{"id":94857,"date":"2024-08-15T00:00:00","date_gmt":"2024-08-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/now-money-partners-up-with-cbi-network-international-to-boost-offerings-for-migrant-workers\/"},"modified":"2024-08-15T00:00:00","modified_gmt":"2024-08-15T00:00:00","slug":"now-money-partners-up-with-cbi-network-international-to-boost-offerings-for-migrant-workers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/08\/15\/now-money-partners-up-with-cbi-network-international-to-boost-offerings-for-migrant-workers\/","title":{"rendered":"Now Money partners up with CBI, Network International to boost offerings for migrant workers"},"content":{"rendered":"

\n

FINTECH-<\/p>\n

#1- Now Money strikes up two partnerships to provide financial services to GCC migrant <\/strong>workers:<\/strong> Dubai-based digital payroll fintech Now Money<\/a> has inked two separate partnerships with payments provider Network International<\/a> and Commercial Bank International<\/a> (CBI) to provide accessible financial services to migrant workers in the GCC, according to a press release<\/a>. Under its partnership with CBI, Now Money will use the bank\u2019s banking infrastructure to expand its product offerings. The partnership with Network will see Now Money use Network\u2019s payment processing platform to offer faster and more secure transactions for its users.<\/p>\n

#2- Aramex SME merchants can now secure working capital financing within 48 hours via <\/strong>Mena revenue-based financing platform FlapKap, <\/strong>after Aramex inked an agreement with FlapKap to streamline logistics and operational processes for UAE-based SMEs, according to a press<\/a>release<\/a>. <\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

#1- Global equity and brokerage firm Bernstein opened a new office in Dubai<\/strong> as part of its expansion in the region, Al Bayan<\/a> reports. The expansion will be led by William Ashworth (LinkedIn<\/a>), appointed as managing director of global execution sales, and Yasmine Rassem (LinkedIn<\/a>), director of global research sales, according to Trade News<\/a>. Bernstein plans to expand its coverage of MENA-listed equities beyond energy, financials, and logistics.<\/p>\n

#2- The ADX and Armenia\u2019s exchange link up:<\/strong> The Abu Dhabi Securities Exchange (ADX) and Armenia Securities Exchange (AMX) struck an agreement to boost cooperation, according to a statement<\/a> on the AMX website. The ADX and AMX will collaborate on exchanging technology and trading best practices, offering investor education, and promoting market development.<\/p>\n

The MoU also sets the AMX up to be integrated into ADX\u2019s cross-market trading platform Tabadul<\/strong>, Wam<\/a> reports. Tabadul already includes the ADX, Bahrain Bourse, Muscat Securities Market, Astana International Exchange, and most recently, Kazakhstan Stock Exchange<\/a>.<\/p>\n

\n

CRYPTO-<\/p>\n

Bybit to advise DMCC on crypto ecosystem: <\/strong>The Dubai Multi Commodities Center (DMCC) has extended its partnership with crypto exchange Bybit to July 2025 and tapped it for advisory services, according to a press release<\/a>. Under the extended partnership, Bybit will act as DMCC\u2019 ecosystem and advisory partner, providing guidance to the freezone\u2019s crypto center towards achieving its goal of transforming Dubai into a crypto and Web3 hub. The partnership will see the two entities co-host two events in 2024: a global Web3 innovation hackathon and a conference to showcase the emirate\u2019s leading role in the crypto space. <\/p>\n

\n

SUSTAINABILITY-<\/p>\n

Etihad Rail launched a new Sustainable Finance Framework<\/strong>, crafted with First Abu Dhabi Bank and Standard Chartered Bank as key advisors and validated by Det Norske Veritas, Wam<\/a> reports. The new framework ties future financing to ESG objectives, focusing on clean transportation, green buildings, and pollution control. It incorporates green loan and bond principles, sets fund allocation criteria, and establishes project evaluation and reporting mechanisms.<\/p>\n

\n

CUSTOMS-<\/p>\n

Abu Dhabi Customs enhances inspection efficiency with AI:<\/strong> Abu Dhabi Customs has added AI-enabled inspection devices at Khalifa Port and Zayed Port, geared towards accelerating inspection processes and cutting customs clearance time, according to a statement<\/a>. The new inspection equipment includes two devices for scanning bags and parcels, two devices for scanning containers and trucks at Khalifa Port, and one for scanning containers at Zayed Port, each with an operational capacity of 120 trucks per hour.<\/p>\n

\n

AVIATION-<\/p>\n

dnata to deliver inflight catering for Thai Airways flights from Milan:<\/strong> Dubai-based air travel services provider dnata<\/a> has secured a multi-year contract with Thai Airways to provide inflight catering for the airline\u2019s flights from Milan Malpensa Airport in Italy to Bangkok, according to the Dubai Media Office<\/a>. The agreement will see dnata prepare and supply over 200k meals annually for the daily flights.<\/p>\n

\n

BUSINESS-<\/p>\n

AKM Global sets up shop in Dubai: <\/strong>Indian tax advisory and accounting firm AKM Global<\/a> launched a new office in Dubai in a bid to expand in the Middle East following the UAE\u2019s recent introduction of 9% corporate tax, it said in a statement<\/a>. The office will offer taxation and advisory services, including expertise in international tax planning, transfer pricing, tax advisory services, and due diligence, with Yeeshu Sehgal (LinkedIn<\/a>) leading operations.<\/p>\n

\n

MARITIME-<\/p>\n

Dubai-based <\/strong>Grandweld Shipyards<\/a><\/strong> delivered its GrandSuperior design-based <\/strong>vessel, dubbed FNSA 7, to <\/strong>Fujairah National Shipping<\/a><\/strong>,<\/strong> according to a press<\/a>release<\/a>. The vessel \u2014 which is equipped with a real-time remote monitoring system and digitalization package \u2014 aims to maximize operational effectiveness while minimizing environmental impact.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Etihad Rail launches a sustainable financing framework<\/p>\n","protected":false},"author":1,"featured_media":94858,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,306,1357,1754,29,107,195,1258,7,79,1181,339],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-business","tag-bybit","tag-capital-markets","tag-crypto","tag-customs","tag-dmcc","tag-enterpriseam-uae","tag-fintech","tag-maritime","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"7675b8ac-ba3b-4842-95bb-c3e13236d6f4","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/887.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Now Money partners up with CBI, Network International to boost offerings for migrant workers","related_issue":[94843],"teaser":"Plus: Etihad Rail launches a sustainable financing framework","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.f1a4cd26-29fb-46b0-a7a5-a6a5a45868e6.mp3"},"yoast_head":"\nNow Money partners up with CBI, Network International to boost offerings for migrant workers - 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