Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest […]
Uber will leverage a range of Mastercard products and services to help scale financial tools for Uber drivers and couriers and extend benefits to Mastercard cardholders engaging across the Uber platform. Mastercard is deepening its global payments partnership with Uber to improve experiences for drivers, couriers and Mastercard cardholders using the Uber platform. Uber will […]
This strategic partnership marks a major milestone in the UAE’s journey to strengthen resilience, and harness artificial intelligence across every facet of its financial ecosystem. ABU DHABI – The Central Bank of the United Arab Emirates (CBUAE) and Presight, a leading AI and big data analytics company, have announced the launch of a groundbreaking joint […]
Abu Dhabi Islamic Bank (ADIB) today announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching AED4 billion, reflecting strong balance sheet growth, continued business momentum, and a rising customer base. The bank delivered another record performance in Q2 2025, with pre-tax net profit up 14 percent year-on-year […]
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available in the UAE and beyond. Dubai, United Arab Emirates – Standard Chartered announced today the launch of the UAE’s first Sustainable Escrow and Account Bank solution, allowing clients to embed sustainability into their cash management strategies. The new solution enables […]
Toyow has already lined up more than US$38 billion in assets for investment in the coming months, after signing of an MoU with Nisus Finance to tokenise US$500 million real estate assets under management. Dubai, UAE: Toyow, the world’s first multi category tokenised asset marketplace, has secured a US$10 million strategic investment from Nimbus Capital, a […]
Muscat – Omani startup SafaQat, which focuses on digital procurement and supply, has secured new investment from Future Fund of Oman (FFO) and ITHCA Group. Supervised by Authority for Small and Medium Enterprises Development (ASMED), the startup is seen as part of the broader push to build a sustainable digital economy in the sultanate. Founded by […]
Emirates NBD’s income surges 12% to AED 23.9 billion on strong loan growth, regional expansion and innovative product offering. Lending increased by AED 41 billion (8%) in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network. Deposits grew by AED 70 billion (10%) in […]
Abu Dhabi, UAE – July 23, 2025: The total banking sector assets in the UAE, including bankers’ acceptances, rose to over AED 4.749 trillion at the end of April 2025, reflecting a 0.6% month-on-month increase from approximately AED 4.719 trillion in March, according to the latest Monetary & Banking Developments – April 2025 report released […]
Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened. UAE – MultiBank Group, one of the world’s largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the […]