Banking & Finance

BEEAH and Emirates Islamic sign landmark ESG Agreement

BEEAH Group and Emirates Islamic officially entered a joint agreement for a groundbreaking partnership that includes Environmental, Social, and Governance (ESG) linked financing facility,...

UAE Trade Connect rebrands to “haifin”, supporting its broader vision to expand beyond UAE

UAE Trade Connect (UTC), an e& enterprise company and the first commercialised blockchain platform transforming trade finance in the UAE, unveiled its new brand...

Islamic digital bank Ruya launches in UAE

The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design

ADIB shareholders approve dividend of 71 fils per share for 2023

The dividend represents an increase from 49 fils per share in 2022, constituting 49% of the bank’s net profit for the year

Mastercard partners with Central Bank of Jordan to build a more robust digital payment ecosystem in the Kingdom

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The collaboration supports the Central Bank...

Emirates NBD partners with DIFC Innovation Hub and Hale Education Group to support InnovAIte Hackathon

Emirates NBD announces their support of InnovAIte Hackathon, the first national AI Hackathon run by students for students in the UAE. The initiative, created...

Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

Mashreq, a leading financial institution in the MENA region, announced the closing of a US$88 million one-year syndicated term loan facility for Joint-Stock Commercial...

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

Dubai Islamic Bank successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243%...

FAB unveils new trade platform for asset managers MENASSA

The new platform is designed to navigate global regulatory complexities that impact investment flows

NBK-Egypt reports EGP 4.02 billion in annual net profit

Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023

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