Reaffirms a shared commitment to pioneering innovation, setting an elevated benchmark for digital banking experiences across Oman. Muscat: Arab Financial Services (AFS), the Middle East and Africa’s premier digital payment solutions provider and fintech enabler, today announced a significant expansion of its enduring strategic partnership with Oman Arab Bank (OAB). This expansion reaffirms a shared […]
Vice Chairman and Group CEO Speaks on the Sidelines of the 1H2025 Analysts’ Conference Call Our loan portfolio recorded Strong growth, both in Kuwait and through our international operations Our regional and global footprint continues to play a key role in mitigating risks and sustaining earnings stability Confident in our ability to navigate challenges, we […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest […]
This strategic partnership marks a major milestone in the UAE’s journey to strengthen resilience, and harness artificial intelligence across every facet of its financial ecosystem. ABU DHABI – The Central Bank of the United Arab Emirates (CBUAE) and Presight, a leading AI and big data analytics company, have announced the launch of a groundbreaking joint […]
Abu Dhabi Islamic Bank (ADIB) today announced a 16 percent year-on-year increase in pre-tax net profit for the first half of 2025, reaching AED4 billion, reflecting strong balance sheet growth, continued business momentum, and a rising customer base. The bank delivered another record performance in Q2 2025, with pre-tax net profit up 14 percent year-on-year […]
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available in the UAE and beyond. Dubai, United Arab Emirates – Standard Chartered announced today the launch of the UAE’s first Sustainable Escrow and Account Bank solution, allowing clients to embed sustainability into their cash management strategies. The new solution enables […]
Emirates NBD’s income surges 12% to AED 23.9 billion on strong loan growth, regional expansion and innovative product offering. Lending increased by AED 41 billion