RoTE remained firmly above the Group’s medium-term guidance at 18.5% 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 strong performance in the first half of 2026. In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED […]
These ratings place FAB at the top end of global bank credit quality, underpinned by strong standalone fundamentals. Abu Dhabi, First Abu Dhabi Bank (FAB), the UAE’s global bank, has reinforced its position as the highest-rated banking group in the MENA region and among the highest-rated globally, with AA- or equivalent ratings and stable outlooks […]
SHARJAH, UAE – Bank of Sharjah reported a strong financial performance for the first half of 2026, posting a 35% year-on-year increase in net profit to AED 362 million, driven by robust revenue growth, higher net interest income, and disciplined cost management. The bank’s net operating income rose 26% to AED 553 million, while net […]
JPMorgan will hire 30 EMEA corporate bankers before year-end Latest sign of US banks seeking more corporate clients in EMEA Headcount to rise 60% in five years in Middle East, North Africa, Turkey, Poland LONDON, July 15 (Reuters) – JPMorgan (JPM.N), opens new tab has launched an expansion of its corporate banking business in Europe, the Middle […]
DUBAI – Dubai Islamic Bank (DIB) reported net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion in the same period last year, while pre-tax profit rose 1% year-on-year to AED4.334 billion. In a statement issued on Tuesday, the bank said gross revenue increased 10% year-on-year to AED12.439 […]
QNB reported a 3% jump in net profit for the first six months of 2026 to reach QR8.7bn, demonstrating the stable nature of QNB Group’s financial results despite global headwinds. Earnings per share increased by 5% from June 2025 to reach QR0.89. Total equity increased by 10% from June 2025 to reach QR130bn. Operating income […]
Abu Dhabi, UAE, Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases. For the first time in the emirate, eligible homebuyers will be able to access up to 75% off-plan home financing through ADIB. Available exclusively for future Modon […]
Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Wio Bank to provide alternative banking services for members. The collaboration will provide small and medium-sized enterprises (SMEs) with streamlined access to business account opening and financing solutions designed to support their growth and operational efficiency. Through this collaboration, members of the Dubai […]
Deutsche Bank announced the expansion of its operations in Qatar with the establishment of a Research Centre of Excellence, reinforcing its long-term commitment to the Middle East and its role in supporting clients with differentiated insights across one of the world’s most dynamic markets. Deutsche Bank is connecting global investors with opportunities in the region The Bank’s […]
Deutsche Bank announced that it has been granted a Regional Headquarters license (RHQ) by the Ministry of Investment of Saudi Arabia (MISA), marking a further milestone in the Bank’s long-standing commitment to the Kingdom and the wider Middle East region. Regional Headquarters License: Central platform for Deutsche Bank’s regional management The regional headquarters will be based […]