Sharjah, United Arab Emirates, Invest Bank (INB) today announced its financial results for the quarter ended 31 March 2026, delivering strong growth in profitability supported by higher operating income, continued balance sheet expansion and sustained momentum across its core business segments. Profit Before Tax increased by 97% year-on-year to AED 22.4 million, while Profit After Tax […]
Oman’s Bank Nizwa has appointed Tariq Atiq as its new CEO with immediate effect. Atiq joined Bank Nizwa in December 2025 as Deputy CEO before taking over as acting CEO last month, following the exit of his predecessor Khalid Jamal Al Kayed. His 25-year banking career includes roles at the National Bank of Oman and […]
Source: Reuters Hong Kong: Major Middle Eastern banks are accelerating their expansion in Hong Kong as they seek to deepen connectivity with China and support growing trade and investment flows between the Middle East and Asia. According to a Reuters report, First Abu Dhabi Bank, the UAE’s largest lender by assets, plans to nearly double […]
Abu Dhabi, UAE: The Central Bank of the UAE (CBUAE) has announced key outcomes of its comprehensive proactive UAE support package aimed at strengthening the resilience of financial institutions and supporting customers impacted by economic disruptions. According to the CBUAE, the total value of facilities benefiting from the package reached AED6.2 billion. The measures included […]
The launch marks a significant milestone for the bank, positioning it among the global pioneers in Islamic Certificate of Deposit Programmes and the first in the UAE Programme size is set at USD 2 billion Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has successfully launched the UAE’s first Shari’ah-compliant […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, rang the market-opening bell at Abu Dhabi Securities Exchange (ADX) to mark its role as the first bank in the UAE to participate as a broker, through ADIB Securities, on Tabadul, ADX’s cross-border trading platform. Tabadul connects regional and international markets on a […]
As part of its ongoing efforts to enhance its transaction banking services and payment capabilities, Arab Bank plc (“Arab Bank”), a leading bank in MENA, announced it has leveraged the Kinexys Digital Payments network from Kinexys by J.P. Morgan, the firm’s industry-leading blockchain business unit, bringing Arab Bank’s diverse ecosystem across the Middle East on […]
Temenos’ cloud-native core banking and payments technology to support FAB’s regulatory alignment and strategic expansion in the Kingdom. GRAND-LANCY, Switzerland and COPENHAGEN, Denmark – MAY 05, 2026 – Temenos (SIX: TEMN), a global leader in banking technology, announced that First Abu Dhabi Bank (FAB), one of the largest regional financial institutions, is extending its long-standing […]
Visitors to the UAE can now open digital bank accounts within minutes using a new ‘Tourist Identity’ initiative launched on Wednesday, authorities said. The Central Bank of the UAE (CBUAE), in collaboration with the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) and Abu Dhabi Commercial Bank (ADCB), said the service allows non-resident […]
Cairo, Egypt – Mashreq Bank PSC (MASQ), one of the leading financial institutions in the MENA region, today delivered a strong first-quarter performance, with Operating Income growing to AED 3.4 billion and Net Profit Before Tax increasing to AED 2.3 billion for the quarter ended 31 March 2026, demonstrating the resilience of Mashreq’s globally diversified franchise through […]