Latest news with #ArabBank
Mid East Info
15-07-2025
- Business
- Mid East Info
Oman Arab Bank Launches Travel Loan Campaign to Empower Holiday Seekers - Middle East Business News and Information
Muscat. 15 July Arab Bank (OAB) has announced the launch of its highly anticipated Travel Loan Campaign, tailored to help customers embrace the joy of travel—whether within Oman during the picturesque Khareef season in Salalah or abroad for international adventures. The campaign reflects the Bank's ongoing commitment to delivering customer-centric financial solutions that enhance quality of life and offer greater lifestyle flexibility. The Travel Loan offers customers the opportunity to borrow between OMR 1,000 and OMR 5,000 with an attractive interest rate of 4.5%, and flexible repayment terms of up to 12 months. To further reward customers, the campaign includes a two-year annual fee waiver on OAB credit cards for eligible applicants. Special benefits await those heading to Salalah for Khareef, including 20% cashback on fuel spent at Oman Oil and Shell stations during selected weekends in July and August. In addition, customers can access exclusive offers on hotels, dining, cafés, and car rentals in the Dhofar region, making their trip even more enjoyable and cost-effective. International travelers are not left behind. The campaign also includes complimentary travel insurance, offering peace of mind for customers flying abroad, ensuring safety and convenience remain a priority. Mr. Juma Al Fulaiti, Deputy Head of Retail Banking at OAB, commented, 'At OAB, we believe travel is more than leisure—it's an opportunity to connect, explore, and grow. Through this Travel Loan campaign, we're proud to provide financial solutions that allow our customers to experience new destinations without the burden of financial constraints. Whether it's enjoying the lush beauty of Salalah or discovering the world beyond, we want our customers to indulge, while also creating a slew of unforgettable memories with their families and loved ones.' Customers can apply for the Travel Loan conveniently via the OAB Mobile App or by visiting their nearest branch. This initiative is part of OAB's broader strategy to offer flexible, relevant, and rewarding financial products that align with customers' evolving needs and aspirations.
Ammon
10-07-2025
- Business
- Ammon
Minister: Jordan offers investors access to economies with combined GDP of $50 trillion
Ammon News - Minister of Investment Mothanna Gharaibeh said Jordan offers investors access to economies with a combined GDP of $50 trillion through various free trade and bilateral agreements spanning multiple continents. According to a statement from the Ministry on Thursday, Gharaibeh made the remarks while attending the economic forum held Wednesday in Singapore under the title "Jordan: Your Gateway to Human Talent, Competitive Costs, Resilience, and Global Markets." The forum was organized in partnership with the Arab Bank and the Jordanian Embassy in Singapore, with participation from global companies, sovereign wealth funds, and leading economic institutions across diverse sectors. Gharaibeh emphasized Jordan's strategic location and robust infrastructure, which provide easy access to neighboring markets. He noted the Kingdom's critical role in supporting global food security, especially through its fertilizer industry, alongside growing sectors such as food processing, pharmaceuticals, apparel, and electronics. He highlighted that Jordan's ICT companies contribute to a 19 percent annual increase in digital jobs, citing Singaporean firms that have chosen Jordan as a hub for regional and global expansion. Gharaibeh pointed out that a feasibility study by IBM's semiconductor division showed Jordan offers the highest profitability among evaluated locations, with a low-risk operating environment compared to key competitors. He reaffirmed the government's steady progress in implementing the Economic Modernization Vision to drive accelerated growth, position Jordan as a regional industrial hub, increase national exports, optimize the use of natural resources, stimulate domestic and foreign investment, and strengthen sustainable practices. Jordan's Ambassador to Singapore, Samer Naber, underlined the essential role diplomatic missions play in promoting investment opportunities, leveraging their networks with local and foreign investors, sovereign and private funds, and venture capital firms. He noted that the forum's collaboration with the Arab Bank exemplifies the public-private partnership model that Jordan is pursuing. During a forum session, Naber discussed Jordan's green energy strategy, alternative energy projects, and the national climate change policy for 2022–2050, along with commitments to reduce carbon emissions and the green bonds framework being finalized under the Central Bank's supervision. He stressed the importance of tapping into Singapore's international