Banking & Finance

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

Ajman Bank records historic high with annual profits of AED 440 million, up 213%

His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, and Chairman of the Board of Directors...

Mashreq expands corporate banking footprint to Oman with tailored financial solutions

Mashreq has announced its entry into Oman, seeking to strengthen its position with a range of personalized financial services tailored for the Sultanate’s evolving...

EAZY Financial Services “Eazypay” partners with Tarabut to deliver SME POS financing in Bahrain

Bahrain’s SMEs now have a unique opportunity to access tailored financing solutions, thanks to a groundbreaking partnership between EAZY Financial Services “EazyPay”, a prominent...

Qatar’s QNB Group reports 8% rise in full-year net profit

The total dividend distribution for the year ended December 31, 2024, amounts to 70% of the nominal share value (QAR 0.70 per share)

ADIB, IFZA partner to deliver seamless business banking services in the UAE

The partnership reinforces a shared commitment of both companies to provide quick and convenient access to digital banking services and financial solutions

Mashreq celebrates one year of its global Climb2Change mission

Through Climb2Change, Mashreq demonstrates its commitment to integrating ESG principles into its operations and outreach

Standard Chartered: GCC To Maintain Economic Resilience Amid Global Uncertainty in 2025

Standard Chartered announced its Global Market Outlook for 2025. In its report, the Bank highlighted the Gulf Cooperation Council (GCC) is expected to remain...

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