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UAE launches supply chain finance program worth USD 1.6 bln

News | E-invoicing, SCF & E-procurement | 18 Jan 2021

Abu Dhabi Department of Finance has launched a supply chain financing initiative worth USD 1.6 billion to increase liquidity for small and medium-sized enterprises (SMEs).

Abu Dhabi, SCF, trade finance, SMEs, finances, COVID-19, First Abu Dhabi Bank, guarantee

Hub71 teams up with two UAE banks

News | E-invoicing, SCF & E-procurement | 26 Jun 2020

Hub71, a global tech ecosystem, has joined forces with Mashreq Bank and First Abu Dhabi Bank (FAB) to fix the problems faced by startups while opening a UAE bank account.

Hub71, UAE, banks, banking, startups, Mashreq Bank, First Abu Dhabi Bank, FAB, whitepaper, Rethinking Banking for Startups, partnership, transactions , KYC

Bank Audi ends acquisition talks with FAB

News | Payments General | 19 May 2020

Egypt-based Bank Audi has ended the discussions with First Abu Dhabi Bank (FAB) on acquiring the Egyptian assets of Lebanon's Bank Audi.

FAB, Bank Audi Egypt, Egypt, First Abu Dhabi Bank, coronavirus, COVID-19, UAE, Central Bank of the United Arab Emirates, CBUAE, loans