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MEA Finance

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National Bank of Fujairah’s 9M profit jumps 39.3% to AED 715 million

The bank’s net profit after tax stood at AED 650.4 million – an achievement that reflected not only strategic foresight but also operational excellence

RAKEZ, ruya team up to offer Shari’ah-compliant digital banking solutions

ruya enables users to open and manage corporate bank accounts seamlessly while adhering to Islamic finance principles

Orange Middle East and Africa and Mastercard partner to digitize payments for millions across Africa by 2025

Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This...

Network International partners with Ant International to provide wallet tech solutions to banks, fintechs and telcos in Middle East & Africa

Network International (Network) and Ant International, have signed a Memorandum of Understanding to explore extension of innovative digital payment solutions to businesses in the...

Middle East set to gain prominence amid global shifts

The UK’s largest wealth manager and financial advisory firm with over USD 220 billion funds under management, St. James Place (SJP), said the importance...

KBW Ventures engages local entrepreneurs through Mohammed Bin Rashid Innovation Fund Startup Clinic

Members of the KBW Ventures senior leadership team took part in a Startup Clinic staged by the Mohammed Bin Rashid Innovation Fund (MBRIF). The...

FAB Asset Management launches $200 million fixed maturity fund

The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023

ADCB posts 30% growth in nine-month net profit

The bank’s total assets grew by 19% to AED 639 billion by the end of September 2024, with net loans and advances to customers increasing by 21%

GFH US$500 Million 5-Year Sukuk Over Subscribed

GFH Financial Group announced the successful pricing of a US$500 million 5-year Sukuk, marking the extension of its international Sukuk programme. The final orderbook closed...

Magnati partners with Ajman Bank to enhance financial solutions for SMEs in the UAE

Magnati has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless...

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