Abu Dhabi / WAM Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has entered into a Memorandum of Understanding (MoU) with Rakbank on Credit Guarantee and Co-lending programmes for SMEs in the UAE. Under the agreement, Rakbank can offer up to AED10 million financing to small and medium-sized enterprises (SMEs), and ...

Dubai / WAM Etihad Credit Insurance (ECI) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered into a strategic partnership to boost economic cooperation between the UAE and Kenya by stimulating international trade and investment flows, as well as supporting the business communities in the two countries during the post-pandemic era. The alliance was forged in the ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) has announced it partnered with Visa to introduce the UAE’s first biometric authentication solution for e-commerce transactions. The solution leverages Visa Consumer Authentication Service to deliver a significant improvement in customer experience and reinforced data security. Visa Consumer Authentication Service aims to enhance user experience, as well as mitigate security and ...