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 […]
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 […]
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: 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 […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, has launched the region’s first personal finance management tool, the ADIB Money Management Tracker, in partnership with Lune, an Emirati fintech company. This innovative offering, is set to change how customers manage their personal finances, allowing them to gain more control […]
MUSCAT – Mashreq, one of the leading financial institutions in the MENA region, has announced its entry into Oman, seeking to strengthen its position with a range of personalized financial services tailored for the Sultanate’s evolving corporate and public sectors. This strategic move underscores Mashreq’s intent to contribute to Oman’s Vision 2040, with ambitions to […]
Dubai, United Arab Emirates and Manama, Bahrain: Daleel, the Middle East’s personalized financial marketplace, has announced its expansion into the UAE. Daleel, which was founded in Bahrain, has seen unprecedented success and popularity in its home fintech market, seamlessly bridging the gap between customers and financial institutions through its innovative platform. Its strategic growth coincides with […]
His Excellency Ambassador Mr. Naveed Safdar Bokhari served as the Chief Guest at the award ceremony of a cricket tournament organized for the blue-collar community at Pakistan School Muscat. The event was co-sponsored by the National Bank of Pakistan, United Arab Emirates, and Al Jadeed Exchange, Oman. In his address, the Ambassador commended the organizers […]