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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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Banking & Finance

Islamic digital bank Ruya launches in UAE

MEA Finance - 0
The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design
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Banking & Finance

FAB unveils new trade platform for asset managers MENASSA

MEA Finance - 0
The new platform is designed to navigate global regulatory complexities that impact investment flows
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Banking & Finance

Magnati, Al Etihad Payments partner to provide instant digital payments

MEA Finance - 0
Real-time payments enhance cash flow for merchants and customers benefit from an improved payment experience
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Banking & Finance

Sheikh Mansour makes first cross-border payment using digital currency

MEA Finance - 0
Sheikh Mansour made the payment while attending a celebration marking the CBUAE’s 50th Anniversary
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Banking & Finance

ADIB full year net profit rises 45% to AED 5.25 billion

MEA Finance - 0
Net profit for Q4 2023 reached AED 1.5 billion with 29% growth versus Q4 2022
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Banking & Finance

ADGM, Mastercard partner to empower SME community

MEA Finance - 0
The two entities will work with local banking partners to issue SME cards, which will offer a seamless and secure way to manage business expenses
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