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Emirates NBD joins Dubai FinTech Summit as the Premium Banking Partner

Retrieved on:

Wednesday, February 21, 2024

Emirates, Emirates NBD, Growth, DFS, Translation, Ecosystem, MENAT, Partnership, Drug

DUBAI, Feb 22, 2024 - (ACN Newswire) - Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkiye) region, joins the Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), as a Premium Banking Partner, underscoring its dedication to drive innovation and excellence in the financial sector.

Key Points:

DUBAI, Feb 22, 2024 - (ACN Newswire) - Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkiye) region, joins the Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), as a Premium Banking Partner, underscoring its dedication to drive innovation and excellence in the financial sector.
Mohammad Alblooshi, Chief Executive Officer at DIFC innovation Hub, said: "We are delighted to welcome Emirates NBD as a Premium Banking Partner for Dubai FinTech Summit 2024.
Marwan Hadi, Group Head of Retail Banking & Wealth Management at Emirates NBD, said: "We are pleased to announce Emirates NBD as the Premium Banking Partner for the Dubai FinTech Summit.
Dubai Fintech Summit 2024 will see an unprecedented gathering of more than 8,000 decision-makers, more than 300 thought leaders and more than 200 exhibitors showcasing cutting-edge technologies.

Biz2X Launches Frontiers of Digital Finance Executive Event Series in the Middle East, Announces Riyadh Edition for Spring 2024

Retrieved on:

Thursday, December 21, 2023

Biz2X has brought the internationally-acclaimed Frontiers of Digital Finance (FDF) event to Abu Dhabi.

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Biz2X has brought the internationally-acclaimed Frontiers of Digital Finance (FDF) event to Abu Dhabi.
Embracing the visionary theme, "Finance in 2030: How AI-Enabled Finance Will Propel Innovation, Entrepreneurship, and Shape the New Economy," the first Middle East event in the FDF conference series was a showcase of cutting-edge perspectives on the future of digital finance.
View the full release here: https://www.businesswire.com/news/home/20231221236454/en/
Biz2X Launches Frontiers of Digital Finance Executive Event Series in the Middle East, Announces Riyadh Edition for Spring 2024 (Photo: Business Wire)
Hosted with support from Biz2X partners DLA Piper , King & Spalding , ADGM , AWS , and the U.S. U.A.E.
Rohit Arora, CEO and Co-founder of Biz2X, said, “Our expansion into the Middle East is a strategic leap towards the future where finance and technology converge.

CQUR Bank selects Finastra to enhance its digital transaction banking offering for international corporate clients

Retrieved on:

Thursday, November 2, 2023

Growth, Corporation, GCC, MENAT, Cryptocurrency, Finastra

DUBAI, UAE, Nov. 2, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, announces that CQUR Bank, an international corporate bank, has partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra's market-leading solutions, Trade Innovation and Corporate Channels, CQUR Bank will offer its corporate clients a new online banking portal for a seamless user experience, introduce new digital workflows and provide host-to-host integration solutions.

Key Points:

With Finastra's Trade Innovation and Corporate Channels solutions, CQUR Bank will streamline trade finance services and offer enhanced digital banking to strengthen customer relationships
DUBAI, UAE, Nov. 2, 2023 /PRNewswire/ -- Finastra , a global provider of financial software applications and marketplaces, announces that CQUR Bank , an international corporate bank, has partnered with Finastra to deliver on its technology strategy.
With the implementation of Finastra's market-leading solutions, Trade Innovation and Corporate Channels , CQUR Bank will offer its corporate clients a new online banking portal for a seamless user experience, introduce new digital workflows and provide host-to-host integration solutions.
Corporate Channels is a digital banking platform that provides CQUR Bank with a single, intuitive portal to unify trade, cash, supply-chain finance, lending and treasury services for its corporate clients.
"CQUR Bank has extensive expertise in financial services and in empowering international trade," said Kamal El Khoury, Managing Director, MENAT Lending at Finastra.

CQUR Bank selects Finastra to enhance its digital transaction banking offering for international corporate clients

Retrieved on:

Thursday, November 2, 2023

Growth, Corporation, GCC, MENAT, Cryptocurrency, Finastra

DUBAI, UAE, Nov. 2, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, announces that CQUR Bank, an international corporate bank, has partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra's market-leading solutions, Trade Innovation and Corporate Channels, CQUR Bank will offer its corporate clients a new online banking portal for a seamless user experience, introduce new digital workflows and provide host-to-host integration solutions.

