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Banking & Finance

FAB distributes nearly AED 4 million as part of COVID relief measures to over 6,000 SME merchants

First Abu Dhabi Bank (FAB) is disbursing nearly AED 4 million in rebates to merchants as part of Abu Dhabi’s relief measures initiated by...

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Islamic Arab Insurance Company (“SALAMA”), a Shari'a compliant Takaful solutions provider announced a payment of surplus (cash returns) of AED11.5 million to eligible group...

China Construction Bank celebrates listing two green bonds on Nasdaq Dubai with total value USD 1.2 billion

His Excellency Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai today to celebrate...

GFH Financial Group reports financial results for first half 2020

GFH Financial Group announced its financial results for the first six months of the year ended 30 June 2020 (“the period”). Net profit attributable to...

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The groundwork has been laid for Indian investors who are looking to invest in Africa. During a recent virtual conference hosted by the Confederation of...

Abu Dhabi Islamic Bank reports H1 2020 net profit of AED 587.6 million and AED 2.5 billion in net revenue

Abu Dhabi Islamic Bank (ADIB) reported a net profit of AED 587.6 million and AED 2.5 billion in net revenue for H1 2020.  The...

Dar Al Takaful appoints Rajesh Sethi as CEO after acquisition of Noor Takaful

Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer...

AIIB to hold its first annual meeting in the middle east in the UAE

The Board of Governors of the Asian Infrastructure Investment Bank (AIIB) announced that its sixth Annual Meeting will be held in Dubai, United Arab...

FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally

First Abu Dhabi Bank (FAB) issued the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.6bn five-year issuance making this...

National Bank of Bahrain selects Infosys Finacle to digitally transform its transaction banking business

National Bank of Bahrain (NBB) and Infosys Finacle today announced the bank’s decision to adopt the Finacle Cash Management Suite to digitally transform its transaction...

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