Latest news with #AdnanAnwar
Mid East Info
4 days ago
- Business
- Mid East Info
National Bank of Fujairah hosts knowledge-sharing event focused on AI and business transformation - Middle East Business News and Information
Business leaders and industry experts explore how AI and geopolitical shifts are reshaping the UAE's business landscape Dubai – June 2025 — National Bank of Fujairah (NBF) hosted the latest edition of its ongoing Knowledge Series at Dubai Airport Freezone (DAFZ), welcoming over 90 guests from across the UAE business community. The event, themed 'Harnessing AI', highlighted the transformative role of artificial intelligence (AI) in driving growth, innovation, and operational excellence. At a time marked by accelerating digital disruption and geopolitical change, the event provided timely insights on how businesses can stay ahead by integrating AI into their core operations and responding to shifting global economic conditions. Opening the event, Adnan Anwar, CEO of NBF said the bank is actively exploring how AI can drive greater efficiency and transformation, highlighting the value of forums like this in fostering insight, collaboration, and practical solutions. The event commenced with a look at the global economic landscape presented by Hisham Ayass, Senior Financial Analyst at Asharq Bloomberg TV, with the current outlook reflecting a fragile balance of cautious optimism and uncertainty, with growth projections tempered by persistent inflation and unresolved trade tensions. Following this, Arnold Gutmann, Senior Executive Partner at Gartner, delivered a deep dive into how agentic AI can transform go-to-market (GTM) strategies. The session explored how agentic AI is moving beyond traditional sales models toward intelligent systems that can autonomously make decisions and execute tasks. Rather than replacing humans, AI is becoming a powerful enabler—boosting productivity, enhancing personalisation, and giving a competitive edge to those who use it effectively. Gutmann indicated that the key to future success lies in combining human creativity and judgment with the speed and scalability of AI in a truly hybrid approach. This event was part of NBF's successful Knowledge Series programme, which continues to provide a platform for learning and dialogue on pressing issues facing UAE businesses. Previous editions have covered topics such as sustainable business models, ESG implementation, and investment management.
Mid East Info
26-03-2025
- Business
- Mid East Info
National Bank of Fujairah introduces multi-currency debit card for seamless global transactions - Middle East Business News and Information
Customer experience enhanced by making cross border payments simpler and more cost-effective. Dubai – National Bank of Fujairah (NBF) has announced the launch of its multi-currency debit card, a cutting-edge payment solution designed to enhance convenience and cost efficiency for travellers and international spenders. The new product allows customers to link a single AED debit card to multiple currency accounts, enabling seamless transactions in AED, USD, EUR, and GBP without incurring unnecessary foreign exchange conversion fees. The NBF multi-currency debit card is designed to simplify cross-border payments by automatically debiting transactions from the appropriate currency account. If a transaction occurs in an unsupported currency or if the linked currency account has insufficient funds, the card will intelligently fall back to the default AED account, ensuring uninterrupted transactions. The card can be used in international ATMs, for online payments, and in-store purchases, providing seamless access to funds from anywhere in the world, allowing customers to transact internationally with greater control and avoid additional foreign exchange markups. 'We are excited to introduce the NBF multi-currency debit card as part of our commitment to delivering innovative financial solutions tailored to our customers' evolving needs,' added Adnan Anwar, CEO at NBF. 'This card offers a cost-effective way for travellers and global spenders to manage their payments seamlessly enhancing their experience and convenience .' 'The launch of the NBF multi-currency debit card reflects our commitment to integrating smart financial technology that enhances customer convenience. This solution is built on an intelligent transaction framework that links multiple currency accounts, ensuring automatic currency matching and reducing foreign exchange costs. By embedding advanced security measures and real-time processing capabilities, we are not only simplifying global transactions but also providing customers with a hassle-free and secure digital banking experience', added Mahendra Dhillon, Chief Operations and Technology Officer at NBF. The multi-currency debit card will initially be available to holders of the NBF's Al Samy account before being rolled out to Priority account holders. Currently, multi-currency activation is only available through any NBF branch, via Relationship Manager (RM), or by calling the NBF Call Centre. Self-service activation will be enabled in the future. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
Zawya
10-03-2025
- Business
- Zawya
National Bank of Fujairah leads in arranging $100mln syndicated financing deal
DUBAI - The National Bank of Fujairah (NBF) has successfully closed a single currency term and letter of credit syndicated transaction totalling US$100 million to support Pure Cement LLC in the construction of a clinker production unit with a capacity of 6,500 tonnes per day (TPD), and an 8.5 MW Waste Heat Recovery-based captive power plant. With a total project cost of $135.97 million, the financing will support the procurement of plant, equipment, and fixed assets, ensuring the successful execution of the project. NBF acted as the Arranger, Facility and Security Agent, leading the transaction in collaboration with Emirates NBD Bank (P.J.S.C.) and The National Bank of Ras Al Khaimah (P.S.C.), which each contributed $25 million. 'This transaction is a testament to NBF's ability to structure and deliver complex syndicated deals that drive business growth and industrial progress,' said Adnan Anwar, CEO at NBF. 'As the lead banker, we go beyond financing—we serve as a strategic partner, delivering tailored financial solutions that drive long-term success and strengthen our reputation as a trusted financial partner across the region.' NBF hosted a formal signing ceremony at its headquarters, bringing together representatives from Emirates NBD, RAKBANK, and key industry stakeholders.
