Spend, Earn & Win with Deem Finance’s first-of-its-kind loyalty program

 Using the Deem Mobile App, customers can seamlessly switch between two distinct reward programs to earn rewards on their credit card spend.

In a move to redefine the credit card loyalty landscape, Deem Finance has launched the Joy-Win Credit Card Program to give customers more control over how they earn rewards. With this new program, cardholders can switch between guaranteed rewards with Joy and the chance to win big through a lucky draw with Win, all based on their everyday spending.

The program was developed using feedback from customers, who want clear, flexible reward options. Some prefer guaranteed benefits, while others enjoy the thrill of prize draws. Now, both groups can get what they want — when they want — without any extra cost. Every dirham spent brings customers closer to the rewards that suit them best.

The Power of Choice: Two Programs, One Card

Designed to be flexible, switchable, and rewarding, the program allows cardholders to switch between two unique reward modes directly from the Deem Mobile App

JOY Program: Earn guaranteed rewards on Lifestyle and Travel spend

WIN Program: Earn entries into an AED 250,000 grand draw every time you spend AED 100

The program underlines Deem’s promise to simplify access to finance and build trust through transparency by designing products based on customer needs and preferences.

“At Deem, we empower customers through simplicity, transparency, and choice,” said Chris Taylor, CEO of Deem Finance. “The Joy-Win Credit Card reflects this by giving people real freedom in how they’re rewarded. We’re not just launching a product, we’re delivering on our promise to make financial tools more meaningful and accessible for everyone.

“We’re putting the power of choice back in the customer’s hands,” said Suji Gopalakrishnan, Head of Retail Assets. “As our customer feedback revealed a desire for more control, transparency, and flexibility in how rewards are earned and redeemed, we curated a card to serve this requirement. Whether you prefer guaranteed rewards or a shot at a big win, you can now switch between both, all within the same card, every month.”

How it works:

Customers can switch modes monthly via the Deem App. Those choosing JOY can also toggle between Lifestyle and Travel categories and earn accelerated rewards up to AED 1,000 based on spend thresholds.

With Deem’s new loyalty experience, every dirham spent is the customer's choice to win big or earn more.

For more details, visit www.deem.io/cards.

About Deem Finance:

Deem Finance LLC is a digitally-led financial services provider established in 2008 and regulated by the Central Bank of the UAE. The financial service provider was acquired in September 2021 by the Gargash Group, one of UAE’s leading business conglomerates. With a commitment to innovation, Deem offers a wide range of personal and corporate financial services, including credit cards, personal loans, merchant financing, auto loans, and corporate investments. 

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Contacts

 

Namita Thakkar - namita@matrixdubai.com

Curve Pay and Thales Join Forces to Securely Transform Digital Wallets on iPhone

 MEUDON, France -

This collaboration between Curve and Thales provides iOS users with greater control, flexibility, autonomy and digital-security for in-store contactless payments and digital wallets

(BUSINESS WIRE) -- Curve, the ultimate digital wallet, today announced deepening its collaboration with Thales, the global leader in advanced technologies, delivering secure modern payment solutions for financial institutions.

This partnership comes on the back of Curve launching Curve Pay on iOS, marking a watershed moment in mobile payments. This partnership is a significant step to reshaping everyday spending, allowing Curve customers to benefit from NFC payment directly in the Curve App for contactless payments in store for all end-users on iOS and Android.

Curve Pay is underpinned by Thales’ D1 platform on iOS and Android in Europe which allows customers to digitize a payment card through a mobile wallet. The cloud-based D1 platform operates in real time, enabling seamless integration with existing systems to deliver secure, flexible, and instant payment services.

With over six million customers in Europe, and existing partnerships with major brands such as Samsung and PayPal, Curve has long led the charge against the traditional players avoiding fees and offering consumers real choice. This collaboration with Thales confirms a longstanding technological partnership which successfully provided for Huawei Pay powered by Curve.

“At Curve, we're committed to redefining the digital wallet experience. Our collaboration with Thales marks a significant step in providing users with a seamless, secure, and innovative payment solution,” said Shachar Bialick, Founder and CEO of Curve. “By building robust guardrails into Curve Pay, powered by Thales’ industry-leading platform, we're not just safeguarding transactions, we're empowering our customers to take full control of their financial lives.”

