National Bank of Abu Dhabi (NBAD) yesterday announced a Memorandum of Understanding with Deutsche Bank (DB) for the use of Guaranteed US Plus, a solution developed by DB to enhance pricing transparency for clients with individual US dollar flows into the United States.
Guaranteed US Plus was developed by Deutsche Bank’s Global Transaction Banking business to help clients overcome the challenges of common US market practice, to create a more efficient way for US beneficiaries of cross-border US dollar payments, and their foreign counterparts, to do business. NBAD’s clients will be able to pass on these fee transparency programmes to their own customers for eligible USD payments to the United States.
“We are delighted to be able to leverage Deutsche Bank’s product innovation to offer this cutting-edge USD payment service that creates new efficiencies for our clients and help us to expand our leadership in the Middle East market,” said Frank Hamer, the global head of transaction banking at NBAD.
The agreement between the two banks was signed yesterday on the sidelines of Sibos, a transactional banking conference organised by the international banking services provider Swift in Dubai.
NBAD's international network consists of 57 branches and offices in 17 countries stretching across five continents. The bank, listed on the Abu Dhabi Securities Exchange, has a market capitalisation of Dh53.6 billion.
jeverington@thenational.ae
UAE currency: the story behind the money in your pockets
The biog
Fast facts on Neil Armstrong’s personal life:
- Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
- He earned his private pilot’s license when he was 16 – he could fly before he could drive
- There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
- After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
- In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Sour Grapes
Author: Zakaria Tamer
Publisher: Syracuse University Press
Pages: 176
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
SPECS
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
AWARDS
Best Male black belt: Lucas Protasio (BRA)
Best female black belt: Julia Alves (BRA)
Best Masters black belt: Igor Silva (BRA)
Best Asian Jiu-Jitsu Federation: Kazakhstan
Best Academy in UAE: Commando Group, Abu Dhabi
Best International Academy: Commando Group, Abu Dhabi
African Player of the Year: Katiuscia Yasmira Dias (GNB)
Oceanian Player of the Year: Anton Minenko (AUS)
European Player of the Year: Rose El Sharouni (NED)
North and Central American Player of the Year: Alexa Yanes (USA)
Asian Player of the Year: Zayed Al Katheeri (UAE)
Rookie of the Year: Rui Neto (BRA)Rui Neto (BRA)
SPEC SHEET
Processor: Apple M2, 8-core GPU, 10-core CPU, 16-core Neural Engine
Display: 13.3-inch Retina, 2560 x 1600, 227ppi, 500 nits, True Tone, wide colour
Memory: 8/16/24GB
Storage: 256/512GB / 1/2TB
I/O: Thunderbolt 3 (2), 3.5mm audio; Touch Bar with Touch ID
Connectivity: Wi-Fi 6, Bluetooth 5.0
Battery: 58.2Wh lithium-polymer, up to 20 hours
Camera: 720p FaceTime HD
Video: Support for HDR with Dolby Vision, HDR10, ProRes
Audio: Stereo speakers with HDR, wide stereo, Spatial Audio support, Dolby support
In the box: MacBook Pro, 67W power adapter, USB-C cable
Price: From Dh5,499
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5