FAB

ASEAN-China Youth Cultural Exchange Dialogue draws to successful close in SE China's Fuzhou

Retrieved on: 
Thursday, February 8, 2024

Fuzhou, China, Feb 8, 2024 - (ACN Newswire) - Under the theme of "Diverse Perspectives for a Shared Future", ASEAN-China Youth Cultural Exchange Dialogue came to a successful close in Fuzhou, southeast China's Fujian Province on Feb. 2.

Key Points: 
  • Fuzhou, China, Feb 8, 2024 - (ACN Newswire) - Under the theme of "Diverse Perspectives for a Shared Future", ASEAN-China Youth Cultural Exchange Dialogue came to a successful close in Fuzhou, southeast China's Fujian Province on Feb. 2.
  • The event was hosted by China Public Diplomacy Association (CPDA) and co-organized by Fujian Youth Federation, with Global Times Online as its media partner.
  • "I believe this dialogue will facilitate beneficial exchanges to deepen mutual understanding and spark innovative thinking.
  • Nelyo Isaac Sarmento mentioned the strategic significance of youth exchanges between China and ASEAN countries.

FAB&T Sets Industry Standard with High-Yield Checking Account Product, Featuring Record Balance Cap of $100K

Retrieved on: 
Monday, February 5, 2024

FAB&T, a leading financial institution committed to innovation and customer satisfaction, today announced nationwide availability of its Prime Checking account.

Key Points: 
  • FAB&T, a leading financial institution committed to innovation and customer satisfaction, today announced nationwide availability of its Prime Checking account.
  • This groundbreaking account combines the ease of a traditional checking account with unparalleled benefits, setting a new standard in interest-bearing checking.
  • Notably, FAB&T’s checking account features a balance cap of $100,000 compared to the industry average of only $30,000, more than tripling other limits.
  • Key features of FAB&T’s Prime Checking Account product include:
    Competitive Interest Rates: Prime Checking offers a remarkable 4.75% Annual Percentage Yield (APY)* on balances up to $100,000.

ACX Celebrates Successful Inaugural Trade of SYLVERA 'A' Nature Tonne (SAN) Contract with First Abu Dhabi Bank in ADGM, Abu Dhabi

Retrieved on: 
Wednesday, January 31, 2024

The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.

Key Points: 
  • The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.
  • This successful trade validates the relevance of such instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem.
  • This inaugural ACX SAN contract is one such, validating the relevance of financial instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem."
  • This successful inaugural trade sets the stage for increased adoption and liquidity in the emerging market for environmental derivatives.

ACX Celebrates Successful Inaugural Trade of SYLVERA 'A' Nature Tonne (SAN) Contract with First Abu Dhabi Bank in ADGM, Abu Dhabi

Retrieved on: 
Wednesday, January 31, 2024

The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.

Key Points: 
  • The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets.
  • This successful trade validates the relevance of such instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem.
  • This inaugural ACX SAN contract is one such, validating the relevance of financial instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem."
  • This successful inaugural trade sets the stage for increased adoption and liquidity in the emerging market for environmental derivatives.

FAB, Halo Investing sign MoU to advance Structured Notes business

Retrieved on: 
Tuesday, November 28, 2023

Structured notes, a popular financial product among investors seeking customized risk-reward profiles, have experienced a surge in demand in recent years.

Key Points: 
  • Structured notes, a popular financial product among investors seeking customized risk-reward profiles, have experienced a surge in demand in recent years.
  • Halo's cutting-edge technology streamlines the investment process for structured notes, providing investors with access to a wide range of structured products while enabling financial institutions to optimize their offerings.
  • By leveraging our cutting-edge technology, FAB is poised to reshape the landscape of structured notes in the global financial markets."
  • We eagerly anticipate the potential outcomes of this partnership and look forward to working in tandem with HALO to instigate positive transformations in our structured notes offering.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance by 2030, Increasing Sustainable Commitment by 80%

Retrieved on: 
Tuesday, December 5, 2023

The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.

