
EDGE and FAB Sign Strategic Agreement to Build a Resilient Financial Ecosystem - Middle East Business News and Information
EDGE will leverage FAB's Supply Chain Finance SCF solution for innovative financing opportunities at all stages of EDGE's supply chain, while the AI-powered Treasury Management System TMS will automate treasury operations
Abu Dhabi, UAE: June 2025 – EDGE Group, one of the world's leading advanced technology and defence groups, has entered a strategic partnership with First Abu Dhabi Bank (FAB), the UAE's global bank. The agreement covers two major financial initiatives: the implementation of FAB's advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS).
Hamad Al Marar, Managing Director and CEO of EDGE said: 'Our partnership with FAB is a strategic enabler of EDGE's global industrial ambitions. It reinforces the financial architecture required to operate at scale, with speed and resilience. In an increasingly competitive and complex environment, this alignment ensures we remain agile, well-capitalised, and positioned for sustained international growth.'
Martin Tricaud, Group Head of Wholesale Banking at First Abu Dhabi Bank (FAB), said: 'FAB's partnership with EDGE marks a step forward in building a more resilient supplier ecosystem. We recognise that effective cashflow and supply chain finance are fundamental to sustainable business models. By combining our global expertise with innovative financial solutions, we are enhancing financial agility and enabling long-term value creation.'
Through FAB's digital SCF solution, EDGE provides local and international suppliers access to early, low-cost financing, which enhances supplier trust, improves commercial terms, and ensures continuity across critical operations. EDGE's deployment of FAB's AI-powered TMS represents the largest to date. The solution delivers real-time cash visibility, advanced forecasting capabilities, and integrated risk management tools, enabling EDGE to automate treasury operations and optimise liquidity across the Group. The platform provides protection for interest rate risk and FX risk, while improving financial agility, investment planning, and funding.
Rodrigo Torres, Group Chief Financial Officer of EDGE, said: 'This partnership reflects EDGE's commitment to embedding financial sophistication and innovation at the core of our operations. By integrating FAB's advanced SCF and AI-powered TMS platforms, we are optimising liquidity and supplier performance while also reinforcing our ability to manage risk and scale with confidence. To date, over AED 1.6 billion in invoices have been processed, unlocking more than AED 1.2 billion in off-balance sheet financing. These solutions enable real-time cash control, intelligent forecasting, and stronger financial governance across the Group – all of which are critical to supporting our long-term growth strategy and industrial objectives.'
About EDGE:
Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive.
With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mid East Info
4 hours ago
- Mid East Info
Emirates NBD wins record eight awards at Euromoney Awards for Excellence 2025 - Middle East Business News and Information
Bank wins five regional awards including 'Middle East's Best Bank 2025' showcasing a landmark year of strategic expansion, digital leadership and financial performance • Winner of three UAE awards including 'UAE's Best Bank', 'UAE's Best Bank for ESG' and 'UAE's Best Investment Bank for Equity Capital Markets (ECM)' Dubai, United Arab Emirates,June 2025: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is celebrating its success at the Euromoney Middle East Awards for Excellence 2025 with eight new wins. Surpassing its 2024 performance at the awards, Emirates NBD has won five regional awards including the 'Middle East's Best Bank'. Recording exceptional financial performance in 2024, Emirates NBD announced net profit of AED 23 billion, up 7%, while credit showed standout growth. Emirates NBD's international operations now account for 31% of total income, reflecting the success of its expansion strategy across the GCC, Asia and Europe. Emirates NBD was also a pioneer in sustainable finance innovation, winning the titles of 'Middle East's Best Bank for ESG' and 'Middle East's Best ESG Deal 2025'. In 2024, the bank issued the world's first sustainability-linked loan financing bond aligned with the updated International Capital Market Association (ICMA) and Loan Market Association (LMA) guidelines, raising USD 500 million. Launching its first sustainable fixed deposit, the bank attracted USD 100 million in inflows. Emirates NBD Capital, the global investment bank for Emirates NBD Group, facilitated more than USD 34 billion in sustainable finance during the year – ranking as a top 12 global coordinator of emerging market ESG-labelled bonds. With an 11% revenue increase from the SME segment, the bank's performance reflected its deep commitment to entrepreneurship, economic diversification and digital innovation, earning the accolade of 'Middle East's Best Bank for SMEs' at the awards. Digitisation continued to underpin Emirates NBD's SME strategy. In 2024, approximately 80% of Emirate NBD's SME accounts were opened digitally, supported by the