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MEA Finance

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National Bank of Fujairah announces Q1 2023 results with net profit surges 151.8% reaching AED 152 million

NBF announce its results for the three month period ended 31 March 2023. Highlights: NBF recorded year-on-year growth of 151.8% to close the three month...

RAKBANK announces quarterly Net Profit at AED 450 million for Q1’23

RAKBANK delivered a Net Profit increase of 105% for Q1 2023 driven by a robust and diversified growth on both sides of the balance...

UAE announces launching Domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) with size of AED 1.1 billion

The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE...

VIDEO: MEA Finance Leadership Series with Sido Bestani, Managing Director, MEA & India subcontinent, SWIFT

https://youtu.be/RmKWiFHF0Zw In this MEA Finance Leadership Series Video, Sido Bestani Managing Director, Middle East, Africa and India Sub Continent for Swift, answers questions about the...

MultiBank Group holds corporate Iftar gathering in Dubai 200+ employees attending

MultiBank Group, a leading financial institution, hosted a corporate iftar in Dubai on April 18, 2023, at Dana Ramadan Tent in City Walk. The...

Mastercard and DIFC to drive digital transformation by partnering with FinTech companies

Dubai International Financial Centre (DIFC) has signed a strategic collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative FinTech...

Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE

Emirates Development Bank (EDB) and Emirates Islamic have announced the signing of a Memorandum of Understanding (MoU) to collaborate on a joint credit guarantee...

Citi appoints new CEO of Citibank, N.A. UAE Onshore Branch

Citi announced the appointment of Shamsa Al-Falasi as Chief Executive Officer of Citibank, N.A. UAE Onshore Branch, in the United Arab Emirates (UAE), subject...

Jordan Ahli Bank becomes first in the Middle East to integrate AI to customer service with “ahliGPT”

Jordan Ahli Bank launched its new artificial intelligence (AI) system "ahliGPT", becoming the first bank in the Middle East to embrace AI in its...

Growing in Values

The global value of the Islamic banking sector has been projected to reach $3.8 trillion in this year. What do you think is fuelling...

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