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Banking & Finance

Saudi Arabia’s PIF signs deals worth $50bn with Chinese banks

MEA Finance - 0
The wealth fund said the MoUs covered areas of cooperation such as encouraging two-way capital flows via both debt and equity
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Banking & Finance

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

MEA Finance - 0
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...
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Editors pick

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

MEA Finance - 0
Paymob announces that it has expanded its longstanding partnership with Shopify, the leading commerce platform, by launching embedded card and wallet payments. Paymob is...
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Banking & Finance

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

MEA Finance - 0
The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region
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Banking & Finance

RAKBANK posts record AED 1.1 billion half-year profit

MEA Finance - 0
The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion
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Banking & Finance

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

MEA Finance - 0
Arab Bank Group reported solid results for the first half of 2024, with 25% increase in net income after tax reaching $503 million as...
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Banking & Finance

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

MEA Finance - 0
The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY
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Banking & Finance

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...

MEA Finance - 0
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...
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Banking & Finance

Fitch says GCC banks show robust appetite for global expansion

MEA Finance - 0
GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment
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Banking & Finance

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

MEA Finance - 0
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
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