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MEA Finance

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RAKBANK profit hit record AED 2 billion for the first time

RAKBANK said that its profit after tax hit a record AED 2.1 billion, up 16% year on year

FAB deploys Oracle Fusion Cloud HCM to build an AI-ready workforce

With Oracle Cloud HCM, FAB will be able to unify, plan, manage, and optimise global people processes with one common data source

ADCB achieves 100% Emiratisation across branches in Al Ain

The bank has set an industry benchmark in Emiratisation where all its branches at Al Ain now employ approximately 300 UAE national professionals

Mashreq collaborates with Kyriba to develop tailored finance transformation strategy for LuLu

Mashreq partnered with cloud treasury and finance solutions provider Kyriba, to orchestrate a customized transformation plan for LuLu Group International (LuLu)’s financial operations. LuLu, multinational...

Al Ansari Exchange expands services with GPSSA pension payment collection

Al Ansari Exchange announces a significant expansion of its services by becoming authorised to collect pension contributions from corporates on behalf of The General...

Ajman Bank records historic high with annual profits of AED 440 million, up 213%

His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, and Chairman of the Board of Directors...

JAGGAER announces expansion in Saudi Arabia through new partnership with TForce

JAGGAER has announced a strategic partnership with Saudi-based company Technology Force of Communication and Information Technology (TForce), which will see the delivery of improved...

Mashreq appoints new Global Head of Transaction Banking

Mashreq announces the appointment of Vivek Batra as the new Global Head of Transaction Banking. In his role, Vivek will assume full responsibility for...

Virtuzone acquisition by Ascentium marks strategic move towards Middle East expansion

Virtuzone, the UAE’s leading and award-winning provider of company formation solutions, corporate services, and tax consultancy, announced its acquisition by Ascentium, a Singapore-based global business...

Mastercard collaborates with ruya to bring innovative digital products to UAE’s Islamic banking landscape.

Mastercard has initiated a collaboration with ruya, a new digital Islamic community bank in the UAE, to launch innovative debit and credit card products...

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