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Banking & Finance

Bank of Sharjah reports net profit of AED80 million in Q1 2024

MEA Finance - 0
The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness
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Banking & Finance

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

MEA Finance - 0
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio
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Banking & Finance

Snowdrop, PwC Middle East partner to advance digital banking

MEA Finance - 0
Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region
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Banking & Finance

SocGen to sell Moroccan business for EUR 745 million

MEA Finance - 0
The transaction is subject to the usual condition’s precedent, including the approval of the relevant regulatory authorities
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Banking & Finance

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

MEA Finance - 0
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
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Banking & Finance

Egypt’s GAFI signs MoU with HSBC to boost foreign investments

MEA Finance - 0
HSBC will introduce and connect more international investors to the growing business opportunities in Egypt
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Banking & Finance

Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City

MEA Finance - 0
Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study
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Banking & Finance

GFH Financial Group posts $78.9 million in nine-month profit

MEA Finance - 0
The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022
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Banking & Finance

Standard Chartered to start operations in Egypt by year-end

MEA Finance - 0
The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.
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Banking & Finance

Emirates NBD makes equity investment in Komgo

MEA Finance - 0
The equity investment was made by Emirates NBD’s Innovation Fund, the banking group’s corporate venture fund.
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