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MEA Finance

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Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”

National Bonds debuts “EIBOR Plus” investment, lifting capital-protected returns in UAE

National Bonds, a leading savings and investment company in the United Arab Emirates, has launched the "EIBOR Plus" investment solution, marking a leap forward...

ADIB leads closure of AED 863 million Shari’ah-compliant syndicated loan

ADIB acted as the lead arranger, coordinator, bookrunner, Shari’ah advisor, and investment and security agent on the deal

Emarat grants MBank the first naming rights to its stations

Through the Mbank digital wallet, Emarat station customers can conduct safe and smooth contactless payment transactions after refuelling their vehicles

WATCH: MEA Finance Leadership Series with Keba Amadou Sow, Director, EMEA Division at Intico Corp.

https://youtu.be/VTyMWNmlfYY As part of the MEA Finance Leadership Series interview, Keba Amadou Sow, Director, EMEA Division at Intico Corp., introducing Intico, details the burgeoning importance...

Transforming Finance: Generative AI presenting the next frontier

Many of us will have experienced this by now, a monotonous automated voice on the other end of the phone helping you with your...

Ajman Bank appoints new Group Chief Financial Officer

Ajman Ban announces the appointment of Ediz Ozsoy as the new Group Chief Financial Officer (CFO). This strategic move is aimed at further strengthening...

EFG Holding posts EGP 14.7 billion in full-year revenues

The group’s net profit rose 47% YoY to EGP 3.2 billion in 2023, supported by the increase in profit at its brokerage division, asset management, Valu, and aiBANK

UAE central bank maintains the base rate at 5.40%

The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year

MANTRA completes $11M round led by Shorooq Partners to accelerate RWA tokenization

MANTRA ($OM), the Layer 1 blockchain for Real World Assets (RWA), has announced the completion of a new funding round. Top venture and technology...

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