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Banking & Finance

Network International provides an update for first half of 2020 trading performance

Network International Holdings plc provides an update on trading performance in the first half of the financial year and outlook for the remainder of...

Abu Dhabi Islamic Bank raises foreign ownership to 40%

Abu Dhabi Islamic Bank (ADIB) announced raising the percentage of foreign ownership to 40%, from 25%, of its issued capital effective from today. The...

ADIB records surge in demand for digital banking services

Abu Dhabi Islamic Bank (ADIB) has recorded high levels of digital adoption across its retail and corporate banking services in the first half of...

Deem launches its second branch as part of its strategic expansion plans in the UAE

Deem Finance is continuing its expansion in the United Arab Emirates with the launch of a second branch in Burjuman Mall in Dubai, UAE....

Finance House launches “Al Rabeh Guarantee” to support local businesses

Finance House announced the launch of its “Al Rabeh Guarantee”, the redefined letter of guarantee service, specially designed to tackle challenges that businesses face...

Ajman Department of Finance signs agreement with Al Ansari Exchange to facilitate government fee payment services

As part of its efforts to improve the quality of services and ensure customer happiness, Ajman’s Department of Finance announced that customers can now...

Emirates Islamic thanks UAE’s healthcare professionals during COVID-19 pandemic

As part of ongoing initiatives to honour the efforts of the UAE front-line workers protecting citizens and residents during the ongoing COVID-19 pandemic, Emirates...

DGCX partners with Albilad Capital to provide pricing data for Shari’ah compliant gold-backed ETF

The Dubai Gold and Commodities Exchange (DGCX) today announced that it has partnered with Albilad Capital to provide pricing data for the company’s recently...

EFG Hermes Holding and the Sovereign Fund of Egypt to start due diligence on the Arab Investment Bank following the receipt of approval from...

EFG Hermes Holding S.A.E. and the Sovereign Fund of Egypt are pleased to announce that they have received the approval of the Central Bank...

Ministry of Finance: companies that engage in any Relevant Activity must submit a notification of Economic Substance Regulations to its Regulatory Authority

The Ministry of Finance (MoF) indicated that all companies in the United Arab Emirates that engage in any of the Relevant Activities within the...

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