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Kuwait’s NBK sells alternative investments business to Janus Henderson

Janus Henderson plans to launch several emerging markets-focused alternative strategies in the second half of 2024

Bank of Sharjah reports net profit of AED80 million in Q1 2024

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

UAE’s FAB posts 6% rise in Q1 profit to AED 4.2 billion

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

Visa instalment solution now live for ADIB cardholders

Visa said last October that it is working with local issuers and acquirers in the UAE

EFG Hermes ONE secures FRA approval to operate digital onboarding eKYC

The cutting-edge solution is a pivotal component of EFG Hermes ONE’s mission to promote financial inclusion in Egypt

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million

Mashreq Egypt, Visa introduce innovative Mashreq NEO Visa card

The Mashreq NEO Visa Card is a fusion of cutting-edge technology, seamless banking services and benefits to meet customers’ evolving needs

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

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

ADIB signs an agreement with Astra Tech

The deal makes ADIB the first bank to provide users across the UAE access to financial services on the Botim Ultra app

ADCB’s brand value surges to $2.7 billion in 2023

The bank is the only financial institution from the GCC region to be represented in this top 10 global list

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