Ahmad Mohammad Al-Bahar: Gulf Bank continued to strengthen its position in Kuwait’s banking sector, underpinned by a competitive business model and robust governance. Kuwait’s economic landscape showed signs of improvement, supported by fiscal reforms and renewed development activity. Our financial performance reflects our balanced approach to meaningful growth, while maintaining a high-quality loan portfolio. Gulf […]
Dubai/Paris – OFZA Fintech Virtual Asset Exchange LLC (OFZA), a UAE-based regulated Virtual Asset Service Provider (VASP), has entered into a non-binding strategic collaboration with Trakx, a global fintech company registered with the French financial markets regulator (AMF) and specialising in the research and design of Crypto Tradable Index (CTI) methodologies, to advance research, market insight, and […]
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 2025. 50 years of sustainable growth – all-time high profitability… FY’25 performance supported by net interest margin of 4.3%, an industry leading CASA ratio of 65%, and a […]
Classera, the global leader in Edtech, has officially announced of leading a strategic joint venture (JV) between its dedicated EdTech venture builder & accelerator, (C.XSEED), and two powerhouse partners: SuperCharger Ventures and Falak Business & Investment (Falak Group). The joint venture aims to act as a factory for Edtech Startups in emerging markets, accelerating the […]
Dubai, UAE – EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, has announced its first investment in the Gulf region, leading a $50 million growth capital round raised by Kitopi, the Middle East’s leading next-generation F&B ecosystem. The funding will fuel the expansion of Kitopi’s leading homegrown brands across high-growth markets, including […]
Dubai, United Arab Emirates: Receiptable, a fintech that empowers retailers and financial institutions to drive higher customer engagement through frictionless digital receipts, today announced a new funding round led by 21 Ventures, with participation from Oraseya Capital, AngelsDeck VC and follow-on investment from existing backer Salica Investments. The new capital will enable Receiptable to grow its […]
Abu Dhabi – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today announced its financial results for the year ended 31 December 2025, delivering strong growth and record profit. Recommended cash dividend of AED 0.63 per share for 2025, representing a total payout of AED 4.985 bn and equivalent to 44% of net profit. Key financial […]
Positions the UAE among the first major financial jurisdictions globally to implement a fully regulated framework for USD-denominated settlement for digital assets. Universal is the UAE’s first Registered Foreign Payment Token Issuer. Regulated by the FSRA (ADGM) with a Financial Services Permission to issue a Fiat-Referenced Token. USDU reserves are fully backed 1:1 with U.S. dollars, safeguarded […]
Total assets increased 16% yoy to AED 1.40 trillion RoTE at 19.2% remaining firmly above medium-term guidance The Board recommends a cash dividend of 80 fils per share for FY’25, subject to shareholders’ approval Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions today […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank PJSC (ADIB), a leading Islamic financial institution, has expanded its long-standing partnership with Etihad Guest, the award-winning loyalty programme of Etihad Airways. Together with global digital payments leader Visa, ADIB has launched the new premium Etihad Guest Visa Infinite Covered Card offering exclusive rewards and benefits tailored for today’s […]