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MEA Finance

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Islamic banks assets increased by AED 86 billion over past 12 months

The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%

ACI Worldwide report finds the Middle East as the global leader in Real-Time Payments Growth for the second year in a row

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime Time for Real-Time report,...

DIFC publishes Regional Outlook for Banking and Capital Markets

Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’...

National Bank of Fujairah hosts knowledge-sharing platform focused on maximising investment horizons

The National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events, providing insights on investment management. The event...

ANAX Holding enhances investment excellence through strategic portfolio management

ANAX Holding heralds a new era in investment management, with a bold, diverse portfolio - spanning real estate, hospitality, and media – with plans...

State-backed digital bank Wio Bank’s annual profit reaches $544,588

Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end

Burgan Bank signs core banking deal with TCS BaNCS to drive transformation

The bank’s decision to deploy TCS BaNCS reflects its commitment to adopting the latest technology to enhance customer service and employee productivity

Tuum and DDCAP ETHOS partners to provide a pre-integrated fintech solution for the Islamic financial market

Tuum, a next generation core banking provider, and DDCAP Groupâ„¢ (DDCAP) have partnered to offer a pre-integrated fintech solution to enhance the end-to-end trade...

Emirates Islamic successfully issues USD 750 million 5 Year Senior Unsecured Sustainability Sukuk

Emirates Islamic has announced the successful pricing of its USD 750 million first ever Sustainability Sukuk, marking a significant milestone in the bank’s sustainable...

EFG Hermes buys minority stake in Danish fintech, Kenzi Wealth

The acquisition of a minority stake in Kenzi Wealth represents EFG Hermes’ significant commitment to driving innovation in the fintech sector

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