Banking & Finance

Mashreq announces Rania Nerhal as Chief Client Experience & Conduct Officer for newly formed CXCG

Mashreq appointed Rania Nerhal as its Chief Client Experience & Conduct Officer. Rania will be leading the bank’s newly formed Client Experience & Conduct...

UAE residents confident in their skills to thrive despite COVID-19 slump

A Standard Chartered survey finds that COVID-19 is significantly impacting personal finances, with one-third of the global population already earning less, and more than...

Saxo Bank Group reported a net profit of USD 84.6 million for the first half of 2020

The Saxo Bank Group reported a net profit of USD 84.6 million for the first half of 2020 compared to a net loss of...

Mashreq Bank outlines investment trends to navigate the global economy in uncertain times

Mashreq, one of the leading financial institutions in the UAE, has released its economic outlook report for the second half of 2020. The bi-annual report...

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...

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