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MEA Finance

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Standard Chartered Bank reports record H1 Operating Profit in the Africa and Middle East region

Standard Chartered released its financial results for the first half of the year ending 30 June 2022. In the Africa and Middle East (AME) region,...

FAB reports a Group Net Profit of AED 8.0 Billion for the first half of 2022, up 50% year-on-year

H1’22 highlights: Group Net Profit at AED 8.0 Billion, up 50% yoy; annualised Earnings per Share at AED 1.43 Total Income at AED 12.5...

National Bank of Fujairah posted results with H1 2022 Net profit reached AED 150.5 million on the back of strong business growth and asset...

NBF announced its results for the six month period ended 30 June 2022. Highlights: NBF recorded year-on-year growth of 97.5% to close the six month...

UAE’s financial wealth to grow by 6.7% annually, reaching USD 1 trillion by 2026

The United Arab Emirates (UAE) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 6.7% in new wealth, rising from USD...

Purpl partners with Mambu to ease money transfers to Lebanon

Purpl, a remittance and cash out aggregator combined with a digital wallet for Lebanon, today announced it has selected Mambu to scale operations in...

Can technology be sustainability’s white knight?

Technology stocks are having a tough time, with the tech-heavy Nasdaq down 25% year-to-date. Yet looking beyond cyclical concerns, technology will play a vital...

Citi and Etihad sign on first Sustainable Deposit Solution

Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched deposit solutions will further assist...

National Bank of Bahrain partners with Mastercard to enhance portfolio through new premium offerings

The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to elevate their existing offerings and provide...

Commercial Bank International (CBI) is the first UAE bank to be in the Metaverse

Commercial Bank International announced that it is the first ever bank in the UAE to launch a virtual location in the Metaverse. CBI, a UAE...

Mashreq achieves 17% increase in operating profit and posts AED 1.4 billion Net Profit for 1H 2022

Mashreq reported its financial results for the first half ending 30th June 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

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