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FINANCIAL NEWS
Emirates Capital to source funds for Norwegian firm at USD21m
16 Oct 2016
(MENAFN) The Emirates Capital Limited (TECL) has been retained to assist with sourcing capital funding of more than USD21mn by a Norwegian firm (client).
Moreover, the client owns tech with potential to disrupt the monopolistic world of payments amid the banking system.
Accordingly, at USD20 per wire transaction, bank costs for wire transfers are almost USD260mn on a daily basis.
In addition, the firm used the latest in IT communication and IT security standards and has built in new and advanced functionality to enhance options available to banks.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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