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Banking & Finance

RAKBANK posts record AED 1.1 billion half-year profit

MEA Finance - 0
The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion
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Banking & Finance

Arab Bank Group reports 25% growth in profits to $503 million for the First Half of 2024

MEA Finance - 0
Arab Bank Group reported solid results for the first half of 2024, with 25% increase in net income after tax reaching $503 million as...
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Banking & Finance

Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

MEA Finance - 0
The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY
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Banking & Finance

NBF Reports a 46% Increase in Net Profit Before Tax to AED 484.9 Million for the First Half of 2024; Net Profit After Tax...

MEA Finance - 0
Highlights: NBF recorded year-on-year growth of 46% to close the six-month period at a net profit before tax of AED 484.9 million compared to...
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Banking & Finance

Fitch says GCC banks show robust appetite for global expansion

MEA Finance - 0
GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment
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Banking & Finance

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

MEA Finance - 0
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
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Editors pick

Al Ansari Exchange launches Corporate Tax Collection Service at all branches in UAE

MEA Finance - 0
Al Ansari Exchange a subsidiary of Al Ansari Financial Services PJSC, has launched its corporate tax collection service across all its branches in the...
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Banking & Finance

First Abu Dhabi Bank and Visa partner to expand Cross-Border Payments through Visa B2B Connect

MEA Finance - 0
Visa announced a significant partnership with First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, to expand the Visa B2B...
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Editors pick

Careem Pay expands remittances with near-instant transfers to the Philippines

MEA Finance - 0
Careem Pay, the digital wallet and fintech platform within the Careem ‘everything app’, expands its international remittance service to include money transfers to bank...
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Banking & Finance

Mashreq allocates AED 1 billion in financing to industrial companies

MEA Finance - 0
The funding stimulates industrial companies by enabling them with additional financing solutions under the ‘Make it in the Emirates’ initiative
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