ila Bank partners with Mastercard to launch innovative solutions and expand into new markets
ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank's proposition across consumer products, launching new affluent, travel products and loyalty offerings.
ila Bank will leverage Mastercard's expertise to introduce loyalty program that supports cardholders' lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, travel and priceless experiences. The new product line will also leverage enhanced fraud solutions and privacy protection to secure every transaction.
Mohamed Almaraj, ila Bank CEO, said, 'ila has always been about the customer. We are proud to have maintained our commitment to offering customer-centric solutions and experiences in a growingly cashless economy, and this strategic agreement furthers the ila promise of 'banking that reflects you'. Renewing our engagement with Mastercard will strengthen our standing as the frontrunner in the region's digital payments landscape by offering the most seamless, secure and future-focused product portfolio that provides unparalleled premium benefits.'
Adam Jones, Mastercard's Division President for West Arabia, said, 'In line with our shared commitment to driving innovation across the digital ecosystem, our long-standing relationship with ila Bank focuses on delivering customer-first solutions that help ensure a secure and rewarding banking experience. We will continue to provide our partners with enhanced product offering, supporting regional expansion.'
Mastercard has been a trusted partner of ila Bank from the outset, supporting the bank's strategy Together, they have introduced several innovative propositions to the market, including the multi-currency debit program, the Pay with Rewards loyalty program and the Mastercard airline co-brand with Gulf Air in Bahrain.
Since its establishment in 2019, ila Bank has been dedicated to addressing the dynamic needs and lifestyles of its customers with bespoke banking solutions. The digital, mobile-only bank, well-received both domestically and regionally, currently offers a range of card products, including debit, credit and prepaid cards, that provide unparalleled bonus advantages and a personalized loyalty reward system.
Other innovative products accessible through the award-winning ila app include smart digital saving tools, like Hassala and Jamiya, as well as Al Kanz, ila's prize account that awards substantial cash prizes to lucky customers throughout the year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
a day ago
- Al Bawaba
In Line with Its Vision to 'Lead the Future', Orange Jordan Sponsors GWTS 2025 Summit
Orange Jordan sponsored the Global Women in Tech and Digital Transformation Summit (GWTS 2025), held under the patronage of H.E. Minister of Digital Economy and Entrepreneurship, Eng. Sami Smeirat, and attended by prominent leaders, experts, and pioneers from Jordan and the region. The sponsorship highlights Orange Jordan's commitment to its 'Lead the Future' vision and its sustainable strategy focused on digital inclusion, education, and entrepreneurship, driving innovation and a more inclusive digital future. The CEO of Orange Money, Eng. Heba Al-Sharif, highlighted Orange Jordan's role in offering innovative digital solutions that enhance financial inclusion and support women in tech. She emphasized the company's commitment to empowering women through accessible and secure digital financial services. Orange Jordan continues to harness the power of technology to empower diverse segments of society through forward-looking digital initiatives and impactful community programs. With a strong focus on youth, the company is committed to using its digital leadership to drive sustainable, positive change across the Jordanian community. It is worth noting that the summit serves as an international platform dedicated to empowering women in the technology sector and strengthening their presence and impact in fields such as AI, fintech, and entrepreneurship. By fostering knowledge exchange and building meaningful networks, the summit plays a vital role in promoting diversity across the global tech industry.
