Banking & Finance

Dubai Islamic Bank and Al Ramz Corporation announce strategic alliance

Dubai Islamic Bank and Al Ramz Corporation announced a strategic partnership to leverage capital markets services and expand financial offerings to customers. In light of...

GFH reports net profit attributable to shareholders of US$66.24 million for first 9 months of the year

GFH Financial Group announced its financial results for the first nine months of the year ended 30 September 2022. The Group reported net profit attributable...

Network International and Mastercard to offer next-generation authentication solution to UAE e-commerce merchants

Network International and Mastercard are launching a 3-D Secure (3DS) 2 authentication solution for e-commerce transactions for UAE merchants and beyond. The innovative solution...

Mashreq comes on board to support COP27 following signing of MoU with Egypt’s COP Presidency

Mashreq announced the signing of a memorandum of understanding (MoU) with Egypt’s COP Presidency to formalize the Bank’s participation at this year’s United Nations...

Mashreq partnered with FinIQ to enhance client experience with an Integrated Wealth Management platform

Mashreq Bank, one of the leading financial institutions in the UAE, has signed a strategic agreement with FinIQ, the Singapore-based capital markets technology provider,...

Emirates NBD’s 9M’22 profit rises 25% to AED 9.1 billion with a strong growth in new lending and deposits

Emirates NBD’s profits jumped 25% in the first nine months of 2022, close to the level reported for the whole of 2021. Q3 profit...

National Bank of Fujairah reports 2022 interim results nine months net profit surges 155.1%

NBF announced its results for the nine month period ended 30 September 2022. Highlights: NBF recorded year-on-year growth of 155.1% to close the nine month...

FAB reports net profit of AED 10.9 billion for the first nine months of 2022, up 19% year-on-year

Profitability supported by revenue growth in a rising rate environment, and lower provision charges; cost discipline maintained while continuing to invest in the business 9M’22...

Mashreq reports 33% increase in operating profits, AED 2.6 billion Net Profit and 12.1% growth in advances for 9M 2022

Mashreq reported its financial results for the nine months ending 30th September 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

Dubai Islamic Bank nine months 2022 group financial results

Dubai Islamic Bank announced its results for the period ending September 30, 2022. 9M 2022 Highlights: Substantial growth in Group Net Profit of 34% YoY...

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