arabiya Capital Staff -
The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022.
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ALEXBANK, Network International to accelerate digital transformation

Arabiya Capital Staff -
The deal complements ALEXBANK’s focus on providing customers with unique banking experiences befitting the digital age
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Standard Chartered to start operations in Egypt by year-end

Arabiya Capital Staff -
The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.
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Tatweer Misr secures EGP 3.5 billion medium-term loan facility

Arabiya Capital Staff -
The developer plans to use the facility to accelerate the pace of construction works in both IL Monte Galala and Bloomfields projects
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UAE’s AAFAQ Islamic Finance, Al Ansari partner to advance customer experience

Arabiya Capital Staff -
The partnership seeks to offer a user-friendly payment avenue for Aafaq credit card holders
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Orascom Development Egypt secures EGP 6 billion syndicated loan

Arabiya Capital Staff -
EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction
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Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

Arabiya Capital Staff -
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
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UAE’s Abu Dhabi Islamic Bank unveils robust ESG strategy

Arabiya Capital Staff -
The strategy underscores ADIB’s commitment to increasing its sustainable finance targets, enhancing its sustainable development journey.
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