Banking & Finance

UAE Banks Federation celebrates journey from 1982 to 2022

UAE Banks Federation, the unified representative and voice of UAE banks, reaffirmed its commitment to continuing efforts and initiatives and enhancing its capabilities to...

MEA Finance Awards 2022, the most eagerly anticipated and high-profile occasion celebrating the outstanding achievements of the regions banking and financial technology sectors.

The MEA Finance Awards 2022 were presented yesterday during the annual gala dinner at the Ritz Carlton, JBR Hotel. The packed occasion was graced...

Dubai Islamic Bank and Al Ramz Corporation announce strategic alliance

Dubai Islamic Bank and Al Ramz Corporation announced a strategic partnership to leverage capital markets services and expand financial offerings to customers. In light of...

GFH reports net profit attributable to shareholders of US$66.24 million for first 9 months of the year

GFH Financial Group announced its financial results for the first nine months of the year ended 30 September 2022. The Group reported net profit attributable...

Network International and Mastercard to offer next-generation authentication solution to UAE e-commerce merchants

Network International and Mastercard are launching a 3-D Secure (3DS) 2 authentication solution for e-commerce transactions for UAE merchants and beyond. The innovative solution...

Mashreq comes on board to support COP27 following signing of MoU with Egypt’s COP Presidency

Mashreq announced the signing of a memorandum of understanding (MoU) with Egypt’s COP Presidency to formalize the Bank’s participation at this year’s United Nations...

Mashreq partnered with FinIQ to enhance client experience with an Integrated Wealth Management platform

Mashreq Bank, one of the leading financial institutions in the UAE, has signed a strategic agreement with FinIQ, the Singapore-based capital markets technology provider,...

Emirates NBD’s 9M’22 profit rises 25% to AED 9.1 billion with a strong growth in new lending and deposits

Emirates NBD’s profits jumped 25% in the first nine months of 2022, close to the level reported for the whole of 2021. Q3 profit...

National Bank of Fujairah reports 2022 interim results nine months net profit surges 155.1%

NBF announced its results for the nine month period ended 30 September 2022. Highlights: NBF recorded year-on-year growth of 155.1% to close the nine month...

FAB reports net profit of AED 10.9 billion for the first nine months of 2022, up 19% year-on-year

Profitability supported by revenue growth in a rising rate environment, and lower provision charges; cost discipline maintained while continuing to invest in the business 9M’22...

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