Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 12/05/2024

Saxo Bank Client Survey Reveals Saxo Bank has unveiled the results of its latest client survey, shedding light on investor sentiments and expectations concerning the financial markets for the second quarter of 2024. Despite the unpredictability of the global financial market, investors’

Banking Tech

$10,000 Prize Offered For Best AI Article

PR News Desk 28/04/2024

Contest Closes On August 20, 2024 Artificial Intelligence Journey – a major online conference in artificial intelligence (AI) technologies – has initiated a call for papers in AI and machine learning (ML), inviting researchers to compete for a $10,000 prize from Sberbank for the best article. The contest seeks to publish critical contributions in a special […]

Banking

Mano Bank’s Cybersecurity Strategy Pays Off

PR News Desk 27/04/2024

Bank Migrated To .Bank Domain In 2019 As the spectre of cyber threats looms, financial institutions globally are doubling on efforts to fortify their defences and safeguard sensitive financial data. Statistics paint a grim picture, with over 254 million records compromised in 2022 and a staggering 64% surge in ransomware attacks witnessed in 2023 compared […]

Banking News

Why You Need The Dubai First CashBack Card

News Editor 2 20/04/2024

The Credit Card Offers A Suite Of Features Amidst the fast-paced financial landscape of the United Arab Emirates (UAE), where discerning consumers seek the ultimate financial tools to optimise their spending, the Dubai First CashBack Card stands out as a compelling contender. Cash-back cards are a type of credit card that offers a percentage of […]

Banking Finance UAE

All About The Best Cash-Back Credit Cards In The UAE

News Editor 2 17/04/2024

Learn About The Key Features And More Cash-back credit cards can be particularly appealing to consumers in the UAE because they offer a straightforward way to save money on daily expenses. Moreover, consumers can enjoy the excitement of flexibility in redeeming and using their earnings, making them even more appealing. Driven by significant market size, […]

Banking

UAE SME Sector Is Buoyant, Despite Global Challenges

Arnold Pinto 06/04/2024

RAKBank Steps Up Assistance To Key Sector Small and medium-sized enterprises (SMEs) in the UAE have entered the second quarter of 2024 on a sound footing – registering remarkable growth and resilience – despite global economic challenges. This scenario was highlighted at a news conference in Dubai hosted by RAKBank. The meeting, which sought to […]

Banking Markets

Saxo Tracks Market Dynamics Amid Election Fever

PR News Desk 04/04/2024

Bank Unveils Its Q2 2024 Quarterly Outlook Saxo, a leading global financial institution, has released its Quarterly Outlook for Q2 2024. It offers valuable insights for investors seeking to navigate evolving market dynamics amid pivotal elections in several countries and shifting economic landscapes. With crucial elections shaping discussions worldwide, Saxo’s

Banking Finance

Saxo Bank announces $111 million net profit in 2023

PR News Desk 12/03/2024

Bank registers $136 billion in client assets Saxo Bank Group, a leading financial institution, has revealed its 2023 financial performance, reporting an adjusted net profit of $111 million, down from $121 million in 2022. Despite challenges like a $53 million software write-down and a $16 million impact from the Saxo Geely Tech Holding divestment, the […]

Banking Finance Space

CoreLogic Australia-ICEYE tie-up to aid financial industry

Arnold Pinto 15/02/2024

Advanced disaster response solution on offer CoreLogic Australia, a leading property analytics company, has signed an agreement with ICEYE, the world leader in persistent monitoring data and natural catastrophe insights, to introduce a cutting-edge disaster response solution tailored for the banking and finance sector. By amalgamating CoreLogic’s four decades of

Banking Business GCC

Saxo’s mega fees’ reduction of enormous benefit to investors

PR News Desk 23/01/2024

Danish bank crosses a million clients globally Saxo Bank – the online trading platform that connects investors and traders to global financial markets – has significantly reduced its fees in some of its main markets, with a worldwide rollout scheduled for the coming months. The Copenhagen-headquartered bank’s new move aims to incentivise its global and […]

Banking Business

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

PR News Desk 16/01/2024

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. As the repercussions of historically high real yields and […]

Banking Business GCC UAE

UAE Banks Federation committed to bolstering cybersecurity

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 14/09/2023

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

PR News Desk 14/09/2023

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

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

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