Banking & Finance

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier

Mastercard and First Abu Dhabi Bank signs exclusive long-term global partnership to redefine the region’s payments landscape

Mastercard and First Abu Dhabi Bank (FAB) announced an exclusive long-term global partnership, building on their long-standing collaboration, in the Eastern Europe, Middle East,...

ALEXBANK, Mastercard to launch new payment products in Egypt

The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape

BEEAH and Emirates Islamic sign landmark ESG Agreement

BEEAH Group and Emirates Islamic officially entered a joint agreement for a groundbreaking partnership that includes Environmental, Social, and Governance (ESG) linked financing facility,...

UAE Trade Connect rebrands to “haifin”, supporting its broader vision to expand beyond UAE

UAE Trade Connect (UTC), an e& enterprise company and the first commercialised blockchain platform transforming trade finance in the UAE, unveiled its new brand...

Islamic digital bank Ruya launches in UAE

The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design

ADIB shareholders approve dividend of 71 fils per share for 2023

The dividend represents an increase from 49 fils per share in 2022, constituting 49% of the bank’s net profit for the year

Mastercard partners with Central Bank of Jordan to build a more robust digital payment ecosystem in the Kingdom

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The collaboration supports the Central Bank...

Emirates NBD partners with DIFC Innovation Hub and Hale Education Group to support InnovAIte Hackathon

Emirates NBD announces their support of InnovAIte Hackathon, the first national AI Hackathon run by students for students in the UAE. The initiative, created...

Mashreq closes US$88 million syndicated term loan facility for Joint-Stock Commercial Bank “Agrobank”

Mashreq, a leading financial institution in the MENA region, announced the closing of a US$88 million one-year syndicated term loan facility for Joint-Stock Commercial...

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