Creative financing deal between major banking and industrial institutions aligns with the UAE’s Net Zero by 2050 Strategic Initiative. Collaboration highlights Emirates NBD and Siemens’ commitment to expand the integration of energy efficiency measures by combining green tech and credit solutions Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and […]
This marks a key milestone in Nayla’s mission to empower small and medium-sized enterprises (SMEs) in the Kingdom by offering ethical and Sharia-compliant financial services. Saudi-based Nayla Finance has announced that its micro-financing solutions platform has received Sharia certification from the Shariyah Review Bureau (SRB), a leading Sharia advisory firm licensed by the Central Bank of Bahrain. […]
Abu Dhabi, UAE – In a major move to strengthen the UAE’s micro, small and medium enterprise (MSME) ecosystem, Emirates Development Bank (EDB) and RAKBANK have announced a landmark AED 1 billion joint financing initiative. The announcement was made during the prestigious Make it in the Emirates Forum at the ADNEC Centre in Abu Dhabi. […]
Abu Dhabi: First Abu Dhabi Bank (FAB), UAE’s global bank and one of the world’s largest and safest financial institutions, is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two […]
Dubai, UAE: Al Ansari Financial Services PJSC (“AAFS” or “the Group”), one of the leading integrated financial services groups in the UAE and the parent of Al Ansari Exchange, today announces the successful completion of its acquisition of BFC Group Holdings (“BFC”), after receiving all the required regulatory approvals, solidifying its position as the largest non-banking […]
Abu Dhabi, UAE – Maseera Holding for Financial Investments (“Maseera”), a portfolio company of 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), today announced the successful acquisition of ADVA, an innovative Egyptian consumer finance platform. This strategic transaction establishes ADVA as Maseera’s dedicated technology and data analytics hub for North […]
Dubai, UAE – Checkout.com, a leading global digital payments solutions provider, has partnered with Tabby, the financial services and shopping app, to offer flexible and high-performing payment solutions to merchants in the UAE and Saudi Arabia. This partnership integrates Tabby’s popular BNPL solutions directly into Checkout.com’s platform, allowing merchants to offer consumers seamless, flexible payment methods […]
Dubai: Deem Finance LLC (“Deem”), a Gargash Group company and a leading consumer finance provider regulated by the UAE Central Bank, has partnered with J.P. Morgan in a pioneering asset-backed securitization (ABS) to support its lending activities for consumers and SMEs. J.P. Morgan will be providing up to $400 million through a senior revolving facility backed […]
In a significant move to enhance financial inclusion in the country, ABHI and TPL Corp Limited have officially launched ABHI Microfinance Bank, following the acquisition of FINCA Microfinance Bank. The strategic collaboration has received approvals from the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP), marking a milestone in Pakistan’s evolving financial landscape. To commemorate the launch, ABHI and […]
Abu Dhabi, UAE: 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), announces the strategic acquisition of Cairo-based Maseera Holding for Financial Investments (“Maseera”). As part of this transaction, 2PointZero will launch a new Abu Dhabi-based entity under the Maseera Holding name. Maseera, which serves low- and middle-income individuals as well […]