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Banking & Finance

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

MEA Finance -
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
Insurance

ADNIC completes acquisition of 51% stake in Allianz Saudi Arabia

MEA Finance -
ADNIC has been actively exploring opportunities and expanding its geographical footprint as part of its growth strategy
Banking & Finance

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

MEA Finance -
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

UAE’s du secures licences to offer fintech services

MEA Finance -
The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era
Banking & Finance

UAE banking sector poised for continued growth in 2024

MEA Finance -
Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion
Banking & Finance

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

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

Islamic digital bank Ruya launches in UAE

MEA Finance -
The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design
Banking & Finance

FAB unveils new trade platform for asset managers MENASSA

MEA Finance -
The new platform is designed to navigate global regulatory complexities that impact investment flows
Banking & Finance

Magnati, Al Etihad Payments partner to provide instant digital payments

MEA Finance -
Real-time payments enhance cash flow for merchants and customers benefit from an improved payment experience
Banking & Finance

Sheikh Mansour makes first cross-border payment using digital currency

MEA Finance -
Sheikh Mansour made the payment while attending a celebration marking the CBUAE’s 50th Anniversary
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