The bond proceeds will be allocated according to the specific criteria defined in the SDG Bond Framework focusing on food security, healthcare, infrastructure, education, employment, and renewable energy
Abdulmohsin Al Omran, founder and CEO, The Family Office, gives Gulf Business the lowdown
The world’s largest oil exporter is seeking to strengthen its relations with crucial trade partners
Technology integration in banking has exposed a whole new spectrum of capabilities that can be leveraged to improve performances by gaining an intricate understanding of operations
Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm
The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience
The new guidelines involve the use of digital ID systems by LFIs to address their customer due diligence obligations
The virtual session covered issues related to macroeconomic trends and policies, cyber-financial cooperation, and opportunities for bilateral cooperation
The issuance is the first dirham-denominated bond by a bank since the creation of a medium-term yield curve by the Ministry of Finance
The inaugural summit will take place from January 23-25 at The Museum of the Future
The app maintains user confidentiality and privacy, while aiming to build and sustain trust in the emirate’s financial and economic systems
The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme
Once provisioned, customers can make quick and easy payments with the tap of their wristwatch and instantly view their transaction history in the app
AECB provides credit reports by collecting and analysing data on the credit histories of individuals and businesses, including cheque issuances and clearances and utility payments
Akshay Sardana, VP of Strategy and International Development at The Continental Group, offers insights on these trends
The streamlining and automating of revenue collection will help government entities to better plan and forecast as well as focus on their core business and services
The guidelines will support licensed financial institutions effectively implement their statutory obligations related to anti-money laundering and combatting the financing of terrorism
The UAE has accelerated its growth this year with key strategies, strong initiatives and a future-first approach
Phoenix Group is listed on the Tel Aviv stock exchange, with a market value of $2.85bn
The Japanese firm has received in-principle approvals from the Monetary Authority of Singapore and Dubai Financial Services Authority to set up a branch in the Middle East
Remittances to the developing countries of the MENA region are estimated to have grown 2.5 per cent in 2022 to $63bn, compared to a 10.5 per cent growth last year
The CBUAE is the first in the region to issue the largest multi-coloured Kinegram surface applied foil stripe in the new banknote issue
Emirates NBD Pay will offer card acceptance solutions to the bank’s existing and potential institutional banking clients in the UAE
The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre
The new programme will support and encourage UAE citizens with various specialisations to enter into the financial and accounting sectors
The company’s virtual and physical cards combined with its software allow businesses to manage their spending in a more automated and transparent way
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
First Abu Dhabi Bank has structured green financing for the development of renewable energy projects, the construction of energy efficient buildings and infrastructure development for sustainable water management