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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

CBI, zypl.ai ink partnership

The partnership will help CBI in the financial technology space. (WAM)
  • CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
  • CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.

DUBAI, UAE – Commercial Bank International (CBI) has announced its investment in zypl.ai, a fintech startup pioneering the application of generative AI in lending.

Ali Sultan Rakkad Al Amri, CEO of CBI, said “Our partnership with zypl.ai, an innovative AI platform, signifies a strategic entry into using AI implementation for advanced credit scoring.”

He said, “By harnessing zypl.ai’s synthetic data AI powered algorithms, we’re confident we can further enhance our operational efficiencies to ensure a swift and seamless lending experience.”

He added, “Our work and investment with zypl.ai aligns well with our commitment to supporting innovation in the UAE and with our strategic ambition to partner with only the most innovative partners in the financial technology space.”

Meanwhile CBI had recently partnered with Ras Al Khaimah Economic Zone to enhance the business banking experience for RAKEZ clients.  

This collaboration is designed to foster financial inclusion by streamlining access to a comprehensive range of financial services, making them easily accessible to all.