Thursday, September 17, 2026
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Banking & Finance

OAB unveils direct debit service for seamless payment automation

Arabiya Capital Staff -
The innovative service is part of the bank’s commitment to providing cutting-edge banking solutions, accessible 24/7 through electronic platforms and the mobile app
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Visa brings simplicity, convenience to booming subscription economy

Arabiya Capital Staff -
The new solution supports Visa’s ongoing efforts to increase transparency and control in the subscription economy
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aiBANK unveils a daily savings account with interest rates of up to 20%

Arabiya Capital Staff -
Customers who opt for the new savings account can earn a daily interest rate of up to 20%
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UAE’s du partners with Visa to debut innovative prepaid card

Arabiya Capital Staff -
The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions
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S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

Arabiya Capital Staff -
The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE
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Network leads launch of UAE domestic card scheme ‘Jaywan’

Arabiya Capital Staff -
The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers
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NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

Arabiya Capital Staff -
Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023
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Islamic banks assets increased by AED 86 billion over past 12 months

Arabiya Capital Staff -
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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State-backed digital bank Wio Bank’s annual profit reaches $544,588

Arabiya Capital Staff -
Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end
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Kuwait’s Burgan Bank signs core banking deal with TCS BaNCS to drive transformation

Arabiya Capital Staff -
The bank’s decision to deploy TCS BaNCS reflects its commitment to adopting the latest technology to enhance customer service and employee productivity
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