Banking & Finance

First Abu Dhabi Bank reports Group Net Profit of AED 5.1 billion for the first quarter of 2022

First Abu Dhabi Bank (FAB) reported its financial results for the three-month period ended 31 March 2022. The Group produced a strong set of results...

Commercial Bank of Dubai (CBD) reports net profit of AED 431m, up 32.6% on the prior comparative period

Commercial Bank of Dubai (CBD) reported its financial results for the first quarter of 2022. Commercial Bank of Dubai has delivered a net profit of...

Dubai Islamic Bank 1st Quarter 2022 Group Financial Results

Dubai Islamic Bank announced its results for the period ending March 31, 2022. First Quarter 2022 Highlights: Significant growth in Group Net Profit of 58%...

Mashreq posts AED 606 million Net Profit for 1Q 2022

Mashreq has reported its financial results for the quarter ending 31st March 2022. Key highlights: Robust Growth in Operating Income & Net Profit Operating...

DIFC-based Tarabut Gateway becomes the first regulated Open Banking platform in the UAE after DFSA grants licence

Tarabut Gateway has been granted a licence by Dubai Financial Services Authority (DFSA) to provide money services in and from Dubai International Financial Centre...

First Abu Dhabi Bank withdraws its non-binding offer for majority stake in EFG Hermes Holding S.A.E.

After careful consideration and in the context of ongoing global market uncertainty and volatile macro-economic conditions, First Abu Dhabi Bank (FAB) has decided to...

Standard Chartered officially launches US$40m new head office building in Zambia

Standard Chartered Bank has officially launched its US$40m new head office building. President of the Republic of Zambia, Hakainde Hichilema officiated at the event and...

Mashreq NEO ties up with Federal Bank to facilitate NR Account opening for Indians in UAE

Mashreq NEO, a full-service digital bank from Mashreq Bank, announced a strategic partnership with Federal Bank, a leading financial institution in India to enable...

Mashreq and noon.com collaborate to launch VIP Savings Account

Mashreq and noon.com have partnered to launch the “Mashreq noon VIP Savings Account”. The initiative is the latest solution as part of a long-term partnership...

Magnati and Visa offer “Tap to Phone” solution in the UAE

Magnati has partnered with Visa to launch Tap to Phone in the UAE. The contactless solution facilitates acceptance of card payments through a smartphone. With...

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