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MEA Finance

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Emirates NBD partners with DIFC Innovation Hub and Hale Education Group to support InnovAIte Hackathon

Emirates NBD announces their support of InnovAIte Hackathon, the first national AI Hackathon run by students for students in the UAE. The initiative, created...

additiv opens new office in Dubai deepening commitment to the Middle East

Responding to growing demand for Finance-as-a-Service propositions in the Middle East, additiv, a global leader in Fintech and embedded finance, has announced today that it...

Citi appoints new Head of Banking and Executive Vice Chair of Citi

Citi announces that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive Vice Chair of Citi, reporting to CEO Jane Fraser. As...

Dubai Islamic Bank shareholders approve 45% dividend for 2023

Dubai Islamic Bank (DIB), the UAE's largest Islamic bank, has successfully concluded its Annual General Assembly (AGM) with the approval of the bank’s 2023...

Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

Mashreq, a leading financial institution in the MENA region, announced the closing of a US$88 million one-year syndicated term loan facility for Joint-Stock Commercial...

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

Dubai Islamic Bank successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243%...

FAB unveils new trade platform for asset managers MENASSA

The new platform is designed to navigate global regulatory complexities that impact investment flows

NBK-Egypt reports EGP 4.02 billion in annual net profit

Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023

Al Maryah Community Bank in collaboration with Al Etihad Payments completes the first successful financial transaction on the new local “Jaywan” Debit Card

Al Maryah Community Bank announced that, as part of its participation in the launch of the local payment card system “Jaywan” by Al Etihad...

Egypt’s FABMISR reports 131% increase in full-year profit

The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022

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