Banking & Finance

National Bank of Fujairah launches the first-of-its-kind SME community platform in the UAE

National Bank of Fujairah (NBF) announced the launch of NBF Connect, a dedicated and exclusive banking platform for Small and Medium Enterprises (SMEs) and...

Bahraini businessman wins US$500,000 from Ahli United Bank

Mr Faisal Abdulla Mohammed Swar, a Bahraini clothier businessman, has won the highly anticipated US$500,000 Eid Al Adha prize of the 2020 MyHassad edition,...

GFH increases GB Corporation shareholding to majority stake of 50.4%

GFH Financial Group today announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. (“GB Corp”) giving the Group a...

ENBD REIT hedges AED 400m facility with Mashreq Bank

ENBD REIT the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has executed a Shari’a-compliant profit rate swap with Mashreq Bank, on...

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...

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