Banking & Finance

Banking & Finance

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

MEA Finance - 0
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...
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Banking & Finance

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

MEA Finance - 0
The Emirates Development Bank, a key financial enabler of the country’s economic diversification and industrial transformation agenda, and Dubai Islamic Bank – the largest...
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Banking & Finance

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

MEA Finance - 0
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...
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Banking & Finance

GFH Financial Group launches GCC $100 million Sukuk Fund

MEA Finance - 0
GFH Financial Group (GFH) has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk...
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Banking & Finance

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

MEA Finance - 0
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...
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Banking & Finance

HSBC launches green repurchase agreements with QNB transaction

MEA Finance - 0
HSBC has launched a new green finance instrument in the Middle East, North Africa and Turkey region that will help increase the short term...
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Banking & Finance

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

MEA Finance - 0
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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Banking & Finance

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

MEA Finance - 0
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...
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Banking & Finance

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

MEA Finance - 0
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...
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Banking & Finance

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

MEA Finance - 0
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...
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