Banking & Finance

Dubai Islamic Bank successfully prices USD 1 billion Sustainable Sukuk

Dubai Islamic Bank, rated A3 by Moody's and A by Fitch successfully priced its second Sustainable Sukuk – a landmark USD 1 billion 5.5-year senior issue with a profit rate...

CBUAE launches a Financial Infrastructure Transformation Programme to accelerate the digital transformation of the financial services sector

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman...

GFH reports net profit of US$90.25 million attributed to shareholder for 2022

GFH Financial Group announced its financial results for the fourth quarter and twelve months ended 31 December 2022. Net profit attributable to shareholders was US$24.02...

Al Fardan Exchange expands its offering of digital wallet options on its AlfaPay app in Africa and Asia

Al Fardan Exchange , a money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab...

“Adapting to unpredictability” Emirates NBD announces investment outlook for 2023

Emirates NBD released its global investment outlook for 2023. Themed, “Adapting to unpredictability” the 2023 outlook was revealed by Maurice Gravier, Chief Investment Officer...

Investopia signs a MOU with Emirates Development Bank

Investopia, the global investment platform launched by the UAE Government in September 2021, announced a new partnership through signing a Memorandum of Understanding (MoU)...

Al Ansari Financial Services set to drive further growth across money exchange and transfer

Al Ansari Exchange announced that its parent has undergone a comprehensive restructuring and has been renamed to Al Ansari Financial Services. This restructuring creates...

Dubai’s DIFC announces ‘DIFC Metaverse Platform’

Dubai International Financial Centre (DIFC) announced the launch of the “DIFC Metaverse Platform”, in line with the Dubai Higher Committee for Future Technology and...

Mashreq reports 39% increase in operating profits, net profit of AED 3.7 billion

Mashreq reported its financial results for the year ending 31st December 2022. Key highlights: Robust Growth in Operating Income & Net Profit Operating profit at...

FAB reports full year 2022 Group Net Profit of AED 13.4 Billion, up 7% year-on-year

Record profitability driven by strong underlying business performance in a rising rate environment; prudent risk management and cost discipline maintained amid continued investments  FY’22...

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