Banking & Finance

Al Maryah Community Bank in collaboration with Al Etihad Payments completes the first successful financial transaction on the new local “Jaywan” Debit Card

Al Maryah Community Bank announced that, as part of its participation in the launch of the local payment card system “Jaywan” by Al Etihad...

Egypt’s FABMISR reports 131% increase in full-year profit

The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022

ICD, Banque Misr to provide $30 million SME finance

Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments

Abu Dhabi Islamic Bank launches new payment hub

The bank has worked with ProgressSoft to ease the integration of cross-border services and accelerate cross-border remittances

NBK unveils ‘NBK Wealth’ for premium wealth management solutions

The new brand caters to a sophisticated group of ultra-high-net-worth individuals and institutions with a passion for maintaining and accelerating their financial wellness

BENEFIT records $77.1 billion in electronic transactions in 2023

All Fawri+ transactions reached a volume of nearly 335 million, a 37% increase from the previous year

National Bank of Umm al Qaiwain announces AED 502.61 Million net profit in 2023

National Bank of Umm Al Qaiwain (NBQ) announces its exceptional financial performance for the fiscal year 2023, marked by a record net profit of...

UAE’s Mashreq Global Network, ITIDA partner to expand operations in Egypt

Mashreq Global committed to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement

AFS, Xpence partner to innovate SME finance in Bahrain

The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector

GFH net profit increase 13.97% for 2023 attributable to shareholders totalling to US$ 102.86 million

GFH Financial Group announces its financial results for the fourth quarter and twelve months ended 31 December 2023. Net profit attributable to shareholders was US$23.94...

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