Banking & Finance

Banking & Finance

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering

MEA Finance - 0
Mashreq successfully priced a US$500mn Additional Tier 1 bond offering with a coupon of 7.125 percent per annum on Monday 3rd June 2024. The transaction...
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Banking & Finance

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

MEA Finance - 0
The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE
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Banking & Finance

Network leads launch of UAE domestic card scheme ‘Jaywan’

MEA Finance - 0
The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers
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Banking & Finance

Emirates Development Bank launches with Tagit’s digital corporate banking product in three Months

MEA Finance - 0
Emirates Development Bank has launched a Cash Management online portal for its business clients, developed in collaboration with Tagit an omnichannel digital banking solutions...
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Banking & Finance

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

MEA Finance - 0
Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023
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Banking & Finance

Islamic banks assets increased by AED 86 billion over past 12 months

MEA Finance - 0
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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Banking & Finance

DIFC publishes Regional Outlook for Banking and Capital Markets

MEA Finance - 0
Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’...
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Banking & Finance

National Bank of Fujairah hosts knowledge-sharing platform focused on maximising investment horizons

MEA Finance - 0
The National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events, providing insights on investment management. The event...
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Banking & Finance

State-backed digital bank Wio Bank’s annual profit reaches $544,588

MEA Finance - 0
Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end
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Banking & Finance

Emirates Islamic successfully issues USD 750 million 5 Year Senior Unsecured Sustainability Sukuk

MEA Finance - 0
Emirates Islamic has announced the successful pricing of its USD 750 million first ever Sustainability Sukuk, marking a significant milestone in the bank’s sustainable...
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