Editors pick

Arab Financial Services (AFS) secures $50 Million capital investment

Arab Financial Services (AFS), a pioneering digital payments solutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in...

Ajman Bank announces record-breaking 9M’24 pre-tax profit of AED 313 Million, surging 458%

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Board of Ajman Bank, chaired the bank’s board meeting,...

GBM and Mashreq partner to power Core Banking Operations with Next-Gen IBM POWER 10 Processor

Gulf Business Machines (GBM), an end-to-end leading digital solutions provider and Mashreq, a leading financial institution in the MENA region, today announced a partnership...

United Arab Bank pre-tax net profit up by 12% for the first nine months of 2024

United Arab Bank has announced its financial results for the nine months ended 30th September 2024. UAB posted a net profit before tax of AED...

BSF’s Digital Transformation: Shaping the Future of Banking with Finacle

Sampathkumar: In the GCC, what trends are driving change in the corporate banking landscape and how is BSF strategically maneuvering to stay ahead of...

National Bank of Fujairah achieves three ISO certifications

Reaffirming National Bank of Fujairah (NBF)'s commitment to operational excellence across its business, the bank has achieved certification for three global quality standards. The...

AED Stablecoin obtains in-principal approval from the Central Bank of the UAE to establish and issue its own currency

AED Stablecoin LLC announces obtaining the Central Bank of the UAE’s in-principal approval to launch and establish its own currency, AE Coin, under the...

Arta Finance partners with Abu Dhabi’s Wio Invest to launch Wealth-as-a-Service for banks globally, unveils Arta AI Copilot

Fast-growing digital wealth management platform Arta Finance launches globally. Arta’s platform is now open to accredited investors in Singapore and to international investors open...

Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks

Backbase announced a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and...

AED1.1 billion Islamic Treasury Sukuk issued for September 2024

The Ministry of Finance (MoF), as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuance and payment agent,...

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