Banking & Finance

Emirates NBD reinforces ESG commitment with new sustainability milestones

Emirates NBD is taking its commitment to sustainability to new heights. The bank has announced that four of its branches in the UAE and...

Standard Chartered to launch Digital Asset Custody Services in the UAE

Standard Chartered signed a memorandum of understanding (MoU) with Dubai International Financial Centre (DIFC) to collaborate on digital assets, including digital asset custody. Subject to...

RAKBANK launches digital on-boarding solution for instant credit cards through its banking app

RAKBANK has rolled out a new digital on-boarding solution that allows customers to apply for a RAKBANK Credit Card digitally. New customers will receive...

Abu Dhabi expands its International Financial District ten times greater than its current footprint.

Abu Dhabi is set to become one of the world’s largest International Financial Districts following the issuance of UAE Cabinet Resolution No. 41 for...

Tarabut Gateway raises US$32M to boost Open Banking in KSA

Tarabut Gateway announces the completion of a US$32 million Series A fundraise. The funding round was led by Pinnacle Capital, a leading alternative investment firm...

Mashreq reports a Net Profit of AED 1.6 Billion for the first quarter 2023

Mashreq announces the financial results for Q1 2023 demonstrating a robust performance and crossing the AED 200 billion in total assets milestone, as outlined...

FAB reports with a Group net profit of AED 3.9 billion in the first quarter

Key Highlights Strong start to 2023 with Group operating income of AED 6.7 billion, up 14% sequentially and 51% year-on-year, driven by sustained momentum...

National Bank of Fujairah announces Q1 2023 results with net profit surges 151.8% reaching AED 152 million

NBF announce its results for the three month period ended 31 March 2023. Highlights: NBF recorded year-on-year growth of 151.8% to close the three month...

RAKBANK announces quarterly Net Profit at AED 450 million for Q1’23

RAKBANK delivered a Net Profit increase of 105% for Q1 2023 driven by a robust and diversified growth on both sides of the balance...

UAE announces launching Domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) with size of AED 1.1 billion

The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE...

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