Banking & Finance

EFG Holding posts EGP 14.7 billion in full-year revenues

The group’s net profit rose 47% YoY to EGP 3.2 billion in 2023, supported by the increase in profit at its brokerage division, asset management, Valu, and aiBANK

UAE central bank maintains the base rate at 5.40%

The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year

UAE’s du secures licences to offer fintech services

The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era

A History of Progress

What do you think was behind NBF’s strong results in 2023? Well, before I attribute the strong results to various businesses, I would like to...

UAE banking sector poised for continued growth in 2024

Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion

National Bank of Fujairah hosts knowledge-sharing platform, taking stock of first year of UAE’s corporate tax regime

The National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events, providing a round-up of the recent developments...

Bank of Sharjah acts as Mandated Lead Arranger in a US$ 800 Million Syndicated Revolving Credit Facility for Investcorp Capital

Bank of Sharjah has acted as a Mandated Lead Arranger in a US$ 800 Million 4-year Syndicated Revolving Credit Facility for Investcorp Capital, alongside...

UAE financial system more secure, efficient than ever before, says CBUAE

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Egypt’s EFG Finance secures license for its new NBFI venture

The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt

Qatar Islamic Bank launches FAWRAN instant payment service

The instant payments service offers a rapid and secure electronic payment solution, accessible 24/7

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