“At Thales, we believe that secure, open, and user-centric digital payment experiences are the future. Our collaboration with Curve Pay is a clear example of how innovative fintechs and trusted technology partners can shape that future together,” said François Chaffard, Vice President of Digital Payment Services at Thales. “By integrating our D1 platform, we’re enabling a new level of freedom and flexibility for mobile NFC payments - without compromising on security or compliance. This milestone reflects our shared commitment to giving users more control, while supporting a dynamic payment ecosystem.”

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

About Curve

Curve Pay is a pioneering digital wallet that works to save you money and enhance every payment you make. It avoids hidden currency conversion fees, lets you switch cards after purchase, and helps you earn more rewards on top of your existing benefits. At the heart of the experience is the Curve Wallet, bringing all your cards into one secure place and putting your finances on autopilot.

Available across the UK and EEA, Curve has over 6 million users and processes billions in payments annually. Authorised and regulated internationally, Curve continues to simplify and unify the way people spend, send, see, and save their money.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250702696837/en/

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Contacts

PRESS CONTACT

Thales, Media Relations:

Vanessa Viala – Cyber & Digital

vanessa.viala@thalesgroup.com

Curve, Media Relations:

Joseph Moses

joseph@campaignpr.tech

Campaign PR

 

TASC Slashes Tech Hiring Time in Saudi Arabia with Launch of Tech Vertical AIQU

 Riyadh, Saudi Arabia 

Saudi Arabia’s Vision 2030 is driving a significant surge in demand for technology talent, especially in AI and machine learning. However, many companies face challenges such as lengthy hiring processes, high costs, and limited flexibility, which cause delays that put critical digital projects at risk. Overcoming these obstacles is essential to sustaining the Kingdom’s fast-moving digital transformation.

AIQU, powered by workforce solutions provider TASC, builds on its established presence in Saudi Arabia by introducing innovative solutions like Deploy-on-Demand, which is designed to cut tech hiring timelines by up to 50%. With a proven track record in Tech Talent, Statement of Work, Digital, and Managed Services, AIQU continues to evolve to meet the Kingdom’s growing demand for agile workforce solutions. They enable clients to rapidly fill specialized roles while handling iqama, payroll, compliance, and onboarding, providing pre-verified talent ready to deploy within 2 to 6 weeks, compared to the market average of 3 to 6 months. This innovative solution is already supporting public sector digital programs, banking and fintech transformations, global consultancies, and rapidly scaling SAP and ERP projects across the Kingdom.

 

Tackling the Tech Talent Shortage

Industries such as cloud computing, AI, and cybersecurity are expanding faster than available talent can keep pace, creating an urgent tech crunch in Saudi Arabia. Roles like cloud architects, SAP consultants, and data engineers are in high demand, but local expertise remains limited. For specialized skills such as OT/ICS security or data governance, the talent gap is even more pronounced. AP consulting roles, for example, have a local talent shortfall of up to 40%.

Traditional hiring methods are often too slow and rigid to meet these evolving needs. “Many businesses simply cannot afford the three to six-month hiring cycles associated with conventional recruitment or global system integrators,” says Tim Harlow, Head of AIQU. “Critical transformation projects cannot wait, yet the complexity of the Saudi recruitment market makes speed challenging. Vision 2030’s momentum has created an enormous opportunity for organizations able to close their talent gaps quickly.”

System integrators add further cost and complexity with approval processes and onboarding delays, making these models less sustainable. “Cost, speed, and flexibility are the three pillars every client struggles with. Existing models are too rigid for today’s dynamic projects,” Taha Esmail, VP - AIQU added.

 

Deploy-on-Demand: A Faster, Flexible, and Cost-Effective Solution

AIQU’s Deploy-on-Demand model is built to overcome these challenges by offering pre-verified, project-ready tech talent mobilized up to 70% faster than traditional hiring models. Clients submit role requirements tied to project deliverables, and AIQU matches candidates from a continuously refreshed bench of regional and international professionals. The service also manages full onboarding, including iqama, payroll, compliance, and Saudization requirements, ensuring faster time-to-productivity and regulatory alignment.

