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MEA Finance

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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

Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments.

Intellect launches of its ‘First Principles’ technology suite, eMACH.ai, for technology-suave Bankers in the Middle East and Africa

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, announced the launch of its...

ICD, Banque Misr to provide $30 million SME finance

Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments

Abu Dhabi Islamic Bank launches new payment hub

The bank has worked with ProgressSoft to ease the integration of cross-border services and accelerate cross-border remittances

Mashreq announces appointment of new country head for Oman

Mashreq, one of the leading financial institutions in the MENA region, which is currently working on the formation of its branch in Oman, has...

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