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MEA Finance

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Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

Dubai Islamic Bank, rated A3 by Moody's and A by Fitch successfully priced its second Sustainable Sukuk – a landmark USD 1 billion 5.5-year senior issue with a profit rate...

CBUAE launches a Financial Infrastructure Transformation Programme to accelerate the digital transformation of the financial services sector

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman...

GFH reports net profit of US$90.25 million attributed to shareholder for 2022

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2022. Net profit attributable to shareholders was US$24.02...

February 2023



Intellect announces collaboration with Amazon Web Services

Intellect Design Arena (Intellect),  a cloud-native, API-led microservices-based, multi-product FinTech company for the world’s leading financial and insurance institutions, announced collaboration with Amazon Web...

Mastercard and Network International launch new Artificial Intelligence fraud-prevention solution

Mastercard announced that it is partnering with Network International, the leading enabler of digital commerce across the Middle East and Africa, to address fraud,...

Network International introduces direct to merchant payments acceptance service in Egypt

Network International has received approval from Central Bank of Egypt to launch its new ‘direct-to-merchant' service offering in Egypt. The service is being offered...

Al Fardan Exchange expands its offering of digital wallet options on its AlfaPay app in Africa and Asia

Al Fardan Exchange , a money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab...

Gulf Islamic Investments announces an office opening in Bahrain

Gulf Islamic Investments (GII) a Shari’ah-compliant global alternative investment company, with over $3 billion of assets under management in Real Estate, Private Equity and...

Saxo Bank: Rising interest rates make uninvested savings a safer, better option

As inflation rises around the world and global populations grow concerned about economic prospects amid unstable markets and cost-of-living crises, many financial advisors are...

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