Banking & Finance

FAB reports full year 2021 Group Net Profit of AED 12.5 Billion, up 19% year-on-year

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, reported its financial results for the full...

Dubai Islamic Bank announce full year 2021 group financial results, net profits up by 39% YoY

Dubai Islamic Bank, the largest Islamic bank in the UAE and the second largest Islamic bank in the world, announced its results for the...

Standard Chartered receives in-principle approval to open its first branch in Egypt

Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its current representative office set-up, after obtaining the in-principle...

Ajman Bank provides Arada with AED152 million in financing for Sharjah megaproject Aljada

Ajman Bank has signed a financing agreement with local developer Arada that will provide AED152 million to finance the construction of two key projects...

DFSA grants ABK DIFC Branch Category 1 Banking License

DIFC announced today that it has been awarded a ‘Category 1 Banking License’ by the Dubai Financial Services Authority (DFSA). The license upgrade allows...

Citi launches sustainability-linked supply chain financing in Algeria

Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting...

Banque Saudi Fransi partners with Mastercard to launch the region’s first customizable cashback credit card

Banque Saudi Fransi (BSF) and Mastercard have partnered to launch the region’s first customizable cashback credit card that provides cardholders with the opportunity to...

Emirates NBD and DIFC FinTech Hive enter fifth year of partnership to nurture FinTech ecosystem in UAE

Emirates NBD has marked its fifth year of engagement with DIFC FinTech Hive, the largest financial technology hub in the Middle East, Africa and...

Commercial Bank of Dubai becomes the first bank in ME to launch an NFT collection

Commercial Bank of Dubai is hosting an NFT art exhibition at its Digital Lab in DIFC. The exhibition is presented in partnership with Amrita...

Emirates NBD joins UAE Trade Finance Gateway project led by Etihad Credit Insurance to ease liquidity access for businesses

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed an MoU with Emirates NBD and Crediti Fintech, for the implementation of...

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