Sharjah Government initiates 4 billion dirham Sharjah Liquidity Support Mechanism to alleviate economic impact of COVID-19

Sharjah, United Arab Emirates,  (AETOSWire): Sharjah Finance Department (SFD) recently established a framework worth AED 4 billion to enhance liquidity for the Sharjah banking system in the emirate. This move was aimed at providing additional financial assistance to all businesses impacted by the outbreak of COVID-19. Issued as 12 month dirham-denominated paper in several tranches, the Sharjah Liquidity Support Mechanism (SLSM) sukuk represents the first rated short term local currency tradeable instrument in the UAE, which can be used for liquidity management by banks. This paper has a short term…

Fiorano Drives Digitalization at Crédit Agricole with Flexcube Core Banking System Integration

DUBAI, United Arab Emirates– (BUSINESS WIRE/AETOSWire) – Fiorano Software, a leading Enterprise Integration Middleware and API Management specialist, announced today that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform (HIP) to reduce time and cost required for integrating applications with its core banking system, Flexcube, to enhance services availability and accelerate delivery of new products and services. “Crédit Agricole opted for Fiorano to enhance its integration platform into a best-of-breed architecture model that would streamline the implementation process and provide seamless integration between all applications while providing API-based…