Banking & Finance

State-backed digital bank Wio Bank’s annual profit reaches $544,588

Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end

Emirates Islamic successfully issues USD 750 million 5 Year Senior Unsecured Sustainability Sukuk

Emirates Islamic has announced the successful pricing of its USD 750 million first ever Sustainability Sukuk, marking a significant milestone in the bank’s sustainable...

EFG Hermes buys minority stake in Danish fintech, Kenzi Wealth

The acquisition of a minority stake in Kenzi Wealth represents EFG Hermes’ significant commitment to driving innovation in the fintech sector

Egypt’s Noqood Finance secures SME finance licence

Noqood Finance aims to support entrepreneurship and finance SMEs, which are essential pillars of the national economy

United Arab Bank partners with Network International for its omnichannel payment solutions in the UAE

United Arab Bank (UAB) has collaborated with Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA), for...

e& enterprise and Payit partner to offer frictionless and secure payment experience for UAE businesses

e& enterprise announced a strategic partnership with Payit from First Abu Dhabi Bank (FAB) to transform payment acceptances and elevate customer satisfaction for businesses...

Emirates NBD, Pine Labs partner to strengthen merchant acquiring solutions

The bank plans to deliver cutting-edge merchant-acquiring processing solutions for its clients in the UAE, with plans to expand to Saudi Arabia and Egypt

Bank Nizwa inks sustainability-linked financing agreement with MSA Green

The initiative underscores Bank Nizwa’s dedication to leading sustainable development and advancing environmental objectives

WATCH: The MEA Finance Banking Technology Awards 2024 – spotlighting the innovative excellence of our region’s banking and financial technology leaders.

https://youtu.be/c_56WavWBhY The winners of the MEA Finance Banking Technology Awards 2024, held at the Ritz Carlton DIFC, Dubai UAE, were presented on the 9th of...

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023

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