Al Bawaba
a day ago
- Al Bawaba
The Imf and Auc Wrap Up First Mena Economic Research Conference: Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape
Following two days of high-level dialogue and expert analysis, the inaugural IMF MENA Economic Annual Research Conference co-organized by the International Monetary Fund (IMF) and the American University in Cairo (AUC), concluded with a strong call for coordinated, evidence-based policy responses to the region's old and new pressing economic on May 18–19, 2025, the conference served as a critical platform for advancing rigorous research tailored to the realities of the Middle East and North Africa. It brought together global policymakers, academics, government officials and thought leaders to bridge the discussion on global economic issues with regional realities. The event marked a first-of-its-kind collaboration between the IMF and a leading University in the region, reflecting a shared commitment to deepening the link between academic research and policy development. Jihad Azour, director of the IMF's Middle East and Central Asia Department, noted that that trade tensions and increasing uncertainty affecting the global economy, alongside ongoing regional conflicts and climate risks, are creating new layers of complexities for MENA policymakers. Azour called for building a regional platform for dialogue and exchange of ideas that connects MENA to world-class research centers to provide reliable analysis and develop workable and innovative policy responses to old and new economic issues facing the region. 'We are deeply grateful to President Ahmad Dallal and AUC for their commitment to fostering dialogue, research, and policy innovation in the region.'AUC President Ahmad Dallal highlighted the event's role as a vital platform in fostering collaboration between governments, academia and the private sector. "This is about generating ideas that are globally informed but deeply rooted in the realities of our region," he affirmed that this type of multi-stakeholder engagement is at the heart of AUC's mission and reflects the University's commitment to research, education, and open dialogue as drivers of stability, resilience, and inclusive the theme 'Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape,' discussions centered on four pivotal issues shaping the future of the MENA region and the global economy:• Fiscal Policy: With public debt at historic highs, experts stressed the importance of rebuilding fiscal buffers while tackling social inequalities, aging populations, and climate pressures. Proposals included reforms in fiscal frameworks and measures to mobilize revenues, including through multinational taxation and more progressive tax systems.• Monetary Policy: Participants reflected on the lessons of recent inflationary shocks, emphasizing the need for more preemptive and well-communicated policy responses to global shocks and sector-specific disruptions, particularly for emerging markets.• Industrial Policy: Speakers examined the renewed interest in industrial policy as a tool to drive inclusive growth, innovation, and climate resilience. The discussion highlighted the need to balance vertical strategies with horizontal reforms that promote private investment, trade integration, and productivity.• Green Transition and AI: The intersection of climate action and digital transformation sparked debate about their potential to reshape labor markets. Recommendations included investing in human capital, developing targeted safety nets, and aligning policy tools to support job creation in low-emission the sessions, there was a clear consensus that the MENA region's economic resilience depends on institutional reforms, cross-border cooperation, and investment in skills and innovation. Participants also underscored the importance of embedding policy in local realities—an approach that both the IMF and AUC pledged to champion moving addition to prominent global and regional academics, as well as economists and government officials from across the region, and representatives of international and regional organizations, the conference brought together policymakers, including Rania El Mashat, minister of planning, economic development and international cooperation, Egypt; Youssef Boutros-Ghali, member of the Specialized Council for Economic Development, Egypt; Mahmoud Mohieldin, United Nations special envoy on financing the 2030 Sustainable Development Agenda; and Martin Galstyan, governor of the Central Bank of Armenia. As Nigel Clarke, IMF deputy managing director concluded, "This conference is a milestone demonstrating the IMF's commitment to deepening engagement with the research and academic community, as we strive to ensure that the IMF support is not only responsive to the needs of member countries, but also built on rigorous tested analytics and importantly, it's aligned with local realities. Through this kind of multi-stakeholder dialogue, we aim to better understand how all our expertise and resources can be directed towards the most pressing challenges of the region.'
