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MEA Finance

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DIFC delivers record 23 per cent YoY growth in underwriting volumes reaching an annual USD 2.6bn in gross written premiums

Dubai International Financial Centre (DIFC) has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP)...

AFS launches Data Center and Disaster Recovery (DR) site in Egypt

Arab Financial Services (AFS) has strategically expanded its footprint in Egypt with the inauguration of a brand-new data center. This investment marks a significant...

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals

Arab Monetary Fund sees growth potential in Takaful market

The fund projects a continued annual growth of 5-8% for the Takaful sector in the coming years

ADIB signs an agreement with Astra Tech

The deal makes ADIB the first bank to provide users across the UAE access to financial services on the Botim Ultra app

Dubai Islamic Bank Announces Group Financial Results for First Quarter of 2024

Dubai Islamic Bank announced its results for the period ending March 31, 2024. Q1 2024 Highlights: Net Profit (Pre-Tax) registered AED 1,850 million up 22%...

Significant fluctuations in online payment transactions across various sectors following recent severe weather conditions in the UAE

In the aftermath of recent severe weather conditions the UAE witnessed, global payments solution provider Checkout.com has conducted a comprehensive analysis revealing significant shifts...

ADCB’s brand value surges to $2.7 billion in 2023

The bank is the only financial institution from the GCC region to be represented in this top 10 global list

UAE’s du unveils digital financial solution du Pay

The innovative digital financial solution is poised to play a pivotal role in enhancing financial inclusion, accessibility and security

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