Banking & Finance

UAE banking sector poised for continued growth in 2024

Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion

National Bank of Fujairah hosts knowledge-sharing platform, taking stock of first year of UAE’s corporate tax regime

The National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events, providing a round-up of the recent developments...

Bank of Sharjah acts as Mandated Lead Arranger in a US$ 800 Million Syndicated Revolving Credit Facility for Investcorp Capital

Bank of Sharjah has acted as a Mandated Lead Arranger in a US$ 800 Million 4-year Syndicated Revolving Credit Facility for Investcorp Capital, alongside...

UAE financial system more secure, efficient than ever before, says CBUAE

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Egypt’s EFG Finance secures license for its new NBFI venture

The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt

Qatar Islamic Bank launches FAWRAN instant payment service

The instant payments service offers a rapid and secure electronic payment solution, accessible 24/7

WATCH: The MEA Finance Open Banking and Beyond Summit, held last March 8 2024 at Mina A’Salam Hotel, Dubai

https://youtu.be/osbKQTqQAFU On Friday the 8th of March, MEA Finance, in partnership with GSS Group and Fiorano, hosted the Open Banking and Beyond Summit 2024. Honoured...

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier

Mastercard and First Abu Dhabi Bank signs exclusive long-term global partnership to redefine the region’s payments landscape

Mastercard and First Abu Dhabi Bank (FAB) announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East,...

ALEXBANK, Mastercard to launch new payment products in Egypt

The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape

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