banking

  • DLD signs MoU with ADIB

    Dubai Land Department (DLD) recently signed a banking solutions memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) for the transaction services of the ‘Tarweej’ real estate promotion initiative. The agreement was signed by HE Sultan Butti bin Mejren, Director General of DLD; Philip King, Global Head of retail banking at ADIB; and Tariq Abdullah Ahmad, Head of Home Finance at ADIB, in the presence of Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD.

  • DOUBLE WIN FOR TRADE BANK OF IRAQ AT THE INTERNATIONAL FINANCE AWARDS

    Trade Bank of Iraq’s (TBI) has been recognised for their outstanding performance and service, taking home two awards at the International Finance Awards 2018.

    London based ‘International Finance’ magazine rewarded TBI’s continued commitment towards providing modern banking services in Iraq, presenting the ‘Best Retail Bank’ and ‘Best Priority Bank’ awards during a special ceremony held at the Jumeirah Emirates Towers in Dubai.

  • Dubai Chamber to head working group on SME banking challenges

    Dubai Chamber of Commerce and Industry will head a new working group which will be tasked with engaging various public and private sector stakeholders and tackling a variety of banking challenges faced by SMEs, startups and entrepreneurs in Dubai.

  • Dubai Investments Real Estate signs AED 1.1 billion financing deal with FAB and ADCB for Mirdif Hills

    Dubai Investments Real Estate Company LLC [DIRC] has signed an AED 1.1 billion financing deal with First Abu Dhabi Bank [FAB] and Abu Dhabi Commercial Bank [ADCB] for its much-anticipated Mirdif Hills development. Mirdif Hills is being developed by DIRC – the real estate development arm of Dubai Investments PJSC, the leading, diversified investments conglomerate listed on the Dubai Financial Market.

  • Dubai Land Department signs an agreement with Mashreq Bank for the ‘Tarweej’ Real Estate Promotion Initiative

    Dubai Land Department (DLD) announced that it has signed an agreement with Mashreq Bank concerning banking solutions for the transaction services of the ‘Tarweej’ real estate promotion initiative. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and His Excellency Abdul Aziz Al Ghurair, CEO of Mashreq Bank.

  • Dubai Land Department Signs an e-Mortgage Agreement with Dubai Islamic Bank

    Dubai Land Department (DLD) has signed an e-mortgage agreement with Dubai Islamic Bank (DIB), which was signed by His Excellency Juma Bin Humaidan, Deputy Director General of DLD, and His Excellency Mohammed Abdulla Al Nahdi, Deputy Chief Executive Officer of DIB.

  • DUBAI REALTOR ALLSOPP & ALLSOPP TIES UP WITH HSBC TO EXPAND THE AVAILABILITY OF HSBC MORTGAGES

    Allsopp & Allsopp Mortgage Services, the finance arm of Dubai's leading residential real estate firm, is delighted to announce its tie-up in UAE with HSBC Bank, one of the world’s leading international banks, to expand the availability of HSBC mortgages.

  • Dubai-Based Audacia Capital Confirm the €91M Real Estate Purchase of Two State-of-the-Art Headquarter Office Properties in The Netherlands, Pre-Leased Respectively to ASICS and Danone

    Dubai-based Audacia Capital (’Audacia’) working with advisor 90 North Real Estate Partners LLP (“90 North”) has completed the acquisition of two adjacent built-to-suit headquarter office properties now under construction in Hoofddorp, close to Schiphol Airport, The Netherlands.

  • Dynamics Inc., Global Banks, Payments Networks, and Telecommunications Carriers Unveil Wallet Card™

    Dynamics Inc., in conjunction with international banks, card issuers, payment networks, and telecommunication operators today unveiled Wallet Card™ -- the world’s first connected, secure payment card. The Consumer Technology Association (CTA) also recognized the Wallet Card and the Wallet Card Consortium members with four CES Innovation awards including the Best of Innovation Award for Security Technologies. It was an honoree for Computers, Embedded Technologies, and Technologies for a Better World. This marks the first time in history a payments consortium has been awarded the consumer electronics industry’s most prestigious award.

