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UAE’s du secures licences to offer fintech services

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

UAE banking sector poised for continued growth in 2024

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

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

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Islamic digital bank Ruya launches in UAE

The neobank will offer a frictionless digital banking experience, built on strong security and intuitive design

FAB unveils new trade platform for asset managers MENASSA

The new platform is designed to navigate global regulatory complexities that impact investment flows

Magnati, Al Etihad Payments partner to provide instant digital payments

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

Sheikh Mansour makes first cross-border payment using digital currency

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

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

Net profit for Q4 2023 reached AED 1.5 billion with 29% growth versus Q4 2022

ADGM, Mastercard partner to empower SME community

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

ADIB launches B2B marketplace to empower SMEs

The online platform is an ecosystem for SMEs and allows businesses to digitally access multiple services and offers

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