Technology
RAKBANK selects Oracle Fusion Cloud Applications Suite to Accelerate Business...
Oracle today announces that UAE-based RAKBANK (National Bank of Ras Al Khaimah) has selected Oracle Fusion Cloud Applications Suite to make its business processes seamless, efficient and fit to support the bank’s rapid growth plans. With...
Saudi Awwal Bank partners with PayerMax to support digital payments ecosystem...
In a strategic move to enhance the digital payment ecosystem in Saudi Arabia, PayerMax, a global provider of payment solutions has announced a strategic...
Banking & Finance
Dubai’s Emirates NBD posts AED 19.0 billion in nine-month profit
The banking group’s deposit base strengthened significantly, with AED 60 billion added by September 2024
Standard Chartered pioneers sustainable borrowing base trade loans
The solution will be available in the US, UK, UAE, South Africa, Singapore and Hong Kong, with further market launches expected in the future
Islamic Finance
Dubai Islamic Bank successfully issues additional Tier 1 Sukuk
Dubai Islamic Bank successfully issued a USD 500 million Additional Tier 1 Sukuk with a profit rate of 5.25% per annum. The Basel III-compliant...
Opinion Pieces
Wealth Transfer: Planning for a Smooth Transition
In February, the Dubai International Financial Centre (DIFC) launched a ‘Sustaining family business success’ programme with MIT Sloan Executive Education to provide higher education to...
Wealth Management
Santander Private Banking expands global presence with first regional headquarters in...
Santander Private Banking, has established a new office in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa,...
Editor's Pick
United Arab Bank pre-tax net profit up by 12% for the...
United Arab Bank has announced its financial results for the nine months ended 30th September 2024.
UAB posted a net profit before tax of AED...
Investments
National Bonds sees portfolio jump 17% to AED 15 Billion amid...
National Bonds announces a significant increase in its portfolio value, marking a 17% increase to AED 15 billion from December 2023 to date. This...
Interviews
The Real Time is Now
How does our region rank against other world markets in term of payments modernisation?
As global markets shift towards payments modernisation, the pace of adoption...
Appointments
Citi appoints new Head of Financing for Investment Banking
Citi announced that Achintya Mangla will join the bank as Head of Financing for Investment Banking, effective today September 4.
In this newly created role,...