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Banking & Finance

UAE’s du partners with Visa to debut innovative prepaid card

MEA Finance - 0
The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions
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Banking & Finance

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

MEA Finance - 0
The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE
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Banking & Finance

Network leads launch of UAE domestic card scheme ‘Jaywan’

MEA Finance - 0
The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers
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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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