Beyond speed, AIQU’s approach delivers significant cost savings, typically 30% to 50% compared to traditional system integrators, by cutting multilayered consulting overheads and providing transparent pricing. “Clients want agility. We enable them to scale teams up or down based on project phases without the cost and complexity of long-term headcount commitments,” said Pinky Mistry, VP – AIQU.

With multiple Vision 2030 initiatives moving into execution phases, demand for specialized tech expertise will only intensify. To meet this need, AIQU is expanding its pipeline of Arabic-speaking professionals, partnering with local training academies, building offshore development centers and growing its presence across the Kingdom.

“Vision 2030’s momentum has created a massive opportunity for those who can close talent gaps fast. Our focus is on giving clients the agility they need to keep pace with this transformation,” concludes Tim.

 

About AIQU:

AIQU is a strategic technology partner specializing in managed services, project execution, and talent solutions that enable organizations to scale and deliver digital transformation with confidence. Through a unique blend of top-tier tech talent and fully scoped project delivery teams, AIQU helps businesses streamline operations, reduce risk, and accelerate time to value. From cloud-native solutions to cross-border team augmentation, AIQU combines agility with accountability—ensuring results through structured execution and expert delivery.

Permalink

https://www.aetoswire.com/en/news/3072025477288

Contacts

Namita Thakkar - namita@matrixdubai.com

ISDA and Ant International Lead New Industry Report on Use of Tokenised Bank Liabilities for FX Settlement and Cross-Border Payments Under Project Guardian

 SINGAPORE - Thursday, 03. July 2025 AETOSWire Print 

Report builds on shared ledger technology and industry expertise of the co-leads as well as members of the Project Guardian FX workstream

It includes proposed principles for leveraging tokenised bank liabilities and shared ledgers to drive industry adoption of tokenisation and enable 24/7, real-time FX settlement and lower costs for businesses globally

 

(BUSINESS WIRE) -- The International Swaps and Derivatives Association (ISDA) and Ant International led the Project Guardian FX industry group to develop a new report for implementing tokenised bank liabilities and shared ledger in cross-border payments and foreign exchange (FX) settlement.

The joint report is produced under the Monetary Authority of Singapore's (MAS) Project Guardian, a global collaboration between policymakers and key industry players to enhance liquidity and efficiency of financial markets through asset tokenisation. ISDA and Ant International are members of the industry group and lead the FX workstream to develop FX data specifications, risk management frameworks and FX documentation. Other contributors to the report include BNY, HSBC, OCBC and the Global Financial Markets Association’s Global Foreign Exchange Division.

Available on MAS’ website, the report draws on the partners' technology expertise, FX payment experience and extensive industry partnerships to propose principles for leveraging tokenised bank liabilities and shared ledgers in transaction banking services. This includes:

Design principles for tokenised bank liabilities to standardise industry practices and enable interoperability;

Key risks and mitigation actions for shared ledger-based payments; and

Use cases showcasing real-world shared ledgers and tokenised payments in transaction banking.

As a Project Guardian participant, Ant International also leveraged its blockchain-based Whale platform to develop a global treasury management use case for real-time multi-currency clearing and settlement.

Addressing Current Challenges in Cross-Border Payments Through Tokenisation

FX-related risks and costs remain a major hurdle in cross-market and cross-currency payments, especially for businesses in the digital economy. On top of limited settlement windows, they also face time zone delays and different settlement assets and platforms. This results in slower settlement and higher fees, with an estimated US$120 billion (S$154.2 billion) spent annually on cross-border transaction fees1.

In contrast, use cases by the industry group show that tokenised bank liabilities and shared ledgers can result in faster, more secure and efficient cross-border payments. By enabling interoperability between bank solutions, payments can be completed 24/7 with FX settlement conducted in real-time. Payment settlement time is also reduced to minutes or even seconds, providing a more seamless payment experience for businesses and their customers.

However, a universally-accepted industry framework is needed for industry-wide adoption, which could lower cross-border transaction costs by 12.5%, saving businesses more than US$50 billion (S$64.2 billion) by 20302.

ISDA and Ant International, together with the Project Guardian industry group, will continue to broaden the applications of shared ledgers and tokenised bank liabilities by developing more use cases for the digital economy. This includes integrating with existing banking systems and supporting other digital assets so that businesses big and small can benefit from this innovative technology.

Scott O’Malia, Chief Executive of ISDA, said: “Tokenisation has the potential to revolutionise cross-border payments and FX settlements, significantly increasing efficiencies and reducing costs and risks. Our work with MAS and the industry group has highlighted the critical importance of common standards and industry documentation to support the safe and efficient use of tokenised bank liabilities, and this will continue to be a focus for ISDA as we further develop the potential for tokenisation.”

Kelvin Li, General Manager of Platform Tech at Ant International, said: “We are honoured to help shape industry adoption of tokenisation with ISDA under Project Guardian's leadership. Since 2019, Ant International has used tokenised deposits to streamline wholesale payments and treasury activities. We now process over a third of our transactions on-chain. In addition to faster, cheaper and more secure cross-border payments, tokenisation programmes are translating technology into more competitive FX rates and faster FX settlement for customers. We will continue evolving our Whale platform to serve businesses of all sizes with the latest shared ledger technology, such as tokenised deposits and stablecoins.”

Kenneth Gay, Chief FinTech Officer, MAS, said: "The use of tokenised bank liabilities marks a milestone in the evolution of cross-border payments and FX settlements. Underpinned by shared ledger infrastructures, tokenised bank liabilities can enable 24/7, real-time settlement across borders and help optimise liquidity management in transaction banking. Together with members of Project Guardian, we look forward to advancing efforts towards more efficient global financial markets."

About ISDA

Since 1985, ISDA has worked to make the global derivatives markets safer and more efficient. Today, ISDA has over 1,000 member institutions from 76 countries. These members comprise a broad range of derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. In addition to market participants, members also include key components of the derivatives market infrastructure, such as exchanges, intermediaries, clearing houses and repositories, as well as law firms, accounting firms and other service providers. Information about ISDA and its activities is available on the Association’s website: www.isda.org. Follow us on LinkedIn and YouTube.

About Ant International

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/

_________________________________

1 Unlocking $120 billion value in cross-border payments.(2021) https://www.jpmorgan.com/kinexys/documents/mCBDCs-Unlocking-120-billion-value-in-cross-border-payments.pdf

2 Better, faster, cheaper: Multibank tokenisation networks could transform cross-border payments (2024) https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-predictions/2025/bank-tokenization-global-payments.html

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250702791535/en/

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Contacts

Media Contacts

ISDA

Christopher Faimali

ISDA London

+44 20 3808 9736

CFaimali@isda.org

Nikki Lu

ISDA Hong Kong

+852 2200 5901

nlu@isda.org

Ant International

Kahmun Leong

kahmun.leong@ant-intl.com

LambdaTest Announces Deeper Collaboration with Appium as Strategic Partnership

 Move to accelerate mobile test automation at scale with LambdaTest’s expansive real device cloud, delivering unmatched accuracy, speed, and global reach.

(BUSINESS WIRE) -- LambdaTest, a unified agentic AI and cloud engineering platform, has announced it has become a strategic sponsor of Appium, the world’s most widely used open-source framework for mobile automation. This collaboration aims to significantly simplify and accelerate mobile test automation by integrating Appium’s capabilities into LambdaTest’s cloud-based distributed testing platform.

LambdaTest has an active open-source program that provides access to LambdaTest’s testing infrastructure to community projects, so maintainers can run comprehensive test suites without worrying about servers or setup. The organization had also launched LambdaTest Grants for Open Source to support innovation in software testing frameworks and toolsets. As part of the Grants, LambdaTest had announced a $250,000 grant for open source projects and contributors building solutions for the QA and Testing community. With this Appium Strategic Partnership, LambdaTest is doubling down on the commitment made to the open source community.

