Banking & Finance

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...

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

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