Banking & Finance

National Bank of Fujairah reports 2022 interim results nine months net profit surges 155.1%

NBF announced its results for the nine month period ended 30 September 2022. Highlights: NBF recorded year-on-year growth of 155.1% to close the nine month...

FAB reports net profit of AED 10.9 billion for the first nine months of 2022, up 19% year-on-year

Profitability supported by revenue growth in a rising rate environment, and lower provision charges; cost discipline maintained while continuing to invest in the business 9M’22...

Mashreq reports 33% increase in operating profits, AED 2.6 billion Net Profit and 12.1% growth in advances for 9M 2022

Mashreq reported its financial results for the nine months ending 30th September 2022. Key highlights: Strong Growth in Operating Income & Net Profit Operating...

Dubai Islamic Bank nine months 2022 group financial results

Dubai Islamic Bank announced its results for the period ending September 30, 2022. 9M 2022 Highlights: Substantial growth in Group Net Profit of 34% YoY...

UAE Banks Federation, the Central Bank and the Cyber Security Council, organises a workshop to simulate cyber attacks

Under the supervision of the Central Bank of the UAE, the UAE Banks Federation organised the largest simulated cyberattack in the Middle East, in...

Dubai Islamic Bank publishes its Sustainable Finance Framework

Dubai Islamic Bank PJSC announced the publication of its Sustainable Finance Framework  which was created to facilitate the financing of green and social initiatives...

Virtuzone and Wio Bank partner to drive digital innovation and give SMEs the ability to open a fully digital business bank account

Virtuzone, the UAE’s leading Company Formation Specialists and corporate services provider, has joined forces with Wio Bank, the region’s first platform bank, to revolutionise...

Al Ansari Exchange, first Exchange Company in UAE to implement a complete digital KYC journey in collaboration with the Ministry of Interior

Al Ansari Exchange, in cooperation with the Ministry of Interior (MOI), launched a complete digital KYC journey through new-age facial recognition to onboard new...

HSBC expands private banking to cater to UAE’s growing millionaires

HSBC is expanding its existing private banking business in the UAE to cater to a fast-growing high net worth investor base that wants to...

DIB to implement a complete digital KYC journey for New to Bank Customers in collaboration with the UAE Ministry of Interior

Dubai Islamic Bank (DIB) announced its collaboration with the UAE Ministry of Interior (MOI) at GITEX GLOBAL. The new collaboration will enable the bank...

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