bank's end-to-end digital customer onboarding journey. Emirates NBD also won the award for the 'Middle East's Best Bank for Customer Experience', having undertaken a comprehensive customer experience transformation over the past 18 months, embedding it across every level of its operations, governance, culture and technology infrastructure, to improve every major customer touchpoint. In parallel, Emirates NBD achieved resounding success at the national level with three awards for 'UAE's Best Bank', 'UAE's Best Bank for ESG' and 'UAE's Best Investment Bank for Equity Capital Markets (ECM) 2025', showcasing asset growth year-on-year of 16% with the bank registering a significant AED 160 billion (USD 43.6 billion) in new loans and maintaining a one-third market share of UAE credit cards. The bank's investment banking arm, Emirates NBD Capital, dominated UAE IPOs, advising on prominent ECM transactions such as the largest grocery retail IPO in MENA for Lulu Retail and the Spinneys IPO, helping attract strong investor demand from various investor categories. Emirates NBD's substantial contributions to sustainable finance were exemplified by its mobilisation of over USD 34.3 billion in sustainable finance, placing it among the top global coordinators for emerging market ESG bonds. Shayne Nelson, Group Chief Executive Officer at Emirates NBD, commented: 'We are delighted to win eight awards this year at the Euromoney Awards for Excellence. Emirates NBD continues to perform and transform as one of the UAE's largest banks and the most profitable financial institution in the region. Through the transition, we endeavour to build deeper connections with our customers by providing immersive experiences. This association, along with our commitment to sustainability, brings deeper loyalty at a time when ESG-centred choices are becoming the norm. As a homegrown financial institution, Emirates NBD prides itself on offering customers unparalleled financial solutions, strengthening our leadership in banking innovation in the country and the region.' The prestigious recognition at the Euromoney Middle East Award for Excellence 2025 is the latest in a series of accolades received by the bank. Emirates NBD was awarded 'Middle East's Best Bank for SMEs', 'UAE's Best Bank for SMEs', 'UAE's Best Bank for Corporates', and 'Middle East's Best Bank for Wealth Management' at the 2024 edition of the Euromoney Awards for Excellence. The bank was also lauded at the 2024 awards by The Banker, namely 'Bank of the Year in the UAE 2024' and 'Best Private Bank in the UAE'. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As of 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.


Mid East Info
4 hours ago
- Mid East Info
EDGE Group and Leonardo to Strengthen Strategic Partnership with Groundbreaking Joint Venture - Middle East Business News and Information
EDGE, one of the world's leading advanced technology and defence groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi. The JV will create a cutting-edge technology hub in the UAE, strategically positioned to serve global markets through a unified and synergistic approach. The MOU was signed by H.E. Faisal Al Bannai, Chairman of EDGE Group, and Roberto Cingolani, CEO and General Manager of Leonardo during a recent visit to Abu Dhabi. This agreement marks the latest step in strengthening the collaboration between EDGE and Leonardo. The new JV will represent a landmark in global defence collaboration, covering multiple domains and integrating some of the most advanced and sophisticated technologies, including Naval C2 systems and combat system ballistic missile defence; counter-unmanned aerial systems (C-UAS); airborne capabilities for maritime multi-mission aircraft (MMA); optronics; air defence; and high-performance computing (HPC) electronics for missile applications. About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.


CairoScene
5 hours ago
- CairoScene
Families With Monthly Income Below AED 25,000 to Receive Allowance
As part of the expanded Social Support Programme, the initiative provides monthly stipends for food, fuel, and utilities. Jun 12, 2025 The Ministry of Community Development has announced a new inflation allowance designed to support Emirati families earning less than AED 25,000 per month. As part of the expanded Social Support Programme launched in 2022, the initiative provides monthly stipends for food, fuel, and utilities. Eligible households will receive AED 500 for food per breadwinner and spouse, with AED 250 allocated for each child under 21 (up to four children). Fuel subsidies are tiered—AED 300, AED 600, or AED 900—depending on 95‑octane prices, and a monthly allowance of AED 400 (or equivalent) is provided for electricity and water. This support mechanism aligns with broader government restructuring of the Emirati Social Welfare Programme, which now operates under a AED 28 billion budget. The programme includes enhanced allowances for retirees and working individuals, ranging from AED 5,000 to AED 13,000 for family breadwinners, as well as provisions for spouses, children, and individuals of determination. The inflation allowance can be claimed through the Ministry's online platform, with processing completed within 10 working days.