Banking & Finance

RAKBANK reports AED 2.6 billion profit for FY 2025 as total assets surpass AED 100 billion

RAKBANK has announced strong full-year 2025 financial results, delivering AED 2.6 billion in profit after tax, up 26 percent year on year, and crossing...

PayPal and NEO PAY partner to accelerate cross-border payments for businesses across the UAE

PayPal, a global digital payments and commerce platform, announced a strategic partnership with NEO PAY, the UAE’s fast-growing digital payments platform. With this partnership,...

Careem Pay expands remittances to Egypt, Lebanon, and the Philippines

Careem Pay, the digital payments platform within the Careem app, expands its remittance service with three major launches: mobile wallet transfers to Egypt, cash...

ADIB delivers record 2025 results with net profit before tax up 18% to AED 8.1 Billion

Abu Dhabi Islamic Bank (ADIB) reported a year of exceptional financial performance for the full year ended 31 December 2025, delivering record profitability, strong...

QNB Group becomes first and only bank in MEA in 2026 to surpass US$10 billion in brand value

QNB Group, a financial institution in the Middle East and Africa (MEA), has become the first bank in the region to exceed a banking...

ADIB hosts challenge for cybersecurity startups to drive the digital resilience

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, hosted the UAE Cybersecurity Innovation Challenge, an initiative aimed at promoting the development of cutting-edge...

Aafaq launches World Elite Mastercard credit card, new premium Islamic finance product

Mastercard has joined forces with Aafaq Islamic Finance (Aafaq) to introduce a new variant under its World Elite portfolio – the Aafaq World Elite...

HSBC the first global asset manager to launch onshore funds in the UAE

HSBC announced the launch of its new UAE asset management business and the registration of ten new onshore investment funds with the Securities &...

Wio Bank launches UAE’s first account for content creators

The 1 Billion Followers Summit, a summit dedicated to the content creation economy, in collaboration with Wio Bank, a UAE digital bank and Visa,...

Janus Henderson announces exclusive distribution arrangement with HSBC to launch innovative thematic global equity fund

Janus Henderson Investors announced the launch of the Janus Henderson Horizon Discovering New Alpha Fund (DNA), a global equity fund available exclusively to HSBC...

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