Banking & Finance

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

Dubai Islamic Bank successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to...

AED500 million rights issue will make pharmaceutical manufacturer Julphar feel better

After two years of restructuring, Ras Al Khaimah-based Gulf Pharmaceutical Industries, better known as Julphar, is looking to raise AED500 million (US$136 million) on...

Souqalmal launches UAE’s first ‘Insure Now, Pay Monthly’ service to support residents amid the COVID – 19 crisis

As countries all over the globe continue to grapple with the financial impact of the Covid-19 pandemic, residents in the UAE haven’t been immune...

Natixis appoints new heads of United Kingdom and Middle East for Corporate & Investment Banking

Natixis is pleased to announce two senior appointments within its Corporate & Investment Banking business. Simon Eedle is appointed Senior Country Manager, United Kingdom...

Mashreq Bank and Shams announced partnership to support SMEs in Sharjah

Sharjah Media City (Shams) and Mashreq Bank have announced a strategic partnership to boost entrepreneurship and support business owners in Sharjah. The two entities signed...

Standard Chartered appoints CFO for Africa and Middle East

Standard Chartered has today announced the appointment of Subhradeep Mohanty as Chief Financial Officer (CFO) of the Africa and Middle East (AME) region. Subhradeep...

First Abu Dhabi Bank issued a five-year “Green Bond”

First Abu Dhabi Bank (FAB), the UAE's largest bank and one of the world's largest and safest financial institutions, has successfully issued a landmark...

ila Bank Bahrain launches its first “Virtual Internship Programme”

ila Bank Bahrain, a digital mobile-only bank in Bahrain, launches its first ever “Virtual Internship Programme” for university students and fresh graduates. The initiative...

PAYFORT launches #StartUpStayUp initiative to support startups in the UAE, Egypt and Saudi Arabia

PAYFORT, an Amazon company, has announced the launch of the #StartUpStayUp initiative which aims at supporting start-ups and small-to-medium sized businesses (SMB) across the...

Bank ABC Group enters founding partnership agreement with Bahrain Fintech Bay

Bank ABC, along with its subsidiaries, the digital, mobile-only, ila Bank, and the MEA region’s leading payment solutions provider and fintech enabler, Arab Financial...

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