Banking & Finance

Saudi EXIM Bank, HSBC and SABB sign MoU to advance Trade & Export Finance and Credit Insurance Collaboration

Saudi EXIM Bank announced that it has launched a strategic partnership with HSBC Bank Middle East Limited (“HSBC”) and Saudi British Bank (“SABB”), both...

Standard Chartered ‘Saadiq’ launches USD 100 million Islamic Financial Programme

Standard Chartered ‘Saadiq’ in collaboration with the Malaysian Halal Development Corporation, the launch of a USD 100 million Islamic financial programme dedicated to supporting...

Emirates Development Bank, Dubai Industries & Exports sign strategic pact to boost industrial growth, exports

Emirates Development Bank, a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a strategic agreement with Dubai Industries...

GFH Financial Group net profit attributable to shareholders rises for the first nine months of 2021

GFH Financial Group announced its financial results for the third quarter and first nine months of the year ended 30 September 2021 (“the period”). The...

Emirates Development Bank, National Bank of Fujairah sign MoU on credit guarantee, co-lending for SMEs in the UAE

The Emirates Development Bank (EDB) announced the signing of a Memoradum of Understanding with National Bank of Fujairah (NBF)to offer credit guarantee and co-lending...

ADIB strengthens Fraud Management capabilities with SAS and Microsoft

Abu Dhabi Islamic Bank (ADIB) has reinforced its cloud-based fraud management technology in collaboration with industry leaders SAS and Microsoft. The new solution, powered...

FAB reports Group Net Profit for the first nine months of 2021, up 26% year-on-year

First Abu Dhabi Bank (FAB) reported its financial results for the nine-month period ended 30 September 2021. The Group generated a net profit of AED...

Saudi Arabia signs Memorandum of Understanding with HSBC in sustainable investment drive

The Ministry of Investment of the Kingdom of Saudi Arabia has signed a Memorandum of Understanding (“MoU”) with the HSBC Group to identify and...

Commercial Bank of Dubai (CBD) reports net profit, up on the prior period

Commercial Bank of Dubai (CBD) reported its financial results for the first nine months of 2021. Commercial Bank of Dubai has delivered a net profit...

Emirates NBD Asset Management strengthens ESG commitment as signatory to UN-supported Principles for Responsible Investment

Emirates NBD Asset Management, part of Emirates NBD has strengthened its commitment to responsible investment by becoming a signatory of the United Nations-supported Principles...

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