The UAE Central Bank and Abu Dhabi-based artificial intelligence company Core42 are to build a sovereign financial cloud services infrastructure. The UAE-based system is supported by “centralised, highly secure, dedicated and isolated infrastructure”, the central bank said in a statement on Wednesday. This will ensure data sovereignty, boost operational agility and provide protection against cyber threats, while […]
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced a landmark partnership with EDGE Group, one of the world’s leading advanced technology and defence groups. The agreement, formalised at a signing ceremony, will see Emirates Islamic provide innovative Islamic banking financing solutions tailored to meet EDGE Group’s diverse treasury […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched a new cashback programme in collaboration with mimojo, reinforcing its commitment to delivering greater everyday value and enhanced digital experiences for customers. The new programme will be available to all ADIB cardholders, including debit and covered card customers, who can enrol […]
Robust growth in Net Financing Assets of 23% YoY to AED 262 billion, with Sukuk investments reaching AED 91 billion, up 10% YoY Customer Deposits accelerated by 29% YoY to AED 320 billion Pre tax profit grew by 20% to AED 9.0 billion against normalised FY’24 pre tax profit of AED 7.5 billion* Proposed dividend of […]
PayTic, a leading fintech modernizing and automating day-to-day payment operations for banks, fintechs, and processors, today announces that Arab Bank has become the first Bank in the Middle East to adopt its platform — marking a landmark moment in the region’s payment infrastructure evolution. Founded in 2020, PayTic provides a no-code, processor-agnostic platform that automates […]
Arab Bank Group achieved strong financial performance for the year ending December 31, 2025, with a net profit after tax USD 1130 million compared to USD 1007 million in 2024, reflecting a growth of 12%. The Group’s equity position also reflects financial stability and resilience, standing at USD 13.2 billion at year-end. The impressive results were driven by […]
Ahmad Mohammad Al-Bahar: Gulf Bank continued to strengthen its position in Kuwait’s banking sector, underpinned by a competitive business model and robust governance. Kuwait’s economic landscape showed signs of improvement, supported by fiscal reforms and renewed development activity. Our financial performance reflects our balanced approach to meaningful growth, while maintaining a high-quality loan portfolio. Gulf […]
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 2025. 50 years of sustainable growth – all-time high profitability… FY’25 performance supported by net interest margin of 4.3%, an industry leading CASA ratio of 65%, and a […]
Abu Dhabi – Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today announced its financial results for the year ended 31 December 2025, delivering strong growth and record profit. Recommended cash dividend of AED 0.63 per share for 2025, representing a total payout of AED 4.985 bn and equivalent to 44% of net profit. Key financial […]
Total assets increased 16% yoy to AED 1.40 trillion RoTE at 19.2% remaining firmly above medium-term guidance The Board recommends a cash dividend of 80 fils per share for FY’25, subject to shareholders’ approval Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions today […]