MANUFACTURING-

Ducab expands to 20 new countries: Dubai Cable Company — more commonly known as Ducab —has expanded into 20 new markets, bringing its geographic footprint to 75 countries, according to the Dubai Media Office. The company offers 85k cable variants to nuclear energy, marine, offshore, and oil and gas industries, 60% of its production going towards exports.

FINTECH-

#1- Al Ansari Exchange will integrate Al Etihad Payments’ instant payment platform, Aani, into its operations to simplify its digital payment services, according to a DFM disclosure (pdf). The Aani app allows customers of the personal remittance and foreign exchange company to make mobile number, email, or QR code-based transactions without requiring IBANs, and features a suite of advanced payment technologies, including requests to pay and split bills. It will also be integrated with Al Ansari Exchange’s WPS Payroll card and prepaid cards.

#2- Fils and digital banking player Aion have partnered up to work on advancing sustainable finance in the Middle East, according to a press release (pdf).The collaboration aims to integrate environmental, social, and governance (ESG) principles into financial services across the MENA region, offering ESG scoring, sustainable investments, and green products, over the coming months.

About Fils: The startup specializes in helping businesses integrate ESG efforts, like carbon credit purchases, into their transactions using their APIs.

BANKING-

Emirates NBD has rolled out a new card catering specifically to high-net-worth individuals, according to a Dubai Media Office statement. The card — a collaboration with Visa — is tailored to affluent clients holding a minimum balance of AED 500k in deposits and investments. “This new offering will deliver exceptional value to our affluent client base in the form of distinguished lifestyle benefits and a competitive rewards program,” Emirates NBD’s head of priority banking and personal banking, Yousuf Mohd, said.

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