Banking & Finance

First Abu Dhabi Bank submits a non-binding offer for a majority stake in EFG Hermes

First Abu Dhabi Bank (FAB) announces that it has submitted a non-binding offer for a potential cash acquisition of a majority stake in Egyptian...

GFH Financial Group reports net profit of $84.22 million attributed to shareholders for 2021

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2021. Net profit attributable to shareholders was  US$23.88...

Commercial Bank of Dubai (CBD) reports record net profit, up 29.5% on the prior year

Commercial Bank of Dubai has delivered a net profit of AED 1,451 million for the year ended 31 December 2021, up 29.5% year-on-year. The...

A Nuanced Challenge

How does combatting climate change figure in your business mission imperatives?  It is mission critical, but to understand how and why we first need to...

“Low Visibility Ahead”: Emirates NBD announces investment outlook for 2022

Emirates NBD, one of the leading banking groups in the (MENAT) Middle East, North Africa and Turkey region, has released its global investment outlook...

Commercial Bank of Dubai and Postpay partnership is the latest FinTech-Bank collaboration designed with the consumer in mind.

Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the...

Al Ahli Bank of Kuwait headed towards further growth in DIFC with license upgrade

Keeping up with its reputation of being the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, DIFC announced...

Dubai Islamic Bank joins Etisalat Digital’s Blockchain platform “UAE Trade Connect”

Dubai Islamic Bank (DIB) has announced that it has become an official member bank of UAE Trade Connect (UTC). UTC is the first commercialised blockchain...

Mashreq reports AED 1 billion Net Profit for YE 2021

Mashreq, has reported its financial results for year ending 31st December 2021. Key highlights: Strong Growth in Operating Income & Net Profit Operating Income...

Arab Bank Group reports 61% growth in net profits and 20% cash dividends

Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of...

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