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Banking and Finance

Banking and Finance latest

RAKBANK and Network International Complete Merchant Acquiring Transaction in the UAE
March 26th, 2026 - 12:50 GMT

RAKBANK and Network International Complete Merchant Acquiring Transaction in the UAE

Further to the announcement made on 28 November 2025 regarding the strategic partnership between RAKBANK and Network International (Network), the transaction has now successfully closed following all required approvals from the Central Bank of the UAE. As part of the partnership, Network will provide its state-of-the-art payment solutions to serve RAKBANK’s customers across SMEs and large corporates, furthering strengthening its position in the region’s rapidly growing payments and fintech ecosystem. Network will also offer innovative value-added services, reinforcing the commitment to empower the SME ecosystem and support the UAE’s Digital ...
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The kingdom that exports 7.0 million barrels per day on average will see oil revenues fall by 35 percent to $171.8 billion in 2015,
April 12th, 2015 - 03:55 GMT

The time has come: Saudi Arabia to borrow to finance soaring deficit

Mashreq
April 9th, 2015 - 11:22 GMT

Mashreq named Best Retail Bank in UAE and Qatar 2015 for outstanding customer service and innovation

Al Bawaba
April 9th, 2015 - 08:56 GMT

Arab Bank loses US retrial bid in longstanding Hamas financing case

Sanctions on Iran will only be lifted after a final deal is brokered, which the six powers and Iran aim to reach by June 30. (Image: File photo)
April 8th, 2015 - 01:29 GMT

EU reinstates sanctions on Iranian bank and 32 shipping companies

Al Bawaba
April 8th, 2015 - 06:20 GMT

Jordan acquires $100m soft loan from Kuwaiti fund

During the Sixth Ordinary Session of the Council of Arab Ministers of Finance
April 8th, 2015 - 04:33 GMT

HE Obaid Humaid Al Tayer participates in the Sixth Ordinary Session of the Council of Arab Ministers of Finance in Kuwait

Al Bawaba
April 7th, 2015 - 10:27 GMT

NBF Capital raises AED 1 billion for Pacific Control Systems

Al Bawaba
April 6th, 2015 - 11:24 GMT

HE Obaid Humaid Al Tayer to participate in the meeting of the governors of Arab Group at the IMF and meet with the Executive Director

During the event
April 6th, 2015 - 08:34 GMT

Three year old Emirati girl wins AED 1 million with Emirates Islamic’s Kunooz Savings Account

Egypt's escalating military involvement in the Yemen conflict has had a negative impact on investor's confidence. (Image: file photo)
April 6th, 2015 - 07:58 GMT

Egyptian stocks plummet as Yemen confict deepens

The UAE PMI dipped to a 17-month low of 56.3 in March, down from 58.1 in February. (Image: file photo)
April 6th, 2015 - 06:51 GMT

UAE’s non-oil expansion cools further as PMI slips

Al Bawaba
April 5th, 2015 - 11:18 GMT

UAE sweetens flotation regulations to attract more investment

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