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 […]
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 […]
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 […]
Dubai, UAE: RAKBANK has reported a record quarterly profit after tax of Dh1 billion for the first quarter of 2026, reflecting a 43% year-on-year increase, driven by strong balance sheet growth and a one-off gain from a business divestment. The bank’s performance was bolstered by a Dh473 million gain from the sale of its merchant […]
MANAMA, Bahrain: Singapore Gulf Bank (SGB) today announced the launch of its stablecoin mint and redeem service. Corporate and high-net-worth clients can now convert between fiat and stablecoins directly from their SGB accounts, enabling instant, 24/7 settlement without relying on traditional correspondent banking flows. To support the launch, in a banking industry first, SGB will waive […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful execution of a USD 250 million syndicated term loan facility (“Project Radium II”) for Dar Global plc, the London-listed luxury international real estate developer. Dar Global plc, which is majority owned by Dar Al […]
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March 2026. Net Profit attributable to the Shareholders of the Bank amounted to QAR 986 Million for the three months’ period ended 31 March 2026. Total Assets of the Bank as at 31 March 2026 stands at QAR 224 […]
Abu Dhabi, UAE, Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail Investment Company (JIC). The Jubail Island project, solely financed by ADIB from inception through to completion, reflects the Bank’s integrated approach to supporting landmark […]