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BANKING-
NBF unveils SME services unit: The National Bank of Fujairah (NBF) launched the NBF Emerging Business Unit to offer tailored banking services to SMEs, according to a press release. The new unit will streamline the process of opening business accounts as it can be carried out online through NBF’s newly launched platform Edge, eliminating the need for branch visits.
MARKETS-
Crédit Agricole CIB customers can now access Kepler Cheuvreux’s equity services: European financial services company Kepler Cheuvreux will offer equity capital market services to clients of Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as part of a partnership between the two parties, according to a joint statement.
BACKGROUND- Kepler Cheuvreux obtained an equity research license from the Dubai Financial Services Authority in July, and it recently opened a new regional office in the Dubai International Financial Centre.
FINTECH-
Zand to provide cards, digital financial services for startups under partnership with Network: The UAE’s first digital bank Zand struck up a partnership with Network International leverage the fintech firm’s card processing capabilities to give fintech companies and startups access to card schemes and digital financial services under a BIN sponsorship agreement between the two, a joint statement showed.
REAL ESTATE-
SOL Properties broke ground on Fairmont Residences Solara Tower Dubai, a new residential project developed under the global luxury hospitality brand Fairmont Hotels and Resorts. The project, featuring amenities like a private swimming pool, fitness center, and spa, is scheduled to be completed by 4Q 2027.
AVIATION-
Air Arabia to start Warsaw flights from Sharjah: Budget airline Air Arabia will begin operating flights between Sharjah International Airport and Warsaw Chopin Airport in the Polish Capital on December 20, according to a company statement. The new route will offer five direct flights per week.
SUSTAINABILITY-
Air-to-water firm A1rwater opens facility in Dubai: Abu Dhabi-based atmospheric water generation company A1rwater opened a new facility in Dubai Industrial City, targeting to roll out 100k liters of drinking water daily, according to a press release. The new facility is expected to be fully operational in 4Q 2024.
ALSO- Ma Hawa launched its air-to-water bottles at select Adnoc and Union Coop stores nationwide, according to a statement from the Emirati company.
