Banking & Finance

Mastercard, Bahrain’s BENEFIT partner to drive payment innovation

The collaboration supports the efforts of the Central Bank of Bahrain to accelerate the development of the country’s digital economy

Emirates NBD, Nium join forces to revolutionise cross-border payments

The partnership seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers

National Bank of Fujairah invests in innovative cloud-based data platform

National Bank of Fujairah (NBF) has partnered with Snowflake to use its cloud-based data platform, enabling the bank to extract better insights and reports...

Standard Chartered offers retail investors access to UAE-domiciled funds within DIFC

The bank has partnered with leading international companies to provide best-in-class products to its retail clients, including Amundi

Egypt’s Banque Misr invests in auction platform BELMAZAD

BELMAZAD aims to digitize traditional auction processes by reducing reliance on manual interventions

Maktoum bin Mohammed engages with global policy makers and financial industry leaders at the second Dubai FinTech Summit

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the...

Kuwait’s NBK sells alternative investments business to Janus Henderson

Janus Henderson plans to launch several emerging markets-focused alternative strategies in the second half of 2024

Bank of Sharjah reports net profit of AED80 million in Q1 2024

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio

ADQ lists debut $2.5 billion bonds on London Stock Exchange

The fund sold a $1.25 billion five-year portion at 80 basis points over US Treasuries and another $1.25 billion 10-year tranche at 90 bps over the same benchmark

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