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Banking & Finance

UAE’s du secures licences to offer fintech services

Arabiya Capital Staff -
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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UAE banking sector poised for continued growth in 2024

Arabiya Capital Staff -
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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UAE financial system more secure, efficient than ever before, says CBUAE

Arabiya Capital Staff -
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
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Emirates NBD-Egypt expands footprint with Qena Governorate branch

Arabiya Capital Staff -
The opening of the new branch follows the opening of the Shebin Al-Kom branch in November 2023 and the Zagazig branch in Sharqia Governorate last month
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Egypt’s EFG Finance secures license for its new NBFI venture

Arabiya Capital Staff -
The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt
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Qatar Islamic Bank launches FAWRAN instant payment service

Arabiya Capital Staff -
The instant payments service offers a rapid and secure electronic payment solution, accessible 24/7
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Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

Arabiya Capital Staff -
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
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Islamic digital bank Ruya launches in UAE

Arabiya Capital Staff -
The Shariah-complaint bank seeks to revolutionise the modern banking experience based on its core values of prosperity, integrity, partnership and community
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ALEXBANK, Mastercard to launch new payment products in Egypt

Arabiya Capital Staff -
The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape
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FABMISR expands footprint with Banha City branch

Arabiya Capital Staff -
The inauguration of the new branch in Banha marks a significant strategic milestone for FABMISR.
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