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MEA Finance

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Mashreq successfully priced a US$500mn Additional Tier 1 bond offering

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering with a coupon of 7.125 percent per annum on Monday 3rd June 2024. The transaction...

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE

Network leads launch of UAE domestic card scheme ‘Jaywan’

The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers

Emirates Development Bank launches with Tagit’s digital corporate banking product in three Months

Emirates Development Bank has launched a Cash Management online portal for its business clients, developed in collaboration with Tagit an omnichannel digital banking solutions...

Walton Global’s Builder Land Income Fund approved by Moventum S.C.A

Walton Global, a leading real estate investment and land asset management company, announced the approval of their Builder Land Income Fund by financial services...

National Bonds reports a 153% increase in Savings and Investments from Al Ain Customers in the First Five Months of 2024

National Bonds, a leading Sharia-compliant savings and investment company in the UAE, proudly announces the opening of its newest branch in Al Ain Mall....

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023

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,...

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