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MEA Finance

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Emirates NBD posts AED 23 billion net profit after tax in 2024

Revenue climbed to over AED 44 billion in 2024, driven by the group’s strategic investment in digital banking and branch networks

ADCB aims to double net profit to AED20 billion in five years

ADCB’s full-year net profit rose by 15% in 2024 to AED 9.42 billion in 2024 from AED 8.21 billion a year earlier

Arab Financial Services expands into UAE to advance digital payments ecosystem

Arab Financial Services (AFS) announced its strategic expansion into the United Arab Emirates (UAE). This move follows the successful acquisition of a Retail Payment...

Network International powers UAE’s first Jaywan cards for Emirates NBD

Network International has been appointed by Emirates NBD to enable acceptance of Jaywan cards issued by the bank at Network’s merchant terminals. Network will...

RAKBANK profit hit record AED 2 billion for the first time

RAKBANK said that its profit after tax hit a record AED 2.1 billion, up 16% year on year

FAB deploys Oracle Fusion Cloud HCM to build an AI-ready workforce

With Oracle Cloud HCM, FAB will be able to unify, plan, manage, and optimise global people processes with one common data source

ADCB achieves 100% Emiratisation across branches in Al Ain

The bank has set an industry benchmark in Emiratisation where all its branches at Al Ain now employ approximately 300 UAE national professionals

Mashreq collaborates with Kyriba to develop tailored finance transformation strategy for LuLu

Mashreq partnered with cloud treasury and finance solutions provider Kyriba, to orchestrate a customized transformation plan for LuLu Group International (LuLu)’s financial operations. LuLu, multinational...

Al Ansari Exchange expands services with GPSSA pension payment collection

Al Ansari Exchange announces a significant expansion of its services by becoming authorised to collect pension contributions from corporates on behalf of The General...

Ajman Bank records historic high with annual profits of AED 440 million, up 213%

His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, and Chairman of the Board of Directors...

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