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GFH Financial Group reports net profit of $45.1 million attributed to shareholders for 2020

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2020. The Group reported net profit attributable to...

FlexxPay raises USD 3 million in pre-series A round to grow employee benefit platform

FlexxPay, a social impact technology company with offices in Europe and the GCC, and the Middle East’s leading Shari’a compliant employee benefit platform providing...

Investment trends in renewable energy post COVID-19

Most of us are quite done with reading about the negative effects of the pandemic. Here is a positive effect: the pandemic boosted the...

ADIB reports FY 2020 net profit of AED 1.6 billion driven by a resurgent second half net profit growth of 73% compared to H1...

Abu Dhabi Islamic Bank (ADIB) delivered strong recovery of 73% growth in net profit in H2 2020 compared to H1 2020 despite the continuing...

First Abu Dhabi Bank acquires Egypt’s Financial Regulatory Authority (FRA) custody license

First Abu Dhabi Bank (FAB) has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market regulator. The license will...

stc pay and Thales introduce customisable contactless payment cards

Saudi mobile wallet, Saudi Digital Payments Company (stc pay), and Thales have introduced contactless cards to enable payments at Point of Sales (POS) machines,...

Path Solutions assisted International Development Bank (IDB) Iraq to get AI-ready

Path Solutions announced that International Development Bank (“IDB”) in Iraq - one of the fastest growing banks in the region, has successfully gone live with iMAL*BI from...

The shape of things to come

As a retail bank, what was your most influencing experience of 2020?  The commitment of our staff to focus on how we could continue to...

Mashreq posts AED 5.1 Billion Revenue for YE 2020

Mashreq reported its financial results for the year ending 31st December 2020. YoY decline in revenue by 14.1% to AED 5.1bn The decline is...

The art of the horologist

HUBLOT Founded in Switzerland in 1980, HUBLOT is defined by its innovation, which began with the highly original combination of gold and rubber. This...

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