  • EastNets earns 2015 SWIFT Certified Application Alliance Monitoring and Application Alliance Operational Add-on Labels

    EastNets, a leading global provider of compliance and payments solutions for the financial services industry, has earned the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Certified Application Alliance Monitoring Add-on Label for en.Reporting 3.0, as well as the 2015 SWIFT Certified Application Alliance Operational Add-on Label for en.Duplicate Detection 3.1 and en.Recovery. The distinctions were awarded after EastNets successfully passed strict compliance checks and a meticulous skills evaluation process and throws the spotlight on three of the company’s outstanding financial data solutions.

  • Emirates Development Bank Launches Emirates Movable Collateral Registry Corporation EMCR

    Emirates Development Bank (EDB) launched the Emirates Movable Collateral Registry Corporation (EMCR), a pioneering registry system aimed at helping secure creditors' rights over movable collateral in the UAE.

  • Emirates Digital Wallet LLC in final development stage toward establishment, announces UBF

    The UAE Banks Federation (UBF) has announced that the establishment of Emirates Digital Wallet LLC, a company owned by 16 shareholding banks and fully sponsored by UBF, has reached its final development stage. The launch of Emirates Digital Wallet, previously Mobile Wallet project, is set to introduce a society-wide cash transformation to digital, and mark a major milestone in the country’s push towards a cashless future.

  • Emirates Institute for Banking and Financial Studies Opens Registrations for Specialised Programs for 2018-2019

    The Emirates Institute for Banking and Financial Studies (EIBFS) has announced that the registrations are now open for its specialised banking and finance focused training programs and courses for the academic year 2018-2019. These programs and courses have been designed in line with the demands of the banking and the finance sector in the UAE.

  • Emirates Institute for Banking and Financial Studies, Al Etihad Credit Bureau Partner to Boost Financial Literacy in UAE

    Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, signed a memorandum of understanding (MoU) with Al Etihad Credit Bureau (AECB) to promote financial literacy in the UAE.

  • EMIRATES NBD BACKS DUBAI SME TO BREATHE NEW LIFE INTO WATER SUSTAINABILITY

    One of the UAE’s biggest banks has signed up with a Dubai SME to provide four-year, interest-free payments for buyers of revolutionary machines which literally convert air into water.

  • EMIRATES NBD BECOMES KEY SPONSOR OF DUBAI SHOPPING FESTIVAL

    The Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), and the organisers of Dubai Shopping Festival, has announced that Emirates NBD, a leading bank in the region, has become a Key Sponsor of the ongoing 22nd edition of DSF.

  • Emirates NBD Capital Completes UAE’s First IPO in 2017

    Emirates NBD Capital Limited (EMCAP), the investment banking division of Emirates NBD PJSC, one of the largest banking groups in the Middle East by assets, has successfully completed its role in the landmark IPO of ENBD REIT, which admitted shares to trading on Nasdaq Dubai on 23rd March.

  • Emirates NBD Transforms its Digital Banking with Red Hat-Based Cloud, Winning 2019 Red Hat Innovation Award

    The world's leading provider of open source solutions, today announced that Emirates NBD, a leading banking group in the United Arab Emirates (UAE), has built a distributed private cloud platform with Red Hat’s hybrid cloud and application programming interface (API) technologies as part of its digital transformation strategy. Its platform provides a common foundation and access to cloud-native services for internal teams, improving integration, collaboration and speed of development. The Red Hat-based cloud helps enable Emirates NBD to better keep pace with its competition, to make banking more available, and to more dynamically offer modern, personalized services to customers. Emirates NBD received recognition for its innovative cloud platform as a winner in the 2019 Red Hat Innovation Awards, which recognize creative thinking, problem-solving and innovative uses of Red Hat technology.

  • Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

    In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko's fully customizable bots powers all DXP modules from Daily Banking and Personal Finance Management to Customer Relationship Management and Onboarding/Enrollment. DXP seamlessly integrates with any existing middleware via its microservice architecture, has a highly customizable User Interface and supports a wide range of digital touchpoints, including iOS & Android Smartphone/Tablets, Wearables, Responsive Web, ATM, Smart TV, Internet of Things and Virtual Reality headsets. The change is expected to transform the entire way banks interact digitally with their customers.

  • Fact Sheet - Saudi Arabia: Combating Terrorist Financing

    Terror networks thrive on illicit funding, often hiding behind charitable organizations. To combat this threat, Saudi Arabia has put in place one of the world's strictest financial control systems to prevent funds from going to support terrorism.