Key Points: 
  • The new target, an 80 per cent increase over FAB's 2021 commitment of AED275.4 billion, (USD75 billion) represents the largest sustainable finance commitment made by any MENA bank to date.
  • The expansion underscores FAB's commitment to be a key enabler of the regional sustainable finance agenda and its responsiveness to shifting customer and community priorities.
  • In setting even more ambitious sustainable finance targets by 2030, we are expanding our commitment.
  • Since 2021, it has facilitated over AED100 billion (USD27 billion) as of September-end 2023 in sustainable projects towards renewable energy, clean transportation, green buildings and social projects.

ETHARA UNVEILS NEW KEY EVENT SUPPORTERS FOR THE FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023

Retrieved on: 
Saturday, November 25, 2023

ABU DHABI, UAE, Nov. 25, 2023 /PRNewswire/ -- Ethara has joined forces with new key event supporters Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala to help deliver the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023 – the biggest sport and entertainment weekend in the region.

Key Points: 
  • Ethara adds Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala as official event supporters for the 2023 Abu Dhabi Grand Prix
    ABU DHABI, UAE, Nov. 25, 2023 /PRNewswire/ -- Ethara has joined forces with new key event supporters Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala to help deliver the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023 – the biggest sport and entertainment weekend in the region.
  • Saif Rashid Al Noaimi, CEO of Ethara, said: "We are thrilled to have Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala join as Event Supporters for our milestone 15th edition of the Abu Dhabi Grand Prix.
  • Mohammed Almheiri, Senior Head – Emirati Segment, Abu Dhabi Commercial Bank, said: "ADCB is proud of its longstanding partnership with the Formula 1 Etihad Airways Abu Dhabi Grand Prix, which has firmly established itself as a world-class global event.
  • Tracy Faulkner, Group Chief Communications & External Relations Officer, First Abu Dhabi Bank, commented: "We are delighted to partner with Formula 1 Etihad Airways Abu Dhabi Prix and to take our support of this event to the next level.

ETHARA UNVEILS NEW KEY EVENT SUPPORTERS FOR THE FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023

Retrieved on: 
Saturday, November 25, 2023

ABU DHABI, UAE, Nov. 25, 2023 /PRNewswire/ -- Ethara has joined forces with new key event supporters Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala to help deliver the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023 – the biggest sport and entertainment weekend in the region.

Key Points: 
  • Ethara adds Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala as official event supporters for the 2023 Abu Dhabi Grand Prix
    ABU DHABI, UAE, Nov. 25, 2023 /PRNewswire/ -- Ethara has joined forces with new key event supporters Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala to help deliver the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2023 – the biggest sport and entertainment weekend in the region.
  • Saif Rashid Al Noaimi, CEO of Ethara, said: "We are thrilled to have Abu Dhabi Commercial Bank, First Abu Dhabi Bank and Mubadala join as Event Supporters for our milestone 15th edition of the Abu Dhabi Grand Prix.
  • Mohammed Almheiri, Senior Head – Emirati Segment, Abu Dhabi Commercial Bank, said: "ADCB is proud of its longstanding partnership with the Formula 1 Etihad Airways Abu Dhabi Grand Prix, which has firmly established itself as a world-class global event.
  • Tracy Faulkner, Group Chief Communications & External Relations Officer, First Abu Dhabi Bank, commented: "We are delighted to partner with Formula 1 Etihad Airways Abu Dhabi Prix and to take our support of this event to the next level.

As Countdown for COP28 Gets Underway, Carbon Trading Goes Live in Abu Dhabi

Retrieved on: 
Thursday, October 26, 2023

ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.

Key Points: 
  • ABU DHABI, UAE, Oct 26, 2023 - (ACN Newswire) - ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live.
  • ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi's global tech ecosystem.
  • The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.
  • Sameh Al Qubaisi, Group Head of Global Markets at First Abu Dhabi Bank, said, "We are delighted to execute the first trade on ACX Abu Dhabi.