Banking & Finance

Al Ahli Bank of Kuwait headed towards further growth in DIFC with license upgrade

Keeping up with its reputation of being the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, DIFC announced...

Dubai Islamic Bank joins Etisalat Digital’s Blockchain platform “UAE Trade Connect”

Dubai Islamic Bank (DIB) has announced that it has become an official member bank of UAE Trade Connect (UTC). UTC is the first commercialised blockchain...

Mashreq reports AED 1 billion Net Profit for YE 2021

Mashreq, has reported its financial results for year ending 31st December 2021. Key highlights: Strong Growth in Operating Income & Net Profit Operating Income...

Arab Bank Group reports 61% growth in net profits and 20% cash dividends

Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of...

FAB reports full year 2021 Group Net Profit of AED 12.5 Billion, up 19% year-on-year

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, reported its financial results for the full...

Dubai Islamic Bank announce full year 2021 group financial results, net profits up by 39% YoY

Dubai Islamic Bank, the largest Islamic bank in the UAE and the second largest Islamic bank in the world, announced its results for the...

Standard Chartered receives in-principle approval to open its first branch in Egypt

Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its current representative office set-up, after obtaining the in-principle...

Ajman Bank provides Arada with AED152 million in financing for Sharjah megaproject Aljada

Ajman Bank has signed a financing agreement with local developer Arada that will provide AED152 million to finance the construction of two key projects...

DFSA grants ABK DIFC Branch Category 1 Banking License

DIFC announced today that it has been awarded a ‘Category 1 Banking License’ by the Dubai Financial Services Authority (DFSA). The license upgrade allows...

Citi launches sustainability-linked supply chain financing in Algeria

Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting...

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