Ajman Pay will accelerate the emirate’s shift toward a cashless economy and ensure that government entities benefit from digital payment solutions
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021
It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
IBM’s team of experts will work with FAB to modernise existing applications and enhance the digital footprint of FAB’s customers
FAB had offered to buy a majority stake in EFG-Hermes in February
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The bank’s payments business was valued at $1.15bn
The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030
Here’s why digital banking will continue to grow rapidly within the country
The potential acquisition would be paid for in cash
The virtual cards can be created for single- or multiple-use
The credit card will reward members for making sustainable choices, while providing options to offset emissions for their spending
Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase
FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction
Bin Tarraf, who served as chief operations officer at Dubai-based Emirates Islamic Bank, will be partially replacing Fadel Al Ali
Launched commercially in April 2021, the platform was co-created by Etisalat Digital along with seven UAE banks
FAB will offer both RMB and foreign currency business onshore in China through its new branch in Shanghai
The bank recorded a a full year 2020 net profit of Dhs10.6bn
Clarence Singam-Zhou will begin his new role from March 1, 2021
Al Rostamani will takes over from Andre Sayegh
The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience
It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate
FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, the wider GCC region, Egypt and Asia
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
The awards acknowledged champions from across the region’s business spectrum
Third quarter net profit rose 4 per cent sequentially
First Abu Dhabi Bank will own 10 per cent of the digital bank