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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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Banking & Finance

Türkiye’s Ziraat Bank expands global reach with Dubai office

MEA Finance - 0
The DIFC office will focus on enhancing relationships with regional financial institutions and facilitating international operations of its clients
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Banking & Finance

UAE’s Emirates NBD joins PBAF to boost biodiversity

MEA Finance - 0
The decision reflects Emirates NBD’s recognition of the vital role biodiversity plays in economies and livelihoods worldwide
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Banking & Finance

UAE’s EDB commits to financing national development, SME growth

MEA Finance - 0
The UAE development lender reaffirmed its commitment to bridging the financing gap and prioritising strategic sectors
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Banking & Finance

Etihad Credit Insurance signs financing deal with FAB, Natixis

MEA Finance - 0
Trafigura will receive a $150 million revolving credit facility for two years to finance its acquisitions of non-hydrocarbon commodities
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Banking & Finance

Emirates NBD unveils new program to drive UAE equity investments

MEA Finance - 0
The initiative provides investors with a convenient way to diversify their portfolios while contributing to the overall growth of the UAE’s economy
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