Tag: UAE
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
Network, Mastercard partner to revolutionise commercial payments
The new solutions will enable Network to tap into Mastercard’s global digital payment expertise, including expense management
Sharjah Islamic Bank successfully issues $500 million sukuk
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
HSBC launches global wealth trading platform in the UAE
The UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow
Wio Bank redefines SME banking with embedded finance services
UAE digital bank Wio Bank is introducing a new embedded finance service designed for the country’s small and medium-sized enterprises (SMEs).
The initiative, which includes...
Citi, Emirates NBD partner to launch US cross-border payments
Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments