The wire
Emirates NBD's go-live on Partior's blockchain network marks a significant step forward for real-time cross-border USD payments out of the MENAT region, with direct implications for corporate and institutional banking customers in the UAE. On the energy front, ADNOC has greenlit a $6.2 billion final investment decision for the Umm Shaif Gas Cap project offshore Abu Dhabi, underpinning UAE energy security through the decade. Meanwhile, Saudi Arabia's SME financing landscape deepened as SILQ secured a $75 million Shariah-compliant debt facility from Fasanara Capital to expand working capital lending to small businesses across the Kingdom.
Top stories
The Fintech Times
Emirates NBD Goes Live on Partior Blockchain for Real-Time USD Payments
Emirates NBD has completed its first live cross-border USD transaction on Partior's blockchain network, with J.P. Morgan as settlement and beneficiary bank.
Read the original ->
World Oil
ADNOC Approves $6.2 Billion FID for Umm Shaif Gas Cap Development
ADNOC has sanctioned a $6.2bn investment in the Umm Shaif Gas Cap offshore Abu Dhabi, targeting 600 MMscfd of gas output by 2030.
Read the original ->
FinTech Futures
SILQ Secures $75m Shariah-Compliant Facility to Scale Saudi SME Lender Fina
Fintech holding company SILQ has closed a $75m Shariah-compliant debt facility with Fasanara Capital to fund working capital loans for small businesses in Saudi Arabia.
Read the original ->
The Gulf Money digest surfaces reported news from third-party publications. We do not republish the stories themselves - every headline above links to the original source so you can read the publisher's own coverage.