Banking & Finance

Citi commemorates 60 Years in the United Arab Emirates

Citi commemorated its 60th anniversary in the UAE in an exclusive event in the presence of CEO Jane Fraser, attended by Citi’s global and...

UAE’s ADIB safely test fractional Sukuks offering to retail investors

The cooperation fosters a secure environment for technological advancement and accelerates the development and market availability of fractional Sukuks

UAE banking sector’s net international reserves hit AED 1.27 trillion

The latest data showed that the central bank accounted for AED 771.6 billion of the sector’s net international reserves at the end of July

Mastercard joins Buna, the Arab Regional Payment System

Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent...

Mastercard partners with PayMate to advance digitization of B2B payments across EEMEA

Mastercard has entered a multi-year partnership with leading B2B payments company, PayMate to enable fast, secure and convenient digital business-to-business (B2B) payments for organizations...

FAB and Gilded launch digitally enabled physical gold investment for private banking clients

FAB Private Banking, a division of First Abu Dhabi Bank (FAB), has partnered with financial technology firm Gilded to launch an innovative new physical...

Mbank is the first digital bank to commit with SBTi and Improve Environment, Social, and Governance (ESG) practices to limit climate change

Al Maryah Community Bank (Mbank) is the first digital bank in the UAE to have signed a commitment letter with The Science Based Targets...

Mashreq reports a 9% Year-over-Year increase in 9M 2024 pre-tax profit to AED 6.5 billion

Mashreq report its strong financial performance for the first nine months of 2024, showcasing the bank's dedicated commitment to its strategic priorities. These include...

National Bank of Fujairah’s 9M profit jumps 39.3% to AED 715 million

The bank’s net profit after tax stood at AED 650.4 million – an achievement that reflected not only strategic foresight but also operational excellence

RAKEZ, ruya team up to offer Shari’ah-compliant digital banking solutions

ruya enables users to open and manage corporate bank accounts seamlessly while adhering to Islamic finance principles

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