Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions
Banking & Finance
Al Ansari Exchange
UAE’s Al Ansari Exchange, BILRS partner to expand global bill payment services
The facility will be made available through Al Ansari Exchange’s extensive branch network across India, Pakistan, Philippines, Egypt, and more
Fitch Ratings
Saudi bank profits hit $21.3bn in 2024 amid fast growth and low risk
Net income at Saudi banks passed $5.7bn last year, according to Fitch Ratings
climate change
IMF approves $2.5bn in funding for Egypt, backs climate finance initiative
Fund cites “mixed progress” on reforms as Egypt faces Red Sea disruptions costing $6bn in Suez Canal revenue while struggling with high debt and fiscal challenges
Russia-Ukraine conflict
Russia-Ukraine ceasefire would have limited impact on UAE banks, S&P says
UAE banks to maintain strong asset quality with central bank rule changes boosting loan coverage ratios, already near 100%
Bitcoin
Bitcoin price projected to crash to $70,000 as crypto market’s Trump optimism wanes
The ongoing trade tariff war, discussions of stagflation, and the rush to safe havens are also turning investors away from the crypto market
CBUAE
How to get ultra-rare new AED100 coin in the UAE
Central Bank of the UAE releases limited edition AED100 coin
Al Etihad Payments
Al Etihad Payments, Visa launch new Jaywan-Visa cards in UAE
The partnership supports the UAE’s plans to transition towards a digital economy
Corporate tax
UAE urges taxpayers to submit registrations this month to avoid fines
UAE authorities advise Corporate Tax payers to submit registrations this month
Saudi SMEs
Saudi Arabia’s SME Bank supports businesses with $64m crowd-funding finance support
Saudi Arabia is supporting SMEs with access to crowd-funded finance
Abu Dhabi Islamic Bank
Top Dubai real estate investments, developers and financing revealed; DIFC hedge fund seeks interns; Pfizer antibiotics update – 10 things you missed this week
Dubai real estate price analysis, traffic fines explained, game-changing property finance and more top stories this week
deem finance
Deem Finance, J.P. Morgan ink $400mn securitisation deal to boost UAE lending
The collaboration will enable Deem to diversify its funding sources
carbon emission
Tabreed raises $700mn in oversubscribed green sukuk debut
The new sukuk will be listed and traded on the London Stock Exchange’s international securities market
banking industry
Mastercard, Mashreq partner to launch digital bank in Pakistan, boosting financial inclusion
New partnership aims to drive financial inclusion, innovation, and sustainable growth in Pakistan’s digital economy
digital payments
Emirates NBD, Visa introduce mobile payment solution for UAE businesses
The new card is tailored to provide an easy and secure way to manage expenses
saudi tax
Saudi Arabia waives tax fines until end of June
Saudi Arabia has waived tax fines and penalties until the end of June
BNPL
Saudi Arabia licenses Tamara Finance to provide buy-now-pay-later services
Saudi Arabia has licensed 65 companies to provide financial services
