Banking & Finance

Mashreq reports 39% increase in operating profits, net profit of AED 3.7 billion

Mashreq reported its financial results for the year ending 31st December 2022. Key highlights: Robust Growth in Operating Income & Net Profit Operating profit at...

FAB reports full year 2022 Group Net Profit of AED 13.4 Billion, up 7% year-on-year

Record profitability driven by strong underlying business performance in a rising rate environment; prudent risk management and cost discipline maintained amid continued investments  FY’22...

National Bank of Fujairah posts results achieving its best ever operating performance

NBF announced results for the year ended 31 December 2022 in accordance with the approval received from the Central Bank of the United Arab...

Dubai Islamic Bank full year 2022 group financial results

Dubai Islamic Bank announced its results for the period ending December 31, 2022. FY 2022 Highlights: Substantial growth in Group Net Profit of 26% YoY...

Saudi National Bank partners with Mastercard and Saudi Esports Federation to transform esports in the Kingdom

Saudi National Bank announced a strategic partnership agreement with Mastercard and the Saudi Esports Federation (SEF) during the SEF Awards to accelerate Saudi Arabia’s...

FAB launches 2023 Global Investment Outlook Report

First Abu Dhabi Bank (FAB has published its 2023 Global Investment Outlook report: ‘Heading into a New Cycle’. The report, written by the bank’s...

FAB launches report exploring the potential of Carbon Trading

First Abu Dhabi Bank  has launched a report which explores the potential of carbon trading. Titled: ‘Seizing the Carbon Trading Opportunity’, the report provides an...

Mashreq acquires Digital Banking License to commence operations in Pakistan

Mashreq announced the acquisition of a Digital Banking license, under the Digital Regulatory Framework issued by the State Bank of Pakistan (SBP). Mashreq’s intention...

FAB issues 5-year $500 million sukuk marking the first global sukuk issuance in 2023

First Abu Dhabi Bank (FAB) has re-opened the international capital markets for Middle East issuers with the first dollar-denominated Sukuk of the year, a...

NBF partners with Lune Technologies to provide Financial Analytics Solutions across the UAE

The National Bank of Fujairah (NBF), has signed a partnership agreement with Lune Technologies, an Emirati financial data analytics company to develop and deploy...

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