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GFH increases GB Corporation shareholding to majority stake of 50.4%

GFH Financial Group today announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. (“GB Corp”) giving the Group a...

Noor Takaful and Ajman Bank enter strategic partnership

Noor Takaful (a Dar Al Takaful company), has entered a strategic partnership with Ajman Bank. The partnership will see the addition of an array...

ENBD REIT hedges AED 400m facility with Mashreq Bank

ENBD REIT the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has executed a Shari’a-compliant profit rate swap with Mashreq Bank, on...

FAB distributes nearly AED 4 million as part of COVID relief measures to over 6,000 SME merchants

First Abu Dhabi Bank (FAB) is disbursing nearly AED 4 million in rebates to merchants as part of Abu Dhabi’s relief measures initiated by...

Digital banking for the post-pandemic reality

As with many other industries, the financial sector has had to adjust to rapid changes as a result of the spread of novel coronavirus....

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Islamic Arab Insurance Company (“SALAMA”), a Shari'a compliant Takaful solutions provider announced a payment of surplus (cash returns) of AED11.5 million to eligible group...

China Construction Bank celebrates listing two green bonds on Nasdaq Dubai with total value USD 1.2 billion

His Excellency Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai today to celebrate...

Open Banking: A disrupter of redundant banking practices

Open Banking 101 After struggling to manage the growing issues of unbridled monopolizing of rules and regulations of the banks, the UK Government in 2016...

GFH Financial Group reports financial results for first half 2020

GFH Financial Group announced its financial results for the first six months of the year ended 30 June 2020 (“the period”). Net profit attributable to...

Cost predictability core to banks’ operational recoveries

Most of the strategic decisions’ banks in the GCC made in response to the Covid-19 outbreak were underscored by business continuity, employee safety, and...

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