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Banking & Finance

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

MEA Finance - 0
Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million
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Banking & Finance

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

MEA Finance - 0
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
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Insurance

Arab Monetary Fund sees growth potential in Takaful market

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The fund projects a continued annual growth of 5-8% for the Takaful sector in the coming years
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Banking & Finance

ADIB signs an agreement with Astra Tech

MEA Finance - 0
The deal makes ADIB the first bank to provide users across the UAE access to financial services on the Botim Ultra app
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Banking & Finance

Dubai Islamic Bank Announces Group Financial Results for First Quarter of 2024

MEA Finance - 0
Dubai Islamic Bank announced its results for the period ending March 31, 2024. Q1 2024 Highlights: Net Profit (Pre-Tax) registered AED 1,850 million up 22%...
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Editors pick

Significant fluctuations in online payment transactions across various sectors following recent severe weather conditions in the UAE

MEA Finance - 0
In the aftermath of recent severe weather conditions the UAE witnessed, global payments solution provider Checkout.com has conducted a comprehensive analysis revealing significant shifts...
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Banking & Finance

ADCB’s brand value surges to $2.7 billion in 2023

MEA Finance - 0
The bank is the only financial institution from the GCC region to be represented in this top 10 global list
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Banking & Finance

UAE’s du unveils digital financial solution du Pay

MEA Finance - 0
The innovative digital financial solution is poised to play a pivotal role in enhancing financial inclusion, accessibility and security
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Banking & Finance

Snowdrop, PwC Middle East partner to advance digital banking

MEA Finance - 0
Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region
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Insurance

ADNIC completes acquisition of 51% stake in Allianz Saudi Arabia

MEA Finance - 0
ADNIC has been actively exploring opportunities and expanding its geographical footprint as part of its growth strategy
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