Muscat – Omani startup SafaQat, which focuses on digital procurement and supply, has secured new investment from Future Fund of Oman (FFO) and ITHCA Group. Supervised by Authority for Small and Medium Enterprises Development (ASMED), the startup is seen as part of the broader push to build a sustainable digital economy in the sultanate. Founded by […]
Emirates NBD’s income surges 12% to AED 23.9 billion on strong loan growth, regional expansion and innovative product offering. Lending increased by AED 41 billion (8%) in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network. Deposits grew by AED 70 billion (10%) in […]
Abu Dhabi, UAE – July 23, 2025: The total banking sector assets in the UAE, including bankers’ acceptances, rose to over AED 4.749 trillion at the end of April 2025, reflecting a 0.6% month-on-month increase from approximately AED 4.719 trillion in March, according to the latest Monetary & Banking Developments – April 2025 report released […]
Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened. UAE – MultiBank Group, one of the world’s largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the […]
UAE: United Arab Bank (UAB) has announced a strategic partnership with Lune, a leading UAE-based fintech company specialising in AI-driven transaction enrichment and financial data analytics solutions. This collaboration is set to enhance UAB’s upcoming mobile banking experience by delivering smarter, data-driven, and hyper-personalised customer journeys—further positioning the bank as innovation-led and customer-centric. The signing ceremony was attended […]
Sharjah, UAE – Bank of Sharjah has announced its financial results for the period ended 30 June 2025. The Bank posted a net profit of AED 268 million for the first half of 2025, compared to AED 171 million for the same period last year, representing a 57% year-on-year increase. On a quarterly basis, net profit rose to AED 152 million […]
RoTE at 20.5% in H1’25, firmly on track with medium term guidance of above 16% Total assets grew 11% ytd to AED 1.34 trillion underpinned by broad-based growth across the franchise Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a record financial […]
Nairobi, Kenya – Absa and Visa have renewed their strategic partnership to accelerate the development of innovative, inclusive, secure, and digitally enabled financial payment ecosystems across Absa’s Regional Operations (ARO) which incorporates Absa’s presence outside South Africa. The agreement, formalised at a signing ceremony in Johannesburg, marks a significant milestone in a relationship that has driven […]
Ajman, United Arab Emirates: His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank’s Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial activities. Ajman Bank announced a profit before tax of AED […]
Partnership to accelerate digital transformation, enhance customer experience, and support inclusive growth through Shari’ah-compliant solutions Amman, Jordan; 22 June 2025: Mastercard and Jordan Islamic Bank (JIB), one of the largest banks operating in the country, are collaborating to drive innovation and expand access to Shari’ah-compliant digital payment solutions. JIB will leverage Mastercard’s payment technologies and advisory […]