Zawya
10-03-2025
- Business
- Zawya
National Bank of Fujairah takes the lead role in arranging a $100mln syndicated financing deal
Dubai, UAE – The National Bank of Fujairah (NBF) has successfully closed a single currency term and letter of credit syndicated transaction totalling USD 100 million to support Pure Cement LLC in the construction of a clinker production unit with a capacity of 6,500 tonnes per day (TPD), and an 8.5 MW Waste Heat Recovery-based captive power plant. With a total project cost of USD 135.97 million, the financing will support the procurement of plant, equipment, and fixed assets, ensuring the successful execution of the project. NBF acted as the Arranger, Facility and Security Agent, leading the transaction in collaboration with Emirates NBD Bank (P.J.S.C.) and The National Bank of Ras Al Khaimah (P.S.C.), which each contributed USD 25 million. 'This transaction is a testament to NBF's ability to structure and deliver complex syndicated deals that drive business growth and industrial progress,' said Adnan Anwar, CEO at NBF. 'As the lead banker, we go beyond financing—we serve as a strategic partner, delivering tailored financial solutions that drive long-term success and strengthen our reputation as a trusted financial partner across the region.' To commemorate this milestone, NBF hosted a formal signing ceremony at its headquarters, bringing together representatives from Emirates NBD, RAKBANK, and key industry stakeholders. The event reinforced NBF's market leadership in syndicated financing, underscoring its commitment to supporting the UAE's economic growth and industrial expansion. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE. For further information, please contact: Strategic Marketing and Communications Department E-mail: CorpComm@ and nbf@
Zawya
28-02-2025
- Business
- Zawya
National Bank of Fujairah integrates NBF Direct App with UAE Pass, for enhanced security and convenience
National Bank of Fujairah (NBF) is excited to announce the integration of the NBF Direct mobile app with UAE Pass, the official digital identity solution for the UAE. This enhancement provides customers with a seamless, secure, and convenient login experience, reinforcing NBF's commitment to digital innovation and customer-centric banking. With UAE Pass integration, NBF Direct users can now enjoy instant authentication, allowing swift and secure access to NBF's full range of mobile banking services with a simplified login process. Customers who prefer existing login methods can continue to use them. Adnan Anwar, CEO of NBF, commented: "At NBF, we are constantly evolving our banking solutions to provide customers with greater convenience, security, and ease of access. The integration of UAE Pass with the NBF Direct app is a key step in this journey, ensuring a seamless and secure banking experience. Alongside this, our redesigned dashboard enhances usability, making everyday banking simpler and more efficient." In addition to UAE Pass integration, the NBF Direct app dashboard has been redesigned to offer a more intuitive and user-friendly experience. Customers can now view consolidated product balances in one place, access recent transactions and promotions more efficiently, and navigate quickly to their most frequently used functions. Mahendra Dhillon, Chief Operations and Technology Officer at NBF, added:"At NBF, we are committed to leveraging cutting-edge technology to enhance security and the user experience. The integration of UAE Pass with the NBF Direct app represents a significant milestone in our digital transformation journey. By streamlining access to our banking services with advanced digital identity solutions, we are reinforcing our commitment to innovation, cybersecurity, and customer-centric digital banking." These enhancements reaffirm NBF's dedication to delivering innovative digital solutions that align with customers' evolving needs. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
