Tag: UAE
Beko secures EUR 350 million loan from Emirates NBD Capital
The three-year loan, which was oversubscribed by 200%, will be used to support Beko’s general corporate purposes and business development activities
Emirates NBD unveils millionaire account with AED 57 million prize pool
The account features a total prize pool of AED 57 million, distributed across various categories for Emiratis, residents, and businesses
Emirates NBD, BeZero Carbon partner for carbon market confidence
The collaboration aligns with Emirates NBD’s commitment to providing high-quality solutions in the developing Voluntary Carbon Market
Network International partners with Citi for corporate payment solutions
Citi will be able to offer its corporate clients superior payment management solutions, including enhanced transaction efficiency and seamless payment integration capabilities
Al Ansari to acquire Bahrain’s BFC Group Holdings for $200 million
The strategic acquisition will allow Al Ansari to expand its geographic presence and become the largest remittance and exchange in the GCC region
RAKBANK posts record AED 1.1 billion half-year profit
The National Bank of Ras Al Khaimah (RAKBANK) has reported a record AED 1.1 billion net profit, a 21% year-on-year (YoY) increase, driven by...
Mashreq’s net profit in H1 2024 increases 14% to AED4 billion
The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY
Dubai Islamic Bank posts AED 3.4 billion in half-year net profit
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
Mashreq allocates AED 1 billion in financing to industrial companies
The funding stimulates industrial companies by enabling them with additional financing solutions under the ‘Make it in the Emirates’ initiative
Ajman Bank posts AED 233 million in H1 2024 net profit
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion