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FAB, Magnati collaborate with Geidea to accelerate digital payments in Saudi

ABU DHABI / WAM First Abu Dhabi Bank (FAB) and Magnati have joined forces in a strategic alliance with Geidea, Saudi Arabia’s largest fintech company, to provide digital payment acceptance services for businesses in the Kingdom. The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the ...

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ERC, DIB to provide homes to flood victims in Pakistan

ABU DHABI / WAM The Emirates Red Crescent (ERC) and the Dubai Islamic Bank (DIB) have signed a collaborative agreement to construct homes for those affected by the floods that hit Sindh Province in Pakistan. As per the agreement, the bank will allocate AED5 million to fund the construction of homes, while the ERC will oversee the project. The agreement ...

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Abu Dhabi Maritime launches Marina Awards

ABU DHABI / WAM Abu Dhabi Maritime, part of AD Ports Group, in collaboration with the Department of Municipalities and Transport (DMT), has announced that entries can now be submitted to the inaugural “Abu Dhabi Maritime Awards (Marinas Edition)”. This brand-new awards programme aims to recognise excellence and success across leading marina facilities in the region. Moreover, the awards will ...

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UAE government partners with Mastercard to accelerate adoption of artificial intelligence

DUBAI / WAM The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office, and Mastercard on Thursday signed a memorandum of understanding (MoU) to increase artificial intelligence (AI) capabilities and readiness in the region. With AI playing an increasingly transformational role across society, an initial focus of the partnership will be dedicated to battling financial crime, securing the digital ...

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UAE President congratulates Indian Prime Minister on successful Chandrayaan-3 Lunar landing

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call with Narendra Modi, Prime Minister of the Republic of India, during which His Highness congratulated him on the successful landing of the Chandrayaan-3 spacecraft on the Moon. His Highness also extended his congratulations to the people of India for this momentous scientific achievement, emphasising that ...

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Ministry, Bayt.com sign pact to enhance talent retention in UAE

ABU DHABI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has signed a memorandum of understanding (MoU) with Bayt.com, one of the leading job search and recruitment platforms in the region. The MoU aims to enhance the retention of competent global talent working in the UAE labour market. According to the ministry, the MoU was signed by Khalil ...

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COP28 UAE Presidency unveils priorities to drive water up climate agenda

STOCKHOLM / WAM The COP28 UAE Presidency has launched its Water Agenda during World Water Week in Stockholm, which took place from August 20-24. COP28 announced its top priority areas, which include conserving and restoring freshwater ecosystems, enhancing urban water resilience, and bolstering water-resilient food systems. Furthermore, the COP28 Presidency announced a partnership with the Netherlands and Tajikistan to serve ...

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Sheraa, Wio Bank sign pact  to empower Sharjah start-ups

SHARJAH / WAM Sharjah Entrepreneurship Centre (Sheraa) has signed a memorandum of understanding (MoU) with Wio Bank, the region’s first platform bank, to empower ecosystem players with Wio platform that is built to reboot banking for the new digital age. The agreement comes within the framework of Sheraa’s vision on the importance of robust, reliable and reputable financial services management ...

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