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Banking & Finance

Qatar Islamic Bank launches FAWRAN instant payment service

The instant payments service offers a rapid and secure electronic payment solution, accessible 24/7

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier

Islamic digital bank Ruya launches in UAE

The Shariah-complaint bank seeks to revolutionise the modern banking experience based on its core values of prosperity, integrity, partnership and community

ALEXBANK, Mastercard to launch new payment products in Egypt

The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape

FABMISR expands footprint with Banha City branch

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

NBK-Egypt reports EGP 4.02 billion in annual net profit

Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023

UAE’s FAB unveils trade platform for asset managers MENASSA

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

Egypt’s FABMISR reports 131% increase in full-year profit

The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022

ICD, Banque Misr to provide $30 million SME finance

Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments

Abu Dhabi Islamic Bank launches new payment hub

The bank has worked with ProgressSoft to ease the integration of cross-border services and accelerate cross-border remittances

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