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Banking & Finance

FABMISR posts 139% surge in first-half net profit

Arabiya Capital Staff -
Customers’ deposits rose by 39% to EGP 278.7 billion compared to December 2023
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ADIB accelerates cloud adoption to enhance customer experience

Arabiya Capital Staff -
Cloudera Public Cloud on Azure has empowered ADIB to enhance data operations, delivering greater cost efficiency, flexibility, and scalability
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Emirates NBD, BeZero Carbon partner for carbon market confidence

Arabiya Capital Staff -
The collaboration aligns with Emirates NBD’s commitment to providing high-quality solutions in the developing Voluntary Carbon Market
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Network International partners with Citi for corporate payment solutions

Arabiya Capital Staff -
Citi will be able to offer its corporate clients superior payment management solutions, including enhanced transaction efficiency and seamless payment integration capabilities
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EFG Holding’s quarterly profit surges by 95% to EGP 791 million

Arabiya Capital Staff -
The banking group’s commercial banking division posted EGP 426 million in Q2 net profit, a 55% YoY as revenue growth outpaced the growth in expenses
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Bahrain’s BBK, DP World Trade Finance partner to boost region trade

Arabiya Capital Staff -
The deal is expected to drive growth, improve operational efficiency, and provide comprehensive support to businesses navigating the complexities of regional and global trade
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Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

Arabiya Capital Staff -
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
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JLL, Mashreq partner to attain LEED zero carbon certification for global HQ

Arabiya Capital Staff -
The 38,484 sqm Mashreq Global Headquarters in Downtown Dubai was awarded the LEED Zero Carbon certification from the US Green Building Council
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Emirates NBD launches new branch in Riyadh’s financial district

Arabiya Capital Staff -
The new destination in KAFD will cater to the community workforce, high-net-worth individuals HNWIs and business owners
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Gulf International Bank posts $41 million in Q2 2024

Arabiya Capital Staff -
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
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