CBUAE develops e-KYC Platform and appoints Norbloc AB as a technology partner

CBUAE develops e-KYC Platform and appoints Norbloc AB as a technology partner

Abu Dhabi: The Central Bank of the UAE (CBUAE) announced the development of the nationwide unified Know Your Customer (e‑KYC) platform, following the signing of a technical partnership agreement with the global technology company Norbloc AB. This strategic initiative constitutes a core pillar of the Financial Infrastructure Transformation (FIT) Programme, which aims to build an […]

CE-Ventures announces acquisition of portfolio company CrossBridge Bio by Eli Lilly

CE-Ventures announces acquisition of portfolio company CrossBridge Bio by Eli Lilly

CE-Ventures, Crescent Enterprises’ corporate venture capital platform, co-led CrossBridge Bio’s USD 10 million initial financing round in November 2024 Acquisition marks a significant milestone in CE-Ventures’ strategy of backing leading biotech companies developing first- and best-in-class therapeutics Sharjah, United Arab Emirates: CE-Ventures, the corporate venture capital arm of Crescent Enterprises, today announced that its portfolio company […]

CBUAE and Philippines Central Banks Sign MoU to Boost Cross-Border Payments and Fintech Collaboration

CBUAE and Philippines Central Banks Sign MoU to Boost Cross-Border Payments and Fintech Collaboration

Abu Dhabi/ Manila: The Central Bank of the United Arab Emirates (CBUAE) and the Bangko Sentral ng Pilipinas (BSP) have signed a memorandum of understanding (MoU) during a virtual ceremony, aimed at developing financial infrastructure, promoting economic collaboration and strengthening bilateral trade. The MoU was signed by H.E. Khaled Mohamed Balama, Governor of the Central Bank […]

Dubai Department of Economy and Tourism (DET) Partners with HSBC to Attract Global Investors and Corporates

Dubai Department of Economy and Tourism (DET) Partners with HSBC to Attract Global Investors and Corporates

Partnership aims to attract global corporates, investors, and high-net-worth individuals to Dubai Collaboration will support international businesses’ market entry and expansion into Dubai’s priority sectors Dubai, United Arab Emirates: The Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with HSBC Bank Middle East Limited to further deepen cooperation aimed at attracting […]

Nubank to Establish Regional Headquarters at Abu Dhabi Global Market (ADGM), UAE

Nubank to Establish Regional Headquarters at Abu Dhabi Global Market (ADGM), UAE

Abu Dhabi, UAE — Brazil’s leading digital bank Nubank is advancing its global expansion strategy with plans to establish a regional headquarters at Abu Dhabi Global Market (ADGM), marking a significant entry into the Middle East and North Africa (MENA) region. The development follows a high-level meeting between His Highness Sheikh Khaled bin Mohamed bin […]

Emirates NBD and Sobha Realty partner to offer integrated home financing solutions for off-plan projects in Dubai

Emirates NBD and Sobha Realty partner to offer integrated home financing solutions for off-plan projects in Dubai

• Partnership underscores shared commitment to supporting Dubai’s real estate ecosystem Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced a strategic partnership with Sobha Realty, a leading luxury real-estate brand globally; to provide integrated home financing solutions for buyers of the premium luxury developer’s […]

Jordan’s Orange Money launches exclusive offers for international transfers to Egypt with Orange Cash

Jordan’s Orange Money launches exclusive offers for international transfers to Egypt with Orange Cash

As part of Orange Money’s exclusive offers, the electronic wallet is enabling its customers to send money transfers to Orange Cash in Egypt without any transfer commission. Additionally, under the offer’s terms, the recipient will gain financial rewards of up to EGP 700 along with a chance to win flight tickets (from Cairo to Amman) […]

King Street and PIF Partners to Expand Private Credit Investment Opportunities in Saudi Arabia and the Broader MENA Region

King Street and PIF Partners to Expand Private Credit Investment Opportunities in Saudi Arabia and the Broader MENA Region

King Street and PIF Sign an MoU to Expand Private Credit Investment Opportunities in Saudi Arabia and the Broader MENA Region •    A new credit fund will seek to provide private capital solutions to corporates and conduct asset-based lending within Saudi Arabia and MENA. •    PIF is fostering strategic partnerships with leading international asset managers to further […]

Emirates NBD Launches Business Support Package to Strengthen SME Resilience in UAE

Emirates NBD Launches Business Support Package to Strengthen SME Resilience in UAE

Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has launched a Business Support Package consisting of a set of temporary fee-relief measures to help SMEs manage day-to-day operations over the next few months. Emirates NBD’s initiative will lend confidence to the business community in light […]