Through this partnership, LambdaTest users will gain tighter integration and early access to improvements. Since Appium is at the heart of the LambdaTest platform, our contributions will allow the platform to incorporate updates and new capabilities faster than ever. This partnership also sets an example of how commercial platforms and open-source projects can join forces to uplift the entire tech community.

By combining Appium’s flexible automation capabilities with LambdaTest’s powerful real device cloud, users gain the ability to test native, hybrid, and web apps on actual hardware, ensuring 100% accuracy. LambdaTest’s real device testing environment captures true device behaviour, performance, and user interactions, offering detailed insights through app logs, crash reports, video recordings, and network data.

Built specifically for Appium automation at scale, LambdaTest’s infrastructure supports high-performance parallel testing, allowing faster release cycles and greater test coverage. Teams can simulate various network conditions and offline modes to assess real-world performance, while geolocation testing enables validation of app behaviour in over 170 countries.

“Appium is a cornerstone of modern mobile test automation, and we’re proud to be their strategic partner,” says Asad Khan, CEO & Co-Founder at LambdaTest. “Our platform empowers testers to execute faster, more secure, and globally distributed Appium tests, turning quality engineering into a competitive advantage.”

About LambdaTest

LambdaTest is an AI-native, omnichannel software quality platform that empowers businesses to accelerate time to market through intelligent, cloud-based test authoring, orchestration, and execution. With over 15,000 customers and 2.3 million+ users across 130+ countries, LambdaTest is the trusted choice for modern software testing.

Browser & App Testing Cloud: Enables manual and automated testing of web and mobile apps across 10,000+ browsers, real devices, and OS environments, ensuring cross-platform consistency.

HyperExecute: An AI-native test execution and orchestration cloud that runs tests up to 70% faster than traditional grids, offering smart test distribution, automatic retries, real-time logs, and seamless CI/CD integration.

KaneAI: The world’s first GenAI-native testing agent, leveraging LLMs for effortless test creation, intelligent automation, and self-evolving test execution. It integrates directly with Jira, Slack, GitHub, and other DevOps tools.

For more information, please visit https://lambdatest.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250702647486/en/

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https://www.aetoswire.com/en/news/0207202547719

Contacts

press@lambdatest.com

Venture Global Announces 20-Year Sales and Purchase Agreement with PETRONAS

 (BUSINESS WIRE) -- Today, Venture Global, Inc. (NYSE: VG) announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third facility, CP2 LNG, for 20 years. This builds upon Venture Global’s existing agreement with PETRONAS for 1 MTPA of LNG supply from Plaquemines LNG.

PETRONAS, a world-class partner in the LNG industry, joins other CP2 LNG customers in Europe, Asia and the rest of the world in a strategically important project to global energy supply and security. To date, approximately 10.75 MTPA of the 14.4 MTPA nameplate capacity for CP2 Phase One has been sold.

About Venture Global

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. The company’s second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

Forward-looking Statements

This press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical facts, included herein are “forward-looking statements.” In some cases, forward-looking statements can be identified by terminology such as “may,” “might,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of such terms or other comparable terminology.

These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include statements about our future performance, our contracts, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include our need for significant additional capital to construct and complete future projects and related assets, and our potential inability to secure such financing on acceptable terms, or at all; our potential inability to accurately estimate costs for our projects, and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, unavailability of skilled workers, operational hazards and other risks; the uncertainty regarding the future of global trade dynamics, international trade agreements and the United States’ position on international trade, including the effects of tariffs; our dependence on our EPC and other contractors for the successful completion of our projects, including the potential inability of our contractors to perform their obligations under their contracts; various economic and political factors, including opposition by environmental or other public interest groups, or the lack of local government and community support required for our projects, which could negatively affect the permitting status, timing or overall development, construction and operation of our projects; and risks related to other factors discussed under “Item 1A.—Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (“SEC”) and any subsequent reports filed with the SEC.

