Banking & Finance

RAK AMI Hotel secures financing deal from RAKBANK

RAK AMI Hotel, a Ras Al Khaimah based company focused on developing and managing hotels in the emirate, has secured financing from the National...

Abu Dhabi Islamic Bank (ADIB) accelerates digital growth to support customer adoption

Abu Dhabi Islamic Bank (ADIB) launched its new Analytics Center of Excellence (‘ACE’), a fully integrated, real-time data analysis & visualisation center. ACE will...

3 out of every 5 Emirates NBD branches are now disability-friendly

As part of its long-term commitment to creating a disability-inclusive society, Emirates NBD has reaffirmed its commitment to continue transforming its branch network and...

First Abu Dhabi Bank shareholders approve cash dividends of AED 8.08 billion for the full year 2020 at General Assembly Meeting

First Abu Dhabi Bank (FAB) has approved the distribution of 74% cash dividends (AED 0.74 per share, implying total cash dividends of AED 8.08...

Emirates NBD launches anti-phishing campaign in collaboration with Dubai Police

As part of its commitment to safe, secure banking, Emirates NBD in partnership with Dubai Police joined hands with Leo Burnett, Dubai to launch...

GFH Financial Group reports net profit of $45.1 million attributed to shareholders for 2020

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2020. The Group reported net profit attributable to...

ADIB reports FY 2020 net profit of AED 1.6 billion driven by a resurgent second half net profit growth of 73% compared to H1...

Abu Dhabi Islamic Bank (ADIB) delivered strong recovery of 73% growth in net profit in H2 2020 compared to H1 2020 despite the continuing...

First Abu Dhabi Bank acquires Egypt’s Financial Regulatory Authority (FRA) custody license

First Abu Dhabi Bank (FAB) has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market regulator. The license will...

The shape of things to come

As a retail bank, what was your most influencing experience of 2020?  The commitment of our staff to focus on how we could continue to...

Mashreq posts AED 5.1 Billion Revenue for YE 2020

Mashreq reported its financial results for the year ending 31st December 2020. YoY decline in revenue by 14.1% to AED 5.1bn The decline is...

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