Banking & Finance

Al Fardan Exchange partners with Visa for enhanced global money movement solution

Al Fardan Exchange has rolled out its new cross-border remittance service through Visa Direct, in collaboration with Visa, a world leader in digital payments....

Mashreq reports record AED 9.9 billion net profit in 2024

 The bank’s net profit after AED 869 million tax stood at AED 9 billion, marking a 4% rise from the previous year

UAE’s ADIB posts AED6.1 billion in net profit for 2024

ADIB’s board recommended a cash dividend per share of 83 fils for 2024, amounting to AED3.03 billion

Commercial Bank of Dubai propels UAE’s AI vision with ‘Promptathon’ Copilot event in partnership with Microsoft

Commercial Bank of Dubai (CBD) hosted a Microsoft Copilot Promptathon event, partnering with the Microsoft Innovation Hub, aligning with the UAE’s vision to lead...

Emirates NBD posts AED 23 billion net profit after tax in 2024

Revenue climbed to over AED 44 billion in 2024, driven by the group’s strategic investment in digital banking and branch networks

ADCB aims to double net profit to AED20 billion in five years

ADCB’s full-year net profit rose by 15% in 2024 to AED 9.42 billion in 2024 from AED 8.21 billion a year earlier

Network International powers UAE’s first Jaywan cards for Emirates NBD

Network International has been appointed by Emirates NBD to enable acceptance of Jaywan cards issued by the bank at Network’s merchant terminals. Network will...

RAKBANK profit hit record AED 2 billion for the first time

RAKBANK said that its profit after tax hit a record AED 2.1 billion, up 16% year on year

FAB deploys Oracle Fusion Cloud HCM to build an AI-ready workforce

With Oracle Cloud HCM, FAB will be able to unify, plan, manage, and optimise global people processes with one common data source

ADCB achieves 100% Emiratisation across branches in Al Ain

The bank has set an industry benchmark in Emiratisation where all its branches at Al Ain now employ approximately 300 UAE national professionals

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