Strong first quarter performance delivered by the effective implementation of strategy, resilient business model and operational continuity through the period. Net profit after tax of AED 3.361 billion translated to a RoAE of 16.3% Increasingly diversified revenue streams driving 18% YoY and 7% QoQ growth in operating income, with higher contribution from non-interest income, which was up 36% […]
Emirates NBD on Tuesday announced a profit before tax of Dh8.2 billion, up six per cent year-on-year, driven by strong balance sheet growth, resilient margins and record non-funded income growth. Dubai’s largest bank reported total income of Dh14.4 billion, an increase of 21 per cent year-on-year. Its net profit grew 27 per cent quarter-on-quarter to […]
The central bank also flagged data residency concerns, noting that information shared via such platforms could be stored or processed outside the UAE, potentially breaching local regulations. The Central Bank of the UAE has directed all banks and licensed financial institutions in the country to immediately stop using instant messaging platforms such as WhatsApp for financial […]
Ahead of the launch of KSA-1, MPE will serve as the global commercial application layer for financial services delivered on SpaceBelt KSA’s sovereign low-Earth orbit constellation. RIYADH, KINGDOM OF SAUDI ARABIA — April 21, 2026: MPE Solutions Inc. (“MPE” / “Modern Pay Engine”) today announced that it has entered into an agreement with SpaceBelt KSA […]
Group total assets up 6% year-to-date exceeding USD 400 billion for the first time RoTE remained firmly above medium-term guidance at 17.8% Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions reported strong results for the first quarter of 2026. Operating income increased by […]
Abu Dhabi: Embodying the vision of the wise leadership and implementing the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE, the CBUAE continued its strategic efforts to promote Emiratisation across […]
Kuwait: Reinforcing its position as one of the region’s leading financial institutions in asset management and investment banking, Kuwait Financial Centre “Markaz” announced that its Investment Banking team has won the “Best Investment Bank in Kuwait” award from Global Finance. This recognition marks Markaz’s 13th award from Global Finance, extending a track record of continued recognition […]
Al Ballam: We are committed to enhancing our customers’ buying power and providing for them an easier and more beneficial. We are keen to design offers of real value that are relevant to our customers’ daily lifestyles. In line with its commitment to enhancing and enriching its customers’ international digital shopping experience through unique campaigns […]
Abu Dhabi, UAE – BurjX, the UAE-born digital asset brokerage and custodian licensed by the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, today announced an enhancement to its service offering, further expanding how clients use stablecoins across multiple blockchain networks in connection with its regulated activities. Stablecoins have rapidly […]
UAE: Network International (Network), a leading fintech company across the Middle East and Africa (MEA), has announced a strategic partnership with WooCommerce, one of the world’s most widely used open-source e-commerce platforms. The partnership will empower merchants in the region to access seamless, secure, and locally relevant payment solutions, significantly boosting the digital economy. Through this […]