Banking & Finance

Mastercard partners with PayMate to advance digitization of B2B payments across EEMEA

Mastercard has entered a multi-year partnership with leading B2B payments company, PayMate to enable fast, secure and convenient digital business-to-business (B2B) payments for organizations...

FAB and Gilded launch digitally enabled physical gold investment for private banking clients

FAB Private Banking, a division of First Abu Dhabi Bank (FAB), has partnered with financial technology firm Gilded to launch an innovative new physical...

Mbank is the first digital bank to commit with SBTi and Improve Environment, Social, and Governance (ESG) practices to limit climate change

Al Maryah Community Bank (Mbank) is the first digital bank in the UAE to have signed a commitment letter with The Science Based Targets...

Mashreq reports a 9% Year-over-Year increase in 9M 2024 pre-tax profit to AED 6.5 billion

Mashreq report its strong financial performance for the first nine months of 2024, showcasing the bank's dedicated commitment to its strategic priorities. These include...

National Bank of Fujairah’s 9M profit jumps 39.3% to AED 715 million

The bank’s net profit after tax stood at AED 650.4 million – an achievement that reflected not only strategic foresight but also operational excellence

RAKEZ, ruya team up to offer Shari’ah-compliant digital banking solutions

ruya enables users to open and manage corporate bank accounts seamlessly while adhering to Islamic finance principles

Network International partners with Ant International to provide wallet tech solutions to banks, fintechs and telcos in Middle East & Africa

Network International (Network) and Ant International, have signed a Memorandum of Understanding to explore extension of innovative digital payment solutions to businesses in the...

FAB Asset Management launches $200 million fixed maturity fund

The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023

ADCB posts 30% growth in nine-month net profit

The bank’s total assets grew by 19% to AED 639 billion by the end of September 2024, with net loans and advances to customers increasing by 21%

Magnati partners with Ajman Bank to enhance financial solutions for SMEs in the UAE

Magnati has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless...

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