Banking Business

Saxo Bank: Central banks are poised for rate cuts in 2024

News Desk 1 16/01/2024 0

Dynamic investment landscape yet looms this year Deviating from the tightening stance observed in 2023, central banks are set to initiate rate cuts in 2024, signalling a shift in the global economic landscape, according to Saxo Bank’s newly released Q1 2024 Quarterly Outlook for global markets.

Banking Business GCC UAE

UAE Banks Federation committed to bolstering cybersecurity

News Desk 1 22/09/2023

UAE Banks Federation,  the sole representative and unified voice of UAE banks, has reiterated its commitment to supporting efforts that enhance secure and smooth banking experience, in particular, initiatives related to cybersecurity that constitute an essential shield against cyber threats This commitment follows the UAE Banks Federation’s participation in the 3rd

Banking Tech

KAL launches a new scalable solution for banks

News Desk 1 21/09/2023

The latest version of KTH (Kalignite Terminal Host), from world-leading ATM software company KAL, provides banks with a highly scalable solution for processing transactions. KTH is a host terminal handler that drives ATMs, kiosks and POS devices. It is also a robust and future-ready alternative to conventional host systems, suitable for networks of all sizes […]

Banking Events

Emirates NBD awards winners of its salary transfer campaign

News Desk 1 21/09/2023

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has announced the mega prize winners of its salary transfer campaign. The six-month promotion offered Emirates NBD customers the opportunity to win five mega prizes of AED100,000, five grand prizes of AED50,000 and 100 smartphones worth AED5,000 each. To […]

Banking GCC UAE

EDB participates in Ru’ya – Careers UAE Redefined 2023

News Desk 1 20/09/2023

Emirates Development Bank, the critical financial engine of UAE economic development and industrial advancement, participates in Ru’ya – Careers UAE Redefined 2023, the UAE’s leading recruitment and training exhibition for Emirati youth, to expose job seekers to various training and career opportunities.  The high-calibre event, taking place at the Dubai World Trade

Banking Finance

Emirates Development Bank launches solar energy financing initiative

News Desk 1 14/09/2023 0

AED100-million programme focuses on green energy solutions in the UAE Emirates Development Bank (EDB), the UAE’s development bank, has launched a new solar energy finance programme to support micro, small, and medium enterprises (MSMEs) across diverse sectors in the UAE. The programme will allocate AED100 million to hasten the adoption of green energy solutions, focusing

Banking Corporate

Saxo Bank concludes fintech JV sale to Geely Group

News Desk 1 14/09/2023 0

Danish bank will now focus on core markets and clients Copenhagen, Denmark-headquartered Saxo Bank has formalised the sale of Saxo Geely Tech Holding A/S (Saxo Fintech), a world-class fintech pioneer, to Geely Financials Denmark following the signing of relevant agreements. The divestment of Saxo Fintech shares marks the end of Saxo Bank’s ownership of the […]

Banking GCC UAE

Saxo Bank unveils new maternity and paternity leave policy for its UAE staff

Arnold Pinto 23/08/2023 0

Saxo Bank has introduced a comprehensive maternity and paternity leave policy for its UAE-based employees. The new policy went into effect on June 1, 2023, as part of the Copenhagen, Denmark-headquartered bank’s endeavour to create a progressive workplace for its UAE-based staffers and support their personal lives. The new maternity and paternity leave policy for […]

Banking GCC UAE

UAE banking sector steps up sustainable financing to meet global emission goals and support UAE growth

Arnold Pinto 23/08/2023 0

The vibrant UAE banking and financial sector is prioritising sustainable banking and financing solutions to buttress green ambitions while also supporting economic and social development in the Gulf state. This initiative is also in line with the UAE’s key strategy to reduce emissions and achieve climate neutrality by 2050, in adherence with the United