Al Bawaba
a day ago
- Al Bawaba
Audit and Accountability in Focus at AUB Panel on the Chehab Era and the Path Forward
The American University of Beirut (AUB) hosted a timely and thought-provoking panel discussion titled Audit and Accountability – The Chehab Era and the Path Forward, organized by the Fouad Chehab Foundation (FCF), and the AUB Good Governance and Citizenship Observatory (GGCO) housed at the Asfari Institute for Civil Society and Citizenship. Held on AUB's campus, the event brought together leading legal and governance experts to examine the institutions established under former President Fouad Chehab—bodies tasked with supervising public administration and enforcing accountability—and to explore their relevance to Lebanon's current challenges in governance and state event was moderated by Attorney of Law Amine Bachir and featured three distinguished panelists: Judge Georges Attieh, president of the Central Inspection Board; Court of Accounts Judge Elie Maalouf, professor at La Sagesse University; and Judge Rana Akoum, head of the Enforcement Court in Simon Kachar, founding and current director of GGCO, welcomed the panelists and attendees, and spoke about the timeliness of the panel and the growing momentum in Lebanon for governance and institutional reform. He noted that the collaboration with the Fouad Chehab Foundation reflects a shared commitment to linking the lessons of the past with the reform efforts of his recorded video message opening the event, AUB President Dr. Fadlo R. Khuri praised Chehab as 'one of the most important presidents Lebanon has known,' highlighting his commitment to the development of robust state institutions. 'We see today not only an opportunity to study the accomplishments, merits, and difficulties of the Chehab era,' Khuri stated, 'but also to apply what we learn from these studies to Lebanon's current reality.' He added that we must work toward building 'a state of institutions at a time when the Lebanese state is expressing its will and determination to reassert its authority across the country.'Khuri noted that the Chehab era was defined by the application of law and respect for institutions, a principle Lebanon has struggled to uphold since the onset of civil war, stating that enforcing the law and upholding institutional will are capabilities essential for restoring confidence in governance and rebuilding a viable of the Fouad Chehab Foundation Adel Hamiyeh reflected on the enduring values behind the foundation's work. He noted that President Chehab built institutions that were not only administrative and financial, but also social, cultural, and developmental in nature. Hamiyeh said, 'We decided to organize a series of panel discussions on the Chehabist experience, addressing topics such as governance, and involving universities, with the aim of introducing the Chehabist message to the younger generation—especially during this period marked by the optimism that accompanied the election of President Joseph Aoun, his delivery of the oath of office, and the subsequent formation of a distinguished government known for its competence and its promising ministerial statement. This has given us hope that this new era may resemble that of President Fouad Chehab in terms of restoring the authority and institutions of the state and returning to a natural foreign policy."The discussion unfolded in three parts: lessons learned from the Chehab era, the current state of institutional paralysis, and potential paths forward. The panelists discussed the rationale behind President Chehab's establishment of key institutions such as the Central Inspection, the Audit Bureau, and the Disciplinary Council. These bodies were conceived as independent mechanisms to promote transparency, discipline, and ethical governance across public administration. The discussion highlighted how these institutions once played a pivotal role in instilling accountability, protecting public resources, and professionalizing the civil service. The discussion also revisited the structural foundations that allowed these institutions to function with autonomy during the Chehab era, and considered the leadership decisions that helped insulate them from political conversation then moved to the contemporary state of these institutions, as the panel examined the range of factors that have contributed to their current dysfunction—including political encroachment, legal ambiguities, and insufficient staffing and funding. The panelists acknowledged that many of these bodies now face significant operational challenges, preventing them from fulfilling their original mandates. Despite this, there was recognition that these institutions still hold potential if revitalized with the appropriate structural and legal ahead, panelists reflected on potential reform pathways. They explored ideas such as enacting legal safeguards to enhance institutional independence, leveraging digital tools to modernize audit and inspection functions, and fostering closer collaboration between oversight bodies, the judiciary, and civil society actors. The discussion emphasized the importance of reestablishing credibility through transparent practices and rebuilding public confidence in Lebanon's governance the discussion, panelists revisited the core principles of the Chehab era—discipline, transparency, and institutional accountability—as potential foundations for Lebanon's future reform efforts. While acknowledging the serious structural and political challenges that remain, the conversation underscored the importance of rebuilding credible and independent institutions capable of advancing good governance and restoring public trust. The session concluded with an engaging Q&A, during which attendees posed questions and shared reflections, enriching the conversation around the future of institutional reform in Lebanon.
