In a groundbreaking move to support small and medium-sized enterprises (SMEs), Aura and Reem Finance have announced a strategic partnership. This collaboration aims to transform the trade finance landscape by combining Aura’s cutting-edge credit solutions with Reem Finance’s extensive infrastructure and expertise. Enhanced Financial SolutionsThe partnership will offer robust and flexible financing options tailored specifically […]
Dubai, UAE – [Date] – RAKBANK has announced the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. The bond issuance attracted significant investor interest and was oversubscribed by more than three times, enabling the bank to upsize the issue to USD 600 million. The strong demand also allowed […]
Abu Dhabi, 18th July 2024 (WAM) – Abu Dhabi Commercial Bank PJSC (ADCB) has announced its financial results for the second quarter of 2024 (Q2’24), showcasing a strong performance driven by double-digit year-on-year (YoY) growth in both net interest income and non-interest income, underpinned by robust UAE economic fundamentals. According to the financial results statement, […]
In a significant stride towards full digital transformation, Reem Finance has signed an agreement with Appro to implement their state-of-the-art onboarding journey as a Software as a Service (SaaS). This collaboration is set to revolutionize the customer onboarding process, providing a seamless, efficient, and secure experience for Reem Finance’s clients. The signing ceremony, held at […]
The new myZoi Digital Wallet allows underbanked employees to send money home to up to five recipients for the cost of one transfer, significantly reducing remittance fees and promoting savings. This financial platform is designed specifically for underbanked employees while providing corporates with a secure, compliant, and fully digitized payroll solution. Committed to advancing six […]
Dubai, UAE – July 18, 2024 – Ogram, a leading provider of flexible staffing solutions, has successfully closed its latest expansion round in the Kingdom of Saudi Arabia (KSA). The round was led by Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ). This marks Oraseya’s second investment in Ogram, solidifying […]
Swyt, a UAE-based company offering an all-in-one platform to simplify and secure IT operations for businesses, has successfully concluded a significant seed funding round. This new investment will propel Swyt’s mission to enhance research and development on their platform and expand its presence throughout the Gulf region. The funding was supported by business angels specializing […]
Emirates NBD has reported a record profit of Dh13.8 billion for the first half of 2024, driven by increased lending across its regional network and substantial impaired loan recoveries, according to a recent filing with the Dubai Financial Market (DFM). The group’s quarterly profit exceeded Dh7 billion for the first time, bolstered by strong performances […]
Majarra Acquires Lableb to Enhance Arabic AI and NLP Capabilities Abu Dhabi, July 2024 – Majarra, the MENA region’s leading digital content provider, has announced the acquisition of Lableb, a pioneering startup in Arabic Artificial Intelligence (AI) and Natural Language Processing (NLP). This strategic move positions Majarra at the forefront of Arabic digital innovation and […]
Dubai, United Arab Emirates — Jordan Kuwait Bank (JKB) has announced a strategic partnership with Mastercard and FOO to introduce eliWallet, a groundbreaking multicurrency payment solution designed to revolutionize financial transactions for customers. eliWallet, developed by JKB, is a state-of-the-art prepaid wallet that offers both virtual and physical cards for multicurrency transactions. This innovative platform […]