by Jennifer George | September 13, 2024 | Banking, Mergers & Acquisitions, News
Dubai-listed Mashreq Bank will sell a 65% stake in NeoPay, a key Mashreq subsidiary for IDFAA Payments Services LLC, to Arcapita Group Holdings Limited and Turkish fintech firm Dgpays S.A.R.L. The local lender is expected to enter a long-term shareholder arrangement...
by Priyanka Sharma | September 10, 2024 | Banking, Central Banks, Fintech, News
In what is being seen as a milestone in banking, the National Bank of Ras Al Khaimah has executed a cross-border Central Bank digital currency payment. RAKBANK has now become one of the first banks in the United Arab Emirates to execute such a transaction. The trade...
by Vasu Jit Kalia | September 9, 2024 | Banking, Central Banks
Bank of Sharjah priced a $ 500 million senior unsecured bond in the international markets. The issuance received tremendous response from international investors, attracting orders that peaked at $1.4 billion. The bonds have a tenor of five years from the date of...
by Jibran Munaf | September 8, 2024 | Central Banks, News
Dubai Police will now provide employees of the UAE Central Bank with the Esaad card, following a memorandum of cooperation signed between the two authorities. The agreement grants Central Bank employees and their families access to exclusive discounts across a wide...
by Vasu Jit Kalia | September 5, 2024 | Fintech
The Saudi Central Bank (SAMA) has announced an agreement with Samsung to launch Samsung Pay in Saudi Arabia during the fourth quarter of 2024. The agreement was signed at the inaugural 24 Fintech conference held in Riyadh. This strategic step is part of SAMA’s ongoing...
by Jibran Munaf | September 4, 2024 | Fintech
Global payments solution provider Checkout.com will highlight the transformative potential of advanced payment technologies in driving the growth of Saudi Arabia’s digital economy at the 24 Fintech conference, set to take place in Riyadh from September 3 to 5....