MMA invites The National Bank of Ras Al Khaimah

دفع عجلة التحوّل الرقمي في التسويق عبر الأجهزة الجوّالة

MMA invites The National Bank of Ras Al Khaimah to become the first bank in the UAE to join as a board member to accelerate its Digital Transformation in Mobile Banking The National Bank of Ras Al Khaimah, RAKBANK, an innovator and leader in the mobile marketing space, joins the Mobile Marketing Association as one of the local players in the modern marketing scene and is set to play a major role in driving the MMA MENA’s strategic direction during their one-year tenure as a board member and aim to…

RAKBANK renews partnership with Fintech Invoice Bazaar

بنك رأس الخيمة الوطني يجدد شراكته مع إنفويس بازار

The National Bank of Ras Al Khaimah (RAKBANK) has announced the renewal of its partnership with the Fintech platform Invoice Bazaar. The renewed partnership is in line with the Bank’s strategy of creating an efficient ecosystem and environment for SMEs by offering unique financial solutions to e-commerce traders that include a comprehensive suite of banking services, short term working capital loans, cloud based accounting solutions, and instant access to RAKBANK SMEsouk portal. The e-commerce solution is available to SMEs and retailers of all sizes, including Start-ups with RAKstarter Zero Balance…

Abu Dhabi Securities Exchange and the Tel Aviv  Stock Exchanges sign Memorandum of Understanding

سوق أبوظبي للأوراق المالية و بورصة تل أبيب يوقعان مذكرة تفاهم

Springboard for UAE and Israel companies to access new sources of capital and investment, and to collaborate in the development and commercialization of innovative financial technologies.  Abu Dhabi Securities Exchange (ADX) and the Tel Aviv Stock Exchange (TASE) have, today, signed a memorandum of understanding (MOU), the first time an Arab exchange has entered into a commercial relationship with the state of Israel. The MOU will facilitate the development of channels of communication to foster co-operation between the two exchanges, and contribute to the growth of the capital markets in…

METLIFE AND RAKBANK FORM STRATEGIC PARTNERSHIP

توقيع اتفاقية شراكة استراتيجية بين شركة متلايف وبنك رأس الخيمة الوطني   

Dubai, December 14, 2020 –  MetLife, one of the largest global providers of insurance, annuities, and employee benefit programs, has announced a 10-year strategic preferred partnership with The National Bank of Ras Al Khaimah (RAKBANK) to provide comprehensive life insurance solutions to the Bank’s customers across the United Arab Emirates. The partnership offers a versatile and highly competitive life insurance solution for the Bank’s customers with the highest non-medical underwriting limit of USD 1.25 million, exceptional maturity value, and an intuitive digital-first sales and service platform, Mpower. Commenting on the…

NMDC shareholders approve recommended offer to combine with NPCC to create a leading EPC powerhouse

NMDC shareholders approve recommended offer to combine with NPCC to create a leading EPC powerhouse

Abu Dhabi, United Arab Emirates, (AETOSWire): Shareholders of National Marine Dredging Company PJSC (“NMDC”), have voted at the Company’s General Assembly Meeting to approve the recommended offer from General Holding Corporation PJSC (Senaat), which is part of ADQ, and other minority shareholders of National Petroleum Construction Company PJSC (“NPCC”) (together, the “NPCC Shareholders”), to combine NPCC with NMDC. NPCC is a world-class Engineering, Procurement and Construction Company that provides total EPC solutions to both the Offshore and Onshore Oil & Gas sector. The combination of NMDC and NPCC (the “Combined…

RAKINSURANCE launches its new branch in Sharjah

United Arab Emirates, 29 November 2020: Ras Al Khaimah National Insurance Company (RAKINSURANCE), a RAKBANK subsidiary, is pleased to announce the opening of its new branch located at King Faisal street in the heart of Sharjah. The new location is easily accessible with extended business hours from 8:00AM to 8:00PM (Sunday to Thursday).  This branch houses friendly and dedicated insurance advisers that are trained to provide expert advice on all insurance needs. RAKINSURANCE branches are situated across the UAE in prime locations and cater to over 740,000 customers with protection…

Abu Dhabi Securities Exchange (ADX) Signs MOU with Sharjah Investment and Development Authority (Shurooq

Abu Dhabi, UAE- 24 November 2020, Abu Dhabi Securities Exchange (ADX) announced today that it has signed a Memorandum of Understanding (MOU) with the Sharjah Investment and Development Authority (Shurooq), with aims to aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, H.E. Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADX witnessed the signing of this agreement between H.E. Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq and Mr. Saeed Hamad…

RAKBANK partners with the Ministry of Finance

بنك رأس الخيمة الوطني يتعاون مع وزارة المالية

 to become one of the partnering banks of the new eDirham payment gateway United Arab Emirates, 25 October 2020: The National Bank of Ras Al Khaimah (RAKBANK) and the Ministry of Finance are proud to present the third generation of eDirham, cashless payment platform that empowers users to make transactions easily as it is a seamless, convenient and secure medium that focuses on immersing digital transactions across the country for the government sector. RAKBANK is one of the partnering banks of the eDirham payment scheme as an eDirham acquiring bank…

RAKBANK Reports Nine Months Ended 30 September 2020 Net Profit of AED 438.6 million

United Arab Emirates, 22 October 2020: The National Bank of Ras Al-Khaimah (“RAKBANK”) announced a consolidated net profit of AED 438.6 million for the nine-month period ended 30 September 2020. Third quarter earnings were lower due to reduced income resulting from a subdued loan demand and higher IFRS 9 provisions that are set aside as precautionary measures to combat the economic impact of COVID-19. For the nine months ended September 30, 2020, the Bank’s Total Income of AED 2.8 billion was down by AED 241.9 million on a year-on-year basis…

ALDAR APPOINTS NEW GENERAL MANAGER FOR YAS PLAZA HOTELS

الدار تعيّن مديراً عاماً جديداً لفنادق ياس بلازا

Aldar Properties (‘Aldar’) has announced that its hospitality and leisure arm has appointed Saurabh Bakshi as the new Area General Manager for Yas Plaza Hotels. In his new role, Saurabh will oversee the strategic operations of the Aldar’s clustered portfolio at Yas Plaza on Yas Island. Commenting on the appointment, Jassem Busaibe, Chief Investment Officer at Aldar Properties, said: “We are delighted to have Saurabh joining our team as we continue to enhance our leisure and hospitality offerings on Yas Island. With over 20 years of experience working with the…