Banking & Finance

aiBANK unveils a daily savings account with interest rates of up to 20%

Customers who opt for the new savings account can earn a daily interest rate of up to 20%

UAE’s du partners with Visa to debut innovative prepaid card

The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering

Mashreq successfully priced a US$500mn Additional Tier 1 bond offering with a coupon of 7.125 percent per annum on Monday 3rd June 2024. The transaction...

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE

Network leads launch of UAE domestic card scheme ‘Jaywan’

The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers

Emirates Development Bank launches with Tagit’s digital corporate banking product in three Months

Emirates Development Bank has launched a Cash Management online portal for its business clients, developed in collaboration with Tagit an omnichannel digital banking solutions...

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023

Islamic banks assets increased by AED 86 billion over past 12 months

The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%

DIFC publishes Regional Outlook for Banking and Capital Markets

Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’...

National Bank of Fujairah hosts knowledge-sharing platform focused on maximising investment horizons

The National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events, providing insights on investment management. The event...

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