partnerships in green energy and attracting Singaporean investments in this sector in the Middle East and Jordan. Arab Bank's CEO, Randa Sadik, affirmed the bank's commitment to supporting national efforts to promote Jordan as an attractive investment destination and strengthen public-private collaboration at home and abroad. She emphasized the strategic role of the banking sector in driving economic growth through comprehensive financing solutions and leading banking services to meet investors' needs, attract capital, and foster sustainable development. The forum aimed to promote Jordan's investment environment and highlight the Kingdom's key advantages, including a skilled workforce, competitive operating costs, strategic location, and flexible market access to regional and international destinations. Panel discussions featured success stories from investments in Jordan, with contributions from Jordan Phosphate Mines Company investor Manish Gupta, who noted that a quarter of India's cultivated food is grown using Jordanian fertilizers. Arab Potash Company Chairman Shehadah Abu Hdaib and CEO Maen Nsour, Aqaba Development Corporation CEO Hussein Safadi (virtually), and Marie Miller, Director of Government Relations and Strategic Partnerships at Bigo Technology, also spoke, sharing how their companies have created thousands of jobs in Jordan's ICT sector. During his visit to Singapore, Gharaibeh will meet with Singapore's Second Minister of Trade and Industry, Tan See Leng, to discuss ways to boost bilateral economic cooperation and promote Jordan as a gateway for Singaporean companies expanding regionally and globally. He will also hold meetings with senior executives from sovereign wealth funds and major corporations, including GIC, Temasek Holdings, the Economic Development Board (EDB), and global firms such as ST Engineering, Accuron Technologies, OUE Limited, and Meinhardt Group. Petra
Zawya
08-07-2025
- Business
- Zawya
Arab Palestinian Investment Co places 5-year bonds worth $120mln
Arab Palestinian Investment Company (APIC) has issued five-year corporate bonds in three tranches denominated in the US dollars, Jordanian dinars, and Euro for a total value of $120 million, of which $76.7 million, 22.64 million dinar and €10 million through a private placement. Arab Bank, Cairo Amman Bank, Quds Bank, Bank of Palestine, Bank of Jordan, Jordan Ahli Bank, the Housing Bank for Trade and Finance, the Palestine Deposit Insurance Company and the International Finance Corporation (IFC) participated in the offering. The proceeds of the issuance will be used to support the company's capital and expand investments in the region. Earlier in May, APIC's shareholders approved the issuance of corporate bonds with a total nominal value of up to $110 million with an option to increase it to $120 million. The Palestine Exchange-listed APIC is a diversified investment company and invests across sectors in Palestine, Jordan, Saudi Arabia, the UAE, Iraq and Turkey.
Jordan News
01-07-2025
- Business
- Jordan News
Arab Bank Launches Financial Awareness Sessions for Youth in Ma'an and Aqaba in Cooperation with Crown Prince Foundation
Arab Bank, in collaboration with the Crown Prince Foundation, launched a series of financial awareness sessions targeting youth aged 18 to 26 across several governorates in the Kingdom. This initiative is part of the bank's ongoing efforts to enhance financial inclusion and awareness among young people, aligned with its sustainability and social responsibility strategy. اضافة اعلان These sessions aim to equip participants with essential skills and knowledge in personal financial management, enabling them to make sound and informed financial decisions that contribute to improving their living conditions and confidently supporting their future career paths. The sessions were conducted by a team of the bank's financial experts in the governorates of Ma'an and Aqaba. The sessions featured an interactive and practical approach, covering key topics such as the concept and importance of personal financial planning, budgeting, distinguishing between needs and wants, and introducing different types of loans, financial services, and digital products. This collaboration between Arab Bank and the Crown Prince Foundation seeks to achieve a positive and sustainable impact by providing comprehensive training content focused on developing basic financial skills among youth and enhancing their ability to effectively face economic challenges. The Crown Prince Foundation was established in 2015 as a realization of His Royal Highness Crown Prince Al Hussein bin Abdullah II's vision and belief in the capabilities of Jordanian youth. The foundation aims to empower youth and develop their skills through three main workstreams: economic participation, leadership, and sustainable community development, operating across 27 locations throughout the Kingdom, including offices in all governorates.
