Ras Al Khaimah, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for the full year and the fourth quarter of 2024 Highlights Full year 2024 Total Income AED 4.7B +7% YoY Total Assets AED 88.3B +19% YoY Deposits AED 59.6B +18% YoY Return on Equity 18.4%FY’24 Return […]
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a leading global venture capital firm, today announced the launch of 500 MENA, L.P. (the “Fund”), a new fund dedicated to investing in high-growth technology startups across the Middle East and North Africa (MENA) region both from outside and inside the current 500 Global portfolio. This strategic move positions 500 […]
Dubai, United Arab Emirates – Pluto, UAE’s leading corporate card and expense management platform, has announced the successful raise of US$4.1 million in a pre-Series A funding round. The news comes just weeks after co-founder Mohammed Ridwan announced that the company had crossed AED 1Billion in spend under Pluto’s management. The round was led by […]
23 January 2025: Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has announced the joining of Reem Finance, a leading company in the UAE’s financial services industry, to the strategic network of its Xport Xponential program partners. This collaboration, formalised through the signing of a Memorandum of Understanding (MoU) between H.E. Raja Al Mazrouei, CEO […]
Dubai, UAE—23 January 2025—DKK Digital FZE, based in the Dubai World Trade Centre, as a subsidiary of DKK, has successfully secured an in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA). This is an important milestone in DKK’s journey to becoming a regulated Virtual Asset Service Provider (VASP) in the UAE. Founded in England, DKK Partners […]
Ajman Government Media Office – His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman, Chairman of the Executive Council, and Chairman of the Board of Directors of Ajman Bank, presided over the Ajman Bank Board of Directors meeting. The meeting was attended by Sheikh Rashid Bin Humaid Al Nuaimi, Chairman of the Municipality […]
UAE-based Al Hilal Bank, the Islamic banking subsidiary of Abu Dhabi Commercial Bank (ADCB) Group, has announced the appointment of Jamal Al Awadhi as its new CEO. Al Awadhi will spearhead the bank’s “ambitious growth trajectory” and drive its digital-first strategy. Al Awadhi initially joined Al Hilal Bank in May 2023 as deputy CEO. Prior […]
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according to the UAE Venture Investment Report from MAGNiTT, the venture capital data platform. Oraseya Capital, which plays a pivotal role in supporting startups, […]
Dubai, UAE: Mastercard has initiated a collaboration with ruya, a new digital Islamic community bank in the UAE, to launch innovative debit and credit card products for individual and commercial customers. The global technology company in the payments industry has become ruya’s single scheme partner for all card issuance and beyond. The bank will also benefit […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region has won two prestigious recognitions at the 2024 awards by The Banker, namely ‘Bank of the Year in the UAE 2024’ and ‘Best Private Bank in the UAE’. Emirates NBD was awarded the title of ‘Bank of the […]