In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the Bank’s business lines. The […]
Standard Chartered announced today the launch of its direct custody services in Egypt, further expanding its global post-trade offering across the Middle East and North Africa (MENA). This important milestone builds on the successful rollout of its direct custody services in the Kingdom of Saudi Arabia earlier this year and reflects the Bank’s broader strategy […]
In just four months, the bank implemented Finastra Corporate Channels and upgraded to the latest version of Finastra Trade Innovation. Dubai, UAE – Finastra, a global leader in financial services software, announced that AlRayan Bank, one of Qatar’s largest Islamic banks with an international footprint, has successfully gone live with Finastra Corporate Channels, enhancing and […]
The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the “Middle East winner” at The Banker’s Technology Awards 2025, a recognition […]
Aimed at supporting Ajman Bank’s ambitious net-zero and sustainable finance strategy. Ajman, UAE – In a move to contribute towards sustainable transformation of the UAE economy, Ambipar, a global leader in environmental and carbon solutions, and Ajman Bank, one of the UAE’s most dynamic financial institutions, are proud to announce a long-term strategic partnership aimed at […]
Muscat, Oman – [6 August 2025] – Amid strong economic momentum in Oman, ahlibank has announced its interim financial results for the first half of 2025, showcasing solid growth across all major performance indicators. The bank’s results reflect a strategic focus on innovation, sustainability, and community impact, solidifying its position as a leading financial institution […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has issued its 2024 Financial Stability Report, which includes a comprehensive assessment of financial system stability and financial developments across sectors amidst increased global challenges and risks. The report affirmed the robustness of the UAE banking sector, supported by strong capital and liquidity buffers, alongside […]
Manama, Kingdom of Bahrain: Khaleeji Bank, one of the leading Islamic Banks in the Kingdom of Bahrain, has recently announced an exclusive, limited time package of privileges for clients who apply to transfer their credit card balances to Khaleeji. Through this offer, Khaleeji will waive its profit for six months, reducing the profit rate to 0% […]
This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. Abu Dhabi: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement […]
Ajman, United Arab Emirates: Ajman Bank, one of the leading Shariah-compliant banks in the UAE, has partnered with MENSA Technologies, an innovative fintech company, in a strategic alliance aimed at enhancing the delivery of Wage Protection System (WPS) services across the region. This collaboration combines Ajman Bank’s robust banking infrastructure with MENSA Technologies’ agile digital payroll […]