Key Points:

With Finastra's Trade Innovation and Corporate Channels solutions, CQUR Bank will streamline trade finance services and offer enhanced digital banking to strengthen customer relationships
DUBAI, UAE, Nov. 2, 2023 /PRNewswire/ -- Finastra , a global provider of financial software applications and marketplaces, announces that CQUR Bank , an international corporate bank, has partnered with Finastra to deliver on its technology strategy.
With the implementation of Finastra's market-leading solutions, Trade Innovation and Corporate Channels , CQUR Bank will offer its corporate clients a new online banking portal for a seamless user experience, introduce new digital workflows and provide host-to-host integration solutions.
Corporate Channels is a digital banking platform that provides CQUR Bank with a single, intuitive portal to unify trade, cash, supply-chain finance, lending and treasury services for its corporate clients.
"CQUR Bank has extensive expertise in financial services and in empowering international trade," said Kamal El Khoury, Managing Director, MENAT Lending at Finastra.

Triterras Announces the Addition of Two New Hires to Serve a Growing Pipeline of Funding Opportunities

Retrieved on:

Tuesday, September 26, 2023

Marina Golubeva and Ali Rakib will engage with institutional investors who are interested in deploying capital for cross-border trade finance opportunities.

Key Points:

Marina Golubeva and Ali Rakib will engage with institutional investors who are interested in deploying capital for cross-border trade finance opportunities.
Prior to Triterras, Ms. Golubeva worked in trade and structured finance for BTA Bank, Nordea Bank and Credit Europe Bank.
He is based in Dubai and will be growing Triterras’ network of institutional investors from the Emirates, Europe and beyond.
I am delighted to welcome them both as Triterras continues to deepen our bench for origination-to-distribution capabilities and serve a growing pipeline of trade and supply chain finance lending opportunities,” said Srinivas Koneru, Chairman and CEO at Triterras.

Abdul Latif Jameel Teams Up With AWS to Power Its Digital Transformation and Signs Renewable Energy Agreement With Amazon

Retrieved on:

Tuesday, September 19, 2023

In addition to its agreement with AWS, Fotowatio Renewable Ventures (FRV) , part of Abdul Latif Jameel Global Energy and Environment Holding Company Limited (“ Abdul Latif Jameel Energy ”), will provide clean energy capacity to power Amazon’s operations.

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In addition to its agreement with AWS, Fotowatio Renewable Ventures (FRV) , part of Abdul Latif Jameel Global Energy and Environment Holding Company Limited (“ Abdul Latif Jameel Energy ”), will provide clean energy capacity to power Amazon’s operations.
Abdul Latif Jameel is building a companywide analytics, machine learning, and generative artificial intelligence (generative AI) program, powered by AWS, to rapidly develop and introduce new applications across a wide range of industries.
In a second agreement with Amazon, Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy , will provide renewable energy from five solar projects in Spain to power Amazon’s operations.
“Abdul Latif Jameel is undergoing a digital transformation that will help advance a long-term sustainable future,” said Mo Chaara, chief information and digital officer at Abdul Latif Jameel.

Aramex Malaysia and Global Systémes Asia sign an MoU to accelerate logistics expansion in Asia Pacific

Retrieved on:

Friday, June 30, 2023

GSA, GCC, Langkawi International Maritime and Aerospace Exhibition, LIMA, Aviation, Oil, International Association of Oil & Gas Producers, MENAT, Aramex, Mining, Memorandum of understanding, City, Aircraft maintenance, Gulf Cooperation Council, Transport, Maintenance, MRO, Automation, Airline

LANGKAWI, Malaysia, June 30, 2023 (GLOBE NEWSWIRE) -- Aramex, a leading global provider of comprehensive logistics and transportation solutions; and Global Systémes Asia (GSA), one of Malaysia's premier holding companies, have signed a Memorandum of Understanding (MoU) aimed at unlocking vast opportunities in the logistics industry across Asia Pacific.

