The U.A.E.’s largest bank, FAB was created by a merger between the First Gulf Bank and the National Bank of Abu Dhabi in 2016. It has a presence in 20 markets, with more than three million U.A.E. customers and 6,765 employees globally, as of December 2022. In 2022, FAB’s total assets increased by 11% to $302.5 billion, and it facilitated over $7 billion in financing for sustainable projects across the energy supply, buildings, transportation, waste, water, and food sectors. In December 2022, FAB’s Magnati collaborated with PayRow Net to establish a digital payment platform for Dubai’s Ports Sector.