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MEA Finance

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HSBC launches green repurchase agreements with QNB transaction

HSBC has launched a new green finance instrument in the Middle East, North Africa and Turkey region that will help increase the short term...

‘Wio,’ a next-generation banking platform to launch in Abu Dhabi

ADQ, an Abu Dhabi-based investment and holding company, announced that the Central Bank of the UAE had granted in-principle approval to launch a new...

Open for Business

What is BNY Mellon’s overarching philosophy around Open Banking? We’re in a rapidly changing industry and markets landscape—from both a business and a technology perspective...

Bank ABC announces 2021 results, reports a net profit of US$100 million attributable to the shareholders of the parent

The Group delivered solid results during 2021, benefitting from a pick-up in activities across its core markets and much lower impairment charges. The current...

Open to Change

With an influx of large number of fintechs working with new technologies on data sharing and big data applications, the banking sector has witnessed...

First Abu Dhabi Bank submits a non-binding offer for a majority stake in EFG Hermes

First Abu Dhabi Bank (FAB) announces that it has submitted a non-binding offer for a potential cash acquisition of a majority stake in Egyptian...

GFH Financial Group reports net profit of $84.22 million attributed to shareholders for 2021

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2021. Net profit attributable to shareholders was  US$23.88...

Commercial Bank of Dubai (CBD) reports record net profit, up 29.5% on the prior year

Commercial Bank of Dubai has delivered a net profit of AED 1,451 million for the year ended 31 December 2021, up 29.5% year-on-year. The...

A Nuanced Challenge

How does combatting climate change figure in your business mission imperatives?  It is mission critical, but to understand how and why we first need to...

“Low Visibility Ahead”: Emirates NBD announces investment outlook for 2022

Emirates NBD, one of the leading banking groups in the (MENAT) Middle East, North Africa and Turkey region, has released its global investment outlook...

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