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Banking & Finance

Emirates NBD, DIFC launch ‘National Digital Talent Incubator’ programme

Arabiya Capital Staff -
The incubator programme will run two cohorts per annum, each consisting of three to six FinTech startups with UAE national founders and members
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Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

Arabiya Capital Staff -
The UAE central bank’s launch of Al Etihad Payments is aimed at implementing an innovative, interoperable, and enabling payments infrastructure
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Egyptian banks suspend debit card use in foreign currency

Arabiya Capital Staff -
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.
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BankDhofar, National Gas Company partner to advance digital payments

Arabiya Capital Staff -
The initiative seeks to bring the benefits of financial services to a wider segment of the population, including those without traditional bank accounts
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National Bank of Oman, Federal Bank of India partner to simplify money transfer

Arabiya Capital Staff -
The innovative service offers a fast, simple and secure way to transfer money, catering to the modern customer's need for convenience and efficiency
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Commercial Bank of Dubai commits to carbon neutral operations by 2030

Arabiya Capital Staff -
The commitment includes reducing greenhouse gas (GHG) emissions from the bank’s operations by 50% by 2030.
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Visa opens office in Egypt, plans to expand across NALP region

Arabiya Capital Staff -
With the new office, Visa aims to strengthen its ongoing talent acquisition strategy by attracting and retaining key talent.
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OFID allots $10 million to support food security in Egypt

Arabiya Capital Staff -
The facility will assist in the import of vital food and agricultural commodities.
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Islamic funds’ assets under management fall on rate rises

Arabiya Capital Staff -
The decline was driven by investor outflow mainly due to rising interest rates and financial market volatility.
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Bahrain issues new licenses to expand scope of family offices

Arabiya Capital Staff -
The regulations were developed to suit the business models of family offices that provide services to multiple wealthy families.
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