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MEA Finance

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Mashreq and MultiBank Group partners to transform payments with instant payment API Integration

MultiBank Group has partnered with Mashreq, one of the leading financial institutions in the MENA region, to introduce an API-enabled Instant Payments solution for...

Paymob drives MENA’s e-commerce growth with embedded Shopify payments

Paymob announces that it has expanded its longstanding partnership with Shopify, the leading commerce platform, by launching embedded card and wallet payments. Paymob is...

Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million

The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region

RAKBANK posts record AED 1.1 billion half-year profit

The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion

Arab Bank Group reports 25% growth in profits to $503 million for the First Half of 2024

Arab Bank Group reported solid results for the first half of 2024, with 25% increase in net income after tax reaching $503 million as...

Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY

NBF Reports a 46% Increase in Net Profit Before Tax to AED 484.9 Million for the First Half of 2024; Net Profit After Tax...

Highlights: NBF recorded year-on-year growth of 46% to close the six-month period at a net profit before tax of AED 484.9 million compared to...

Fitch says GCC banks show robust appetite for global expansion

GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth

Al Ansari Exchange launches Corporate Tax Collection Service at all branches in UAE

Al Ansari Exchange a subsidiary of Al Ansari Financial Services PJSC, has launched its corporate tax collection service across all its branches in the...

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