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GMS secures deal to refinance bank debtAbu Dhabi-base Gulf Marine Services, (GMS), a leading provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, said it has reached an agreement with three banks to refinance its current ban More… |
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First Abu Dhabi Bank, Microsoft to launch ‘AI Innovation Hub’First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership that they said will lead to the launch of an ‘AI Innovation Hub’ for financial services, More… |
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GCC to outperform global economy in 2024, says reportThe economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: &ls More… |
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GCC to outperform global economy in 2024, says reportThe economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: &ls More… |
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Tabreed secures $163m debut green revolving credit facilityTabreed, a leading district cooling company in the UAE, has announced the successful closure of its inaugural AED600 million ($163.4 million) green revolving credit facility. A five-year agreement was signed by More… |
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Tabreed secures $163m debut green revolving credit facilityTabreed, a leading district cooling company in the UAE, has announced the successful closure of its inaugural AED600 million ($163.4 million) green revolving credit facility. A five-year agreement was signed by More… |
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First Abu Dhabi Bank introduces SlicePay BNPL card in UAEFirst Abu Dhabi Bank (FAB) has entered a strategic partnership with Mastercard to launch the SlicePay card under its Dubai First trademark in the UAE, marking the debut of the Mastercard Installments Program in the Eastern Europe, Middle East More… |
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FAB issues region's largest USD tier 2 conventional bondFirst Abu Dhabi Bank (FAB), UAE's largest bank and one of the world's largest and strongest financial institutions, recently issued its inaugural USD Tier 2 capital securities. The $1 billion 10.5NC5.5- More… |
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FAB, Magnati tie up with Geidea to boost Saudi digital paymentsFirst Abu Dhabi Bank (FAB) and Magnati, a pioneering company specialising in digital payment solutions, have signed a strategic alliance with Geidea, Saudi Arabia's largest fintech company, to provide digital payment acceptance services fo More… |
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FAB shareholders approve $1.6bn cash dividends for 2022First Abu Dhabi Bank (FAB) has announced that its shareholders have approved the distribution of 52% cash dividends worth AED5.74 billion ($1.6 billion) for the financial year ended December 31, 2022 at its General Assembly Meeting (GAM) held More… |
