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Banking & Finance

ADCB aims to double net profit to AED20 billion in five years

MEA Finance - 0
ADCB’s full-year net profit rose by 15% in 2024 to AED 9.42 billion in 2024 from AED 8.21 billion a year earlier
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Banking & Finance

Al Ansari, Halan partner to pioneer multiple financing services

MEA Finance - 0
The partnership underscores Al Ansari and Halan’s shared commitment to enhancing financial inclusion while delivering cutting-edge solutions
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Banking & Finance

Emirates NBD, ADIB close finance deal for London student housing

MEA Finance - 0
The 50/50 club deal marks a significant collaboration between the two banks and enhances the UAE’s banking presence in key international markets
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Digital Payments

UAE payments revenue to reach $27.3 billion by 2028, BCG says

MEA Finance - 0
Transaction volumes in the UAE are projected to rise significantly, from 1.7 billion in 2023 to over 3.1 billion by 2028
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Banking & Finance

UAE Government launches KYC platform for enhanced financial data

MEA Finance - 0
The UAE central bank will oversee and regulate the operations of the company managing the KYC platform
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Banking & Finance

UAE’s ADIB safely test fractional Sukuks offering to retail investors

MEA Finance - 0
The cooperation fosters a secure environment for technological advancement and accelerates the development and market availability of fractional Sukuks
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Banking & Finance

UAE banking sector’s net international reserves hit AED 1.27 trillion

MEA Finance - 0
The latest data showed that the central bank accounted for AED 771.6 billion of the sector’s net international reserves at the end of July
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Banking & Finance

ADCB posts 30% growth in nine-month net profit

MEA Finance - 0
The bank’s total assets grew by 19% to AED 639 billion by the end of September 2024, with net loans and advances to customers increasing by 21%
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Banking & Finance

Dubai’s Emirates NBD posts AED 19.0 billion in nine-month profit

MEA Finance - 0
The banking group’s deposit base strengthened significantly, with AED 60 billion added by September 2024
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Banking & Finance

Standard Chartered pioneers sustainable borrowing base trade loans

MEA Finance - 0
The solution will be available in the US, UK, UAE, South Africa, Singapore and Hong Kong, with further market launches expected in the future
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