Tag: UAE
Network, 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
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
Wio Bank redefines SME banking with embedded finance services
UAE digital bank Wio Bank is introducing a new embedded finance service designed for the country’s small and medium-sized enterprises (SMEs).
The initiative, which includes...
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
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