Banking & Finance

Standard Chartered Bank reports record H1 Operating Profit in the Africa and Middle East region

Standard Chartered released its financial results for the first half of the year ending 30 June 2022. In the Africa and Middle East (AME) region,...

FAB reports a Group Net Profit of AED 8.0 Billion for the first half of 2022, up 50% year-on-year

H1’22 highlights: Group Net Profit at AED 8.0 Billion, up 50% yoy; annualised Earnings per Share at AED 1.43 Total Income at AED 12.5...

National Bank of Fujairah posted results with H1 2022 Net profit reached AED 150.5 million on the back of strong business growth and asset...

NBF announced its results for the six month period ended 30 June 2022. Highlights: NBF recorded year-on-year growth of 97.5% to close the six month...

Citi and Etihad sign on first Sustainable Deposit Solution

Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched deposit solutions will further assist...

National Bank of Bahrain partners with Mastercard to enhance portfolio through new premium offerings

The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to elevate their existing offerings and provide...

Mashreq achieves 17% increase in operating profit and posts AED 1.4 billion Net Profit for 1H 2022

Mashreq reported its financial results for the first half ending 30th June 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

A growing and evolving regional market

What is driving the growth of wealth management and investment services in the GCC and the Middle East?  Local and global factors are at play...

Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth of UAE capital markets

BNY Mellon, one of the world’s largest financial institutions, and Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and...

Zand gets Central Bank licence and onboards its first customers

By successfully securing a UAE banking licence, Zand is now authorised and regulated to operate as a fully independent commercial bank. Zand’s Chairman, HE Mohamed...

Dar Al Takaful and Watania complete merger to form one of the leading national Takaful providers in the UAE

Dar Al Takaful (DAT) and Watania announced the completion of their merger effective on 1 July 2022 pursuant to the merger plan announced on...

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