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Mashreq Bank outlines investment trends to navigate the global economy in uncertain times

Mashreq, one of the leading financial institutions in the UAE, has released its economic outlook report for the second half of 2020. The bi-annual report...

National Bank of Fujairah launches the first-of-its-kind SME community platform in the UAE

National Bank of Fujairah (NBF) announced the launch of NBF Connect, a dedicated and exclusive banking platform for Small and Medium Enterprises (SMEs) and...

Bahraini businessman wins US$500,000 from Ahli United Bank

Mr Faisal Abdulla Mohammed Swar, a Bahraini clothier businessman, has won the highly anticipated US$500,000 Eid Al Adha prize of the 2020 MyHassad edition,...

GFH increases GB Corporation shareholding to majority stake of 50.4%

GFH Financial Group today announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. (“GB Corp”) giving the Group a...

Noor Takaful and Ajman Bank enter strategic partnership

Noor Takaful (a Dar Al Takaful company), has entered a strategic partnership with Ajman Bank. The partnership will see the addition of an array...

ENBD REIT hedges AED 400m facility with Mashreq Bank

ENBD REIT the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has executed a Shari’a-compliant profit rate swap with Mashreq Bank, on...

FAB distributes nearly AED 4 million as part of COVID relief measures to over 6,000 SME merchants

First Abu Dhabi Bank (FAB) is disbursing nearly AED 4 million in rebates to merchants as part of Abu Dhabi’s relief measures initiated by...

Digital banking for the post-pandemic reality

As with many other industries, the financial sector has had to adjust to rapid changes as a result of the spread of novel coronavirus....

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Islamic Arab Insurance Company (“SALAMA”), a Shari'a compliant Takaful solutions provider announced a payment of surplus (cash returns) of AED11.5 million to eligible group...

China Construction Bank celebrates listing two green bonds on Nasdaq Dubai with total value USD 1.2 billion

His Excellency Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai today to celebrate...

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