Abu Dhabi, UAE: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has launched the Payit Universal Account, a multi-service mobile-based account designed to expand access to essential financial services for underserved segments across the UAE. The initiative aligns with the Central Bank of the UAE’s […]
Dubai: Crypto.com has become the first virtual asset service provider in the UAE to secure a Stored Value Facilities (SVF) licence from the Central Bank of the UAE, a landmark approval that will allow the company to offer regulated digital asset payment services to government entities across the country. The licence was granted to the […]
UMM AL QUWAIN, 13th May, 2026 (WAM) — “Mint Gateway” and “Alternative Venture Capital”, a subsidiary of Abu Dhabi Capital Group, have announced receiving in-principle approval from the Central Bank of the UAE (CBUAE) to establish “Omla Community Bank”, which will be headquartered in the Emirate of Umm Al Quwain, with operational plans covering all […]
Sharjah, United Arab Emirates, Invest Bank (INB) today announced its financial results for the quarter ended 31 March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments. Profit Before Tax increased by 97% year-on-year to AED 22.4 million, while Profit After Tax […]
18MW AI-ready facility developed in partnership with DC Max, a French data center developer with a 1GW pipeline Partnership provides preferential access to DC Max’s development pipeline, accelerating Phoenix’s goal towards an excess of 1GW global AI and HPC platform across Europe and the GCC Phoenix has already acquired the land for the Lyon site, […]
Oman’s Bank Nizwa has appointed Tariq Atiq as its new CEO with immediate effect. Atiq joined Bank Nizwa in December 2025 as Deputy CEO before taking over as acting CEO last month, following the exit of his predecessor Khalid Jamal Al Kayed. His 25-year banking career includes roles at the National Bank of Oman and […]
Employees receive free IBAN account, card, and access to financial services with benefits of up to AED 400 annually Dubai –– As businesses across the UAE continue to focus on efficiency while supporting their workforce, e& money, part of e&’s fintech portfolio, has introduced a new salary solution designed to simplify payroll, reduce costs, and enhance […]
TruKKer, the Middle East’s leading digital freight network, announced the successful closing of an inaugural trade receivables securitisation facility of up to US$300 million. Abu Dhabi Commercial Bank PJSC (ADCB) acted as the Sole Arranger and Sole Lender for the bespoke facility, which is backed by portfolios of trade receivables across the company’s operating geographies. A First-of-its-Kind Securitization […]
In collaboration with the Abu Dhabi Family Business Council BOSTON/LONDON AND ABU DHABI, UAE – Partners Capital Investment Group (“Partners Capital”), In collaboration with the Abu Dhabi Family Business Council affiliated with the Abu Dhabi Chamber, announced the opening of its newest office in Abu Dhabi. The event was attended by His Excellency Zaki Anwar Nusseibeh, […]
Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, today announced a strategic banking relationship with Standard Chartered. The collaboration improves SGB’s multi-currency services and payment rails in emerging markets as well as aims to streamline payment flows and reduce friction in cross-border transactions. This further supports SGB’s digital asset […]