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Rakbank

EDB and RAKBANK unveil landmark AED 1bn MSME fund

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

RAKBANK and Faturalab partner to transform supply chain finance...

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


RAKBANK selects Newgen software to power SCF

Newgen Software, a global provider of low code digital transformation platform, announced that RAKBANK, a leading financial institution in the…

#digitalisation#digitisation#Newgen Software


RAKBANK and ADGM announce new partnership

RAKBANK and Abu Dhabi Global Market (ADGM), the international financial centre of the capital of the UAE, have signed a…

#Rakbank#supply chain finance


RAKBANK renews partnership with invoice finance fintech

The National Bank of Ras Al Khaimah (RAKBANK) has announced the renewal of its partnership with... (more…)

#Invoice Bazaar#Rakbank


RAKBANK arranges AED125m (US$34m) financing to UAE commercial finance...

RAKBANK has announced the arrangement of a AED 125m (US$34m) credit facility to... (more…)

#bank#commercial finance#commercial financing

Dubai SME to enable SME asset-based financing

Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, has led efforts to develop the SME…

#interest#interest rates#memorandum of understanding

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