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Banking & Finance

Islamic banks assets increased by AED 86 billion over past 12 months

MEA Finance - 0
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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Banking & Finance

Emirates NBD, Pine Labs partner to strengthen merchant acquiring solutions

MEA Finance - 0
The bank plans to deliver cutting-edge merchant-acquiring processing solutions for its clients in the UAE, with plans to expand to Saudi Arabia and Egypt
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Banking & Finance

Standard Chartered offers retail investors access to UAE-domiciled funds within DIFC

MEA Finance - 0
The bank has partnered with leading international companies to provide best-in-class products to its retail clients, including Amundi
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Banking & Finance

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

MEA Finance - 0
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio
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Banking & Finance

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

MEA Finance - 0
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
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Insurance

ADNIC completes acquisition of 51% stake in Allianz Saudi Arabia

MEA Finance - 0
ADNIC has been actively exploring opportunities and expanding its geographical footprint as part of its growth strategy
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Banking & Finance

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

MEA Finance - 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+”
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Banking & Finance

UAE’s du secures licences to offer fintech services

MEA Finance - 0
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
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Banking & Finance

UAE banking sector poised for continued growth in 2024

MEA Finance - 0
Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion
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Banking & Finance

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

MEA Finance - 0
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
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