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Arab Financial Services launches acquiring and payment acceptance services in Egypt

Arab Financial Services (AFS) announced the launch of its acquiring payment services in Egypt. The launch will enable businesses in Egypt to tap into...

National Bank of Fujairah reports 2022 interim results nine months net profit surges 155.1%

NBF announced its results for the nine month period ended 30 September 2022. Highlights: NBF recorded year-on-year growth of 155.1% to close the nine month...

Houlihan Lokey expands global capital markets group into MEA

Houlihan Lokey, the global investment bank, announced that Andy Cairns has joined the firm as a Managing Director and Head of Middle East and...

FAB reports net profit of AED 10.9 billion for the first nine months of 2022, up 19% year-on-year

Profitability supported by revenue growth in a rising rate environment, and lower provision charges; cost discipline maintained while continuing to invest in the business 9M’22...

Mashreq reports 33% increase in operating profits, AED 2.6 billion Net Profit and 12.1% growth in advances for 9M 2022

Mashreq reported its financial results for the nine months ending 30th September 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

Mastercard and BitOasis sign strategic partnership across MENA to launch crypto-linked cards

BitOasis, a cryptocurrency platform servicing the Middle East & North Africa (MENA) and Mastercard, have partnered to launch a series of crypto card programs...

Dubai Islamic Bank nine months 2022 group financial results

Dubai Islamic Bank announced its results for the period ending September 30, 2022. 9M 2022 Highlights: Substantial growth in Group Net Profit of 34% YoY...

NBB collaborates with Mastercard to launch 100% recycled cards

The National Bank of Bahrain (NBB) has recently announced its shift to 100% recycled plastic cards in partnership with Mastercard. This long-term initiative is...

UAE Banks Federation, the Central Bank and the Cyber Security Council, organises a workshop to simulate cyber attacks

Under the supervision of the Central Bank of the UAE, the UAE Banks Federation organised the largest simulated cyberattack in the Middle East, in...

Ministry of Interior, Lulu Money collaborate to deploy digital ‘Know Your Customer’ service

LuLu Exchange announced its collaboration with the Ministry of Interior to deploy a complete digital KYC journey through new-age facial recognition on its cross-border...

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