Banking & Finance

National Bank of Fujairah announces Q1 2023 results with net profit surges 151.8% reaching AED 152 million

NBF announce its results for the three month period ended 31 March 2023. Highlights: NBF recorded year-on-year growth of 151.8% to close the three month...

RAKBANK announces quarterly Net Profit at AED 450 million for Q1’23

RAKBANK delivered a Net Profit increase of 105% for Q1 2023 driven by a robust and diversified growth on both sides of the balance...

UAE announces launching Domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) with size of AED 1.1 billion

The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE...

Emirates Development Bank and Emirates Islamic to collaborate on credit guarantee scheme supporting SMEs in the UAE

Emirates Development Bank (EDB) and Emirates Islamic have announced the signing of a Memorandum of Understanding (MoU) to collaborate on a joint credit guarantee...

Fitch affirms Emirates Development Bank at ‘AA-‘

Fitch Ratings has affirmed its 'AA-' Long-Term Issuer Rating (IDR) for Emirates Development Bank ('EDB' or 'the Bank') with a stable outlook. The agency maintained...

The Progress of Payments Processing

What are the key components in collectively improving the cross-border payments experience for customers? In 2020, the G20 made improving the cross-border movement of...

KPMG: Despite increase in cost of funds and liquidity constraints, Saudi banking industry reported robust growth in 2022

With the global banking industry making headlines in the past weeks, the Saudi banking sector published its annual results for 2022. According to KPMG,...

Standard Chartered Bank and Siemens Energy issue Qatar’s First Green Guarantee

Standard Chartered Bank and Siemens Energy today announced the issuance of the first Green Guarantee in the state of Qatar. This landmark initiative marks...

GFH concludes AGM with shareholders approving 6% cash dividends

GFH Financial Group announced the successful conclusion of its Annual General Meeting (AGM), which was held virtually, for the financial year ended 31st December...

Sygnum Bank Middle East launches in Abu Dhabi

Sygnum Bank Middle East has received a Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), following...

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