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In a major boost for UAE-based micro, small and medium enterprises (MSMEs), Emirates Development Bank (EDB) and RAKBANK have announced the launch of a co-financing partnership totalling AED 1bn (US$272m) to catalyse growth in national priority sectors. The landmark initiative...
#ADNEC Centre#Emirates Development Bank#Ministry of Industry and Advanced Technology
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), has launched a new…
#Dubai Financial Services Authority#Dubai International Financial Centre#financial services
Mastercard announced its collaboration with CredibleX to integrate its Small Business Credit Analytics (SBCA) platform into CredibleX’s integrated financing offering.…
#CredibleX#Hassan Reda#Mastercard
Deem Finance LLC (Deem), a specialised finance provider regulated by the UAE Central Bank, has entered into a pioneering asset-backed…
#Ahmed Khizer Khan#Deem Finance#J.P. Morgan
RAKBANK, one of the UAE's oldest banks, has announced a strategic partnership with Faturalab, a leading Turkey’s provider of smart…
#Faturalab#Rakbank#supply chain finance
Al Masraf (The Arab Bank for Investment and Foreign Trade) has signed a strategic partnership with Finneva Information Technologies LLC…
#Al Masraf#Finneva#scf
Invest Bank, one of UAE’s leading financial institutions, has onboarded Veefin Solutions, a leading provider of digital supply chain finance…
#Edris Al Rafi#Gautam Udani#Invest Bank
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has announced a partnership with Reem Finance, a leading UAE…
#export finance#trade credit insurance
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, and Ajman…
#Ajman Bank#EDB#sme finance
Mastercard and Fundbot, a UAE-based fintech firm specialising in supply chain financing (SCF), have announced a collaboration to accelerate business-to-business…
#B2B#days sales outstanding#Fundbot
Tuum, a next-generation core banking provider from Estonia, has launched its foundational Islamic Banking and Finance solutions, marking a significant…
#asset based lending#fintech#invoice finance
Magnati, a leading payment solutions provider, has partnered with RAKBANK, the UAE's largest SME bank, to launch an innovative merchant…
#account receivables#embedded finance#fintech
Emirates Development Bank (EDB) and Abu Dhabi Islamic Bank (ADIB) have partnered to support UAE's small and medium enterprises (SMEs)…
#ADIB#credit guarantee scheme#EDB