Oracle today announced that UAE-based RAKBANK (National Bank of Ras Al Khaimah) has selected Oracle Fusion Cloud Applications Suite to make its business processes seamless, efficient and fit to support the bank’s rapid growth
RAKBANK
RAKBANK has successfully completed its first Tier 2 security issuance, raising USD 250 million, the securities were issued with a maturity of 10.25 years and a non-call period of 5.25 years (10.25NC5.25), carrying a coupon rate of 5.875%. The issuance was met with a very strong investor demand, being oversubscribed by 4 times with peak […]
Introducing Protego, the game-changing insurance aggregator platform that’s here to revolutionize how you navigate insurance in the UAE. Supported by RAKBANK, Protego is now live as a fully operational subsidiary, poised to transform the way UAE residents buy, manage, and claim their insurance policies. Protego streamlines the entire insurance process,
RAKBANK, a prominent financial institution in the United Arab Emirates, today announced that it has collaborated with Wipro Limited, a leading technology services and consulting company, to establish a Testing Center of Excellence (TCoE) designed to accelerate innovation and enhance the quality and efficiency of the bank’s digital services. Under this partnership, Wipro
RAKBANK is pleased to announce the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. Given the very strong demand and investor interest, it was oversubscribed by more than 3X allowing us to upsize the issue to USD 600MM and tighten the pricing by 35bps to USTs + 135bps. The […]
RAKBANK and Microsoft, as part of their ongoing collaboration, will be leveraging the power of artificial intelligence (AI) to transform various facets of operations at the bank. The intent was formalized through a memorandum of understanding (MoU) signed by Raheel Ahmed, Group CEO of RAKBANK, and Naim Yazbeck, General Manager of Microsoft UAE, at the […]
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 […]
RAKBANK today launched its inaugural SME Confidence Index report in collaboration with independent research company RFI Global. Among the headline findings of the report is that the Small & Medium Enterprise (SME) sector in the United Arab Emirates has successfully moved from a stage of resilience to prosperity after the Covid-19 pandemic, with two in […]
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Dubai, AE
5:31 am,
February 12, 2025
20°C
clear sky