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LANGKAWI, Malaysia, June 30, 2023 (GLOBE NEWSWIRE) -- Aramex, a leading global provider of comprehensive logistics and transportation solutions; and Global Systémes Asia (GSA), one of Malaysia's premier holding companies, have signed a Memorandum of Understanding (MoU) aimed at unlocking vast opportunities in the logistics industry across Asia Pacific.
The MoU was signed during the 16th Edition of the Langkawi International Maritime and Aerospace Exhibition (LIMA 2023), held recently in Langkawi, Malaysia, by Dato’ Nonee Ashirin, Chairman of GSA and Samer Hajjar, Vice President – South Asia at Aramex.
It signifies a momentous milestone for both Aramex Malaysia and GSA and focuses on two key areas: (1) evaluating the appointment of Aramex Malaysia as GSA's preferred logistics solution provider, and (2) the potential joint promotion of Aramex's innovative express and logistics services by GSA as a representative covering Asia Pacific and the Middle East.
It also embodies a shared vision of excellence and capitalizes on the burgeoning opportunities to further fuel economic growth and reshape the logistics landscape in Asia Pacific and beyond.

Akastor ASA: First Quarter Results 2023

Retrieved on:

Thursday, April 27, 2023

Return on capital employed, AGR, ERP, MENAT, USD, Sale, HMH, EBITDA, Digital technology, ABL, Growth, Weather, Odfjell Drilling, NOK, Airline, Pharmaceutical industry, Video game

The transaction creates a stronger company and provides Akastor with more flexibility and increased liquidity as shareholders in ABL.

Key Points:

The transaction creates a stronger company and provides Akastor with more flexibility and increased liquidity as shareholders in ABL.
HMH reported revenues of USD 186 million in the quarter, with an adjusted EBITDA of USD 19 million, corresponding to an EBITDA margin of approximately 10 percent.
Revenues from Aftermarket Services were USD 123 million in the quarter, a strong increase compared to first quarter last year driven by improved order intake in 2022.
Second Quarter and Half-Yearly Results 2023: July 13, 2023

Akastor ASA: First Quarter Results 2023

Retrieved on:

Thursday, April 27, 2023

Return on capital employed, AGR, ERP, MENAT, USD, Sale, HMH, EBITDA, Digital technology, ABL, Growth, Weather, Odfjell Drilling, NOK, Airline, Pharmaceutical industry, Video game

The transaction creates a stronger company and provides Akastor with more flexibility and increased liquidity as shareholders in ABL.

Key Points:

The transaction creates a stronger company and provides Akastor with more flexibility and increased liquidity as shareholders in ABL.
HMH reported revenues of USD 186 million in the quarter, with an adjusted EBITDA of USD 19 million, corresponding to an EBITDA margin of approximately 10 percent.
Revenues from Aftermarket Services were USD 123 million in the quarter, a strong increase compared to first quarter last year driven by improved order intake in 2022.
Second Quarter and Half-Yearly Results 2023: July 13, 2023

Capital Bank goes live with Finastra to support strong growth in corporate banking business

Retrieved on:

Thursday, April 13, 2023

Treasury, IBC, Capital Bank, MENAT, Corporation, Growth, Finastra, Cryptocurrency

DUBAI, UAE and LONDON, April 13, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, today announced that Capital Bank, a leading financial institution with commercial and investment banking expertise, has gone live with Finastra's Corporate Channels and will soon follow with Trade Innovation as well as other Corporate Channels modules. The combined offering will help to streamline banking services for corporates in Jordan, Iraq and Saudi Arabia. Once fully implemented, the solutions will enable the bank to digitalize manual tasks, process lending operations quicker and at a lower cost, and offer its customers a single platform for all corporate features. IBC Consult, a provider of banking services in the MENA region, is handling the implementation of the solutions.

Key Points:

IBC Consult, a provider of banking services in the MENA region, is handling the implementation of the solutions.
"Capital Bank reported strong growth in financial performance in 2022, up by 49% from the previous year," said Yasser Kleib, Group Chief Institutional Banking Officer at Capital Bank.
"The success of our corporate banking business is critical for our bottom line, and we needed solutions that support our growth and enhance how we serve our customers."
Corporate Channels is a digital banking platform that delivers a single, intuitive portal to unify trade, cash, supply chain finance, lending, and treasury services for corporate clients.