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Business & Investments

UBF CEOs Council Enhances UAE Banking Resilience

UBF CEOs Advisory Council Reaffirms Commitment to Reinforce Banking Sector’s Resilience and Capabilities

Abu Dhabi- Dubai, United Arab Emirates, 10 April 2026:

The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its first quarterly meeting on April 8, 2026, chaired by His Excellency Abdulaziz Al Ghurair, Chairman of UBF, to review the banking and financial sector’s performance, and discuss developments,  initiatives, and plans of UBF to develop the financial and banking sector during 2026.

The meeting commended the Comprehensive Financial Institution Resilience Package, approved by the Board of the Central Bank of the United Arab Emirates (CBUAE), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of CBUAE, reaffirming  UBF’s  commitment to working closely with all relevant stakeholders to enhance the resilience and capabilities of the banking and financial sector, and to reinforce its stability and strength.

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Business & Investments, Technologies

CBUAE Certifies MBME Pay as Licensed Payment Provider

CBUAE Grants MBME Pay Coveted Payment Service Provider License

Abu Dhabi, UAE – April 9. MBME Pay Payment Services Provider – Sole Proprietorship L.L.C. (“MBME Pay”), a wholly owned subsidiary of MBME Group PJSC, has received its Payment Service Provider license (Category 3) from the Central Bank of the UAE (CBUAE) to conduct Merchant Acquiring and Payment Aggregation activities.

This license elevates MBME Pay into an exclusive group of fully regulated payment service providers in the UAE, reinforcing the company’s role at the heart of the country’s digital payments transformation. It reflects the strength of MBME Pay’s infrastructure, its rigorous compliance framework, and its strategic ambition to power the next generation of digital commerce.

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Business & Investments

DIFC’s Commitment to Business Resilience in Dubai

Dubai, UAE; 9 April 2026: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.

Effective immediately, the initiatives are designed to ease short-term operational and financial pressures.

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Featured

ADPHC Launches Competency-Based OSH Regulation in Abu Dhabi

ADPHC Announces New Competency-Based Regulatory Framework to Enhance Workplace Safety in Abu Dhabi

Abu Dhabi, UAE – April 9, 2026 – The Abu Dhabi Public Health Centre (ADPHC) has announced the launch of a new competency-based regulatory framework under the Qudorat Program for the registration of occupational safety and health (OSH) practitioners and service providers, in a step towards enhancing professional competency standards and reinforces workplace safety across the emirate.

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Featured

Magna AI and Corvit Networks: Transforming Pakistan’s AI Landscape

Magna AI and Corvit Networks Forge Strategic Alliance to Accelerate Pakistan’s National AI Development

The partnership aims to design, build, and operate sovereign AI infrastructure, platforms, and workforce capabilities across Pakistan’s government, enterprise, and academic sectors.

Dr. Moataz BinAli, CEO, Magna AI

April 09, 2026, Riyadh, KSA: Magna AI, Inc., the global integrated‑value‑chain sovereign AI transformation leader established through a partnership between Trend Micro and Wistron Digital Technology Holding Company (WDH) in strategic collaboration with NVIDIA, today announced the signing of a Memorandum of Understanding (MoU) with Corvit Networks (Pvt.) Ltd., a leading technology training and digital services organization in Pakistan. The agreement establishes a strategic collaboration framework to advance sovereign AI infrastructure, platforms, and workforce capabilities aimed at accelerating Pakistan’s national AI transformation.

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