The increase was due to AED5.1 billion growth in currency in circulation outside banks, overriding the AED1.4 billion decrease in monetary deposits. The Central Bank of the UAE (CBUAE) announced the increase in money supply aggregate M1 by 0.4%, from AED982.4 billion at the end of February 2025 to AED986.2 billion at the end of […]
Abu Dhabi, UAE – First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has become a Direct Participant (DP) of the Cross-border Interbank Payment System (CIPS), the official cross-border payment infrastructure for Renminbi (RMB). FAB’s direct participation in CIPS enhances its ability to provide clients with […]
Certifications within WELL at scale Programme enable the bank to measure performance, taking actions in areas impacting ESG and health Emirates NBD Group is already recognised as top organisation across both commercial and retail in MENA for LEED Platinum Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye […]
Bank wins five regional awards including “Middle East’s Best Bank 2025” showcasing a landmark year of strategic expansion, digital leadership and financial performance. Winner of three UAE awards including “UAE’s Best Bank”, “UAE’s Best Bank for ESG” and “UAE’s Best Investment Bank for Equity Capital Markets (ECM)” Dubai, United Arab Emirates: Emirates NBD, a leading banking […]
Dubai, UAE – Mashreq, a leading financial institution in the MENA region, has unveiled the NEO PLUS Saver Account – a high interest savings product designed to empower both salary and non-salary customers with market-leading returns and seamless digital access. Through the new account salary customers can earn 6.25% interest per annum in addition to a […]
Leonteq announced today that it has initiated a new partnership with Emirates Islamic, one of the leading financial institutions in the United Arab Emirates (UAE), for the manufacturing and distribution of Shari’a-compliant structured products. Building on its strategic expansion into the Gulf region, Leonteq launched a Shari’a-compliant trust certificate issuance programme (the Programme) in 2022 […]
Ajman, UAE – Ajman Bank has signed a distribution agreement with Azimut (DIFC) Limited, a subsidiary of the global asset management firm Azimut Group, to expand the range of investment solutions available to its wealth management clients. The agreement brings together Ajman Bank’s growing wealth platform with Azimut’s international investment expertise, enabling clients to access a […]
Abu Dhabi, UAE – Meedaf, an ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC, proudly announces a strategic joint venture with Brink’s a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. This collaboration is set to revolutionize the cash management and ATM managed services […]
KARACHI: Standard Chartered Pakistan and Emirates have entered into a strategic partnership by signing a Memorandum of Understanding (MoU). The collaboration offers significant benefits to Standard Chartered Credit Card holders, special fares on tickets purchased online through the Emirates website. Additionally, customers can opt to split their payments into convenient monthly instalments of up to 12 months. […]
Dubai – In a collaborative effort to support and engage with the Pakistani labor community, National Bank of Pakistan (NBP) and Instant Cash successfully organized a vibrant musical roadshow at DULSCO, Al Warsan Camp in Dubai on Saturday, May 24. Despite the soaring temperatures exceeding 50°C, the event witnessed an impressive turnout, reflecting the enthusiasm […]