#Fitch Ratings

Banking & Finance

Fitch says GCC banks show robust appetite for global expansion

MEA Finance - July 24, 2024 0

GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment

Banking & Finance

Ajman Bank posts AED 233 million in H1 2024 net profit

MEA Finance - July 19, 2024 0

The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion

Banking & Finance

SAMA regulations enhance Saudi Islamic banks’ Sharia governance, Fitch says

MEA Finance - July 9, 2024 0

The regulations issued cover profit-sharing investment accounts and aim to enhance Sharia compliance

Banking & Finance

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

MEA Finance - May 6, 2024 0

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

Banking & Finance

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

MEA Finance - March 28, 2024 0

The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”

Banking & Finance

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

MEA Finance - November 5, 2023 0

The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025

Banking & Finance

Islamic funds’ assets under management fall on rate rises

MEA Finance - September 20, 2023 0

Islamic funds’ AuM fell by 4% quarter-over-quarter (QoQ) in the GCC, Malaysia, Indonesia and Pakistan.

Banking & Finance

Fitch affirms Emirates Development Bank at ‘AA-‘

MEA Finance - April 17, 2023 0

Fitch Ratings has affirmed its 'AA-' Long-Term Issuer Rating (IDR) for Emirates Development Bank ('EDB' or 'the Bank') with a stable outlook. The agency maintained...

Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

July 27, 2024

NBF Reports a 46% Increase in Net Profit Before Tax to AED 484.9 Million for the First Half of 2024; Net Profit After Tax...

July 26, 2024

#Fitch Ratings

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Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

NBF Reports a 46% Increase in Net Profit Before Tax to AED 484.9 Million for the First Half of 2024; Net Profit After Tax...

Fitch says GCC banks show robust appetite for global expansion

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

Al Ansari Exchange launches Corporate Tax Collection Service at all branches in UAE

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Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

NBF Reports a 46% Increase in Net Profit Before Tax to AED 484.9 Million for the First Half of 2024; Net Profit After Tax...