Any forward-looking statements contained herein speak only as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as may be required by law.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250703555517/en/

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Contacts

Venture Global Contacts

Investors:

Ben Nolan

IR@ventureglobalLNG.com

Media:

Shaylyn Hynes

press@ventureglobalLNG.com

Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia

 The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, has issued a private placement bond, denominated in dirhams, on the local UAE capital market. This pioneering issuance of AED 200 million (equivalent to c. US$ 54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE, in partnership with Abu Dhabi Fund for Development (ADFD), a leading national development finance institution.

This issuance supports the EDB’s strategic objective of enhancing regional infrastructure, trade, and industrial projects, while also promoting the use of local currency in cross-border transactions. The proceeds will be channeled into high-impact development initiatives across the Bank’s member states, furthering economic resilience and integration in Central Asia.

 

This transaction marks an important stage in the financial cooperation between Central Asia and the United Arab Emirates. In April 2025, the EDB successfully placed its debut AED-denominated bonds on the Astana International Exchange (AIX), becoming the first issuer of UAE dirham bonds in Kazakhstan.

 

The new issuance carries several milestones, including:

A collaborative effort with ADFD and FAB, strengthening UAE-Kazakhstan financial ties.

Supporting the EDB’s mission to drive economic growth and prosperity in Central Asia.

Daniyar Imangaliev, Vice-Chairman of the EDB Management Board, commented:

“Raising AED financing on the UAE capital market is a consistent step for the EDB to finance sustainable development in our member states, especially following our recent dirham issue listed on the Astana International Exchange in Kazakhstan.

 

By building strong and mutually beneficial relationships with local investors of the dynamically developing financial market in the UAE, we not only diversify our sources of financing, but also deepen economic cooperation between Central Asia and the Middle East. This transaction is ideally aligned with our mission to invest in the prosperity of Eurasia.”

 

His Excellency Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, said “This strategic collaboration with the Eurasian Development Bank and First Abu Dhabi Bank underscores ADFD’s commitment to strengthening global development partnerships and leveraging the UAE’s financial ecosystem to support sustainable growth beyond our borders. By enabling this pioneering AED-denominated issuance, we aim to support high-impact investments across Central Asia that align with our mission to drive economic progress, resilience, and integration through innovative development financing.”

Linos Lekkas, Group Head of Investment Banking and Markets with FAB, said: “FAB’s exclusive mandate to arrange the Eurasian Development Bank’s AED-denominated private placement marks a breakthrough for regional capital markets. This AED 200Mtransaction, co-invested with the Abu Dhabi Fund for Development, strengthens our partnership with the EDB and reinforces our commitment to advancing innovative financing solutions across the region. As the first AED issuance by a supranational in the UAE, it sets a new benchmark for regional capital markets and supports high-impact development across Central Asia.”

 

Additional information:

The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For more than 19 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By 2025, the EDB’s cumulative portfolio comprised 305 projects with a total investment of US $16.5 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

 

Abu Dhabi Fund for Development (ADFD)

Established in 1971, Abu Dhabi Fund for Development is a national entity owned by the Abu Dhabi government that aims to support the economic and social development of emerging countries through the provision of concessionary loans, grants, and equity investments. ADFD also plays a pivotal role in strengthening the UAE’s development finance ecosystem and facilitating international cooperation through partnerships with multilateral institutions and sovereign entities. To date, the Fund has financed development projects in over 100 countries across key sectors such as energy, water, infrastructure, health, and education, with a focus on promoting sustainability, innovation, and inclusive growth.

First Abu Dhabi Bank (FAB)

Headquartered in Abu Dhabi with a global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.31 trn (USD 356 bn) as of March-end 2025, FAB is among the world’s largest banking groups. FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody’s, S&P, and Fitch, respectively, with a stable outlook. On sustainability, FAB holds an MSCI ESG rating of ‘AA’, and is also ranked among the top 6% of banks globally by Refinitiv’s ESG Scores and ranked the Best diversified bank in MENA by Sustainalytics ESG Risk Rating.

The EDB Media Centre:

+7 (727) 244 40 44, ext. 6148 and 3730

pressa@eabr.org

http://www.eabr.org/

Permalink

https://www.aetoswire.com/en/news/0307202547721

Contacts

For media interviews please contact Anastasia Medvedeva, the EDB External Relations Department, medvedeva_as@eabr.org