Banking & Finance

Commercial Bank of Dubai and Dubai Culture partners for smart banking solutions that meet the needs of Creative SMEs

Dubai Culture and Arts Authority (Dubai Culture) signed a partnership agreement with Commercial Bank of Dubai (CBD) to enable owners of creative small and...

First Abu Dhabi Bank announces the sale of a 60% stake in Magnati to Brookfield Business Partners

First Abu Dhabi Bank today announced that it has signed an agreement for the sale of a 60% stake in its payments business Magnati,...

Capital Bank of Jordan launches Blink neobank using Codebase Technologies Digibanc platform

In March 2021, Capital Bank of Jordan partnered with Codebase Technologies to build Blink, the first digital-only neobank in Jordan. The project officially commenced...

Mashreq invests in NymCard as part of venture fund to support UAE FinTech ecosystem

Mashreq has taken a stake in NymCard, the only Banking-as-a-Service provider in the Middle East, to help grow the booming FinTech ecosystem in the...

Emirates Development Bank and Dubai Islamic Bank sign MoU on credit guarantee for SMEs

The Emirates Development Bank, a key financial enabler of the country’s economic diversification and industrial transformation agenda, and Dubai Islamic Bank – the largest...

‘Phenomenal’ pace of Middle Eastern reforms and new working week will see capital inflows surge in the UAE

Economic reforms across the Middle East have set conditions for a surge of new liquidity into the region and a re-appraisal of prospects for...

GFH Financial Group launches GCC $100 million Sukuk Fund

GFH Financial Group (GFH) has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk...

Standard Chartered Bank reports its highest operating profit since 2015 in the Africa and Middle East region.

Standard Chartered PLC today released its financial results for the full year and fourth quarter ending 31 December 2021. See link here In the Africa...

HSBC launches green repurchase agreements with QNB transaction

HSBC has launched a new green finance instrument in the Middle East, North Africa and Turkey region that will help increase the short term...

Bank ABC announces 2021 results, reports a net profit of US$100 million attributable to the shareholders of the parent

The Group delivered solid results during 2021, benefitting from a pick-up in activities across its core markets and much lower impairment charges. The current...

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