Zawya
19-06-2025
- Business
- Zawya
XBTO partners with Arab Bank Switzerland to launch innovative Bitcoin yield product
GENEVA, SWITZERLAND – X BTO, a global leader in institutional digital asset management, today announced a strategic partnership with Arab Bank Switzerland that will enable the Swiss private bank to launch a sophisticated Bitcoin yield product for its wealth management clients. The collaboration leverages XBTO's proprietary "Diamond Hands" strategy to provide Arab Bank Switzerland's clientele with an actively managed approach to generating yield on their Bitcoin holdings. The partnership addresses growing client demand for yield-generating cryptocurrency products within a comprehensive regulatory framework and institutional oversight structure. This offering will be branded as an "Arab Bank Switzerland product powered by XBTO," preserving established client relationships while expanding investment capabilities through proven institutional digital asset management expertise. "Today's announcement marks a significant milestone in our strategy to work with leading traditional financial institutions," said Karl Naim, Chief Commercial Officer and General Manager for UAE at XBTO. "Arab Bank Switzerland's six-year digital asset infrastructure development, combined with direct client demand for Bitcoin yield products, created the perfect foundation for this collaboration." Arab Bank Switzerland, which has offered Bitcoin custody services through its partnership with Taurus since 2019, identified a specific gap in their digital asset offerings. While the bank provided custody and loan-to-value lending against Bitcoin, high-net-worth clients specifically requested active yield-generating opportunities. "We have seen growing demand from our wealth management clients for ways to generate yield on their Bitcoin holdings within a properly managed risk framework," said Romain Braud, Head of Digital Assets at Arab Bank Switzerland. "This collaboration will position Arab Bank Switzerland as the first traditional Swiss private bank to offer an integrated, bank-branded Bitcoin yield product,while maintaining the personal relationship and fiduciary care clients expect from private banking.' XBTO's "Diamond Hands" strategy employs an options-based methodology designed to generate yield while strategically accumulating Bitcoin during market opportunities. The approach uses existing Bitcoin holdings as collateral for options transactions, generating premiums while positioning for accumulation during market pullbacks. "The maturation of institutional digital asset demand requires sophisticated solutions that go beyond simple exposure," said Javier Rodriguez-Alarcon, Chief Investment Officer and Head of Asset Management at XBTO. "This partnership demonstrates how established wealth managers can integrate crypto solutions while maintaining fiduciary responsibility through rigorous risk management and institutional oversight. Our approach prioritizes capital preservation and consistent yield generation over speculative trading." The collaboration sets a precedent for traditional financial institutions seeking to offer structured, compliant cryptocurrency products within existing client relationships rather than directing clients to external providers. With regulatory frameworks maturing and institutional demand accelerating globally, this partnership is expected to serve as a model to drive similar collaborations across the wealth management sector, positioning both firms at the forefront of the digital asset integration into traditional finance. Media Contacts For XBTO: Athraa Bheekoo Luna PR athraa@ For Arab Bank Switzerland: Barbara Mahe, Consultancy32: Lina Lahlou, Consultancy32: About XBTO From asset management to capital markets, XBTO helps clients capture opportunities in the age of digital assets. Founded in 2015 as a proprietary trading firm, XBTO built its foundation through nearly a decade of active participation in digital asset markets. Since 2023, XBTO has expanded into a full-service crypto quantitative investment firm. With a strong focus on Bitcoin, XBTO delivers risk-adjusted strategies across the alpha–beta continuum designed to perform across market cycles and regulatory environments. With decades of experience earned at the world's leading financial institutions and deep expertise in digital markets, XBTO brings a rare combination of financial discipline and digital-native insight. XBTO operates under robust regulatory oversight, with operating entities regulated by the Bermuda Monetary Authority and the Financial Services Regulatory Authority in Abu Dhabi. It operates from key financial hubs including Bermuda, New York, Miami, London, Paris, and Abu Dhabi. About Arab Bank (Switzerland) Ltd. Arab Bank (Switzerland) Ltd. was established in Switzerland in 1962 and serves as a bridge between the Middle East and the West. For more than 60 years, the Bank has been a trusted partner of established businesses, high net worth individuals and ambitious entrepreneurs with close ties in the MENA region. It is the independent sister company of Arab Bank Plc, one of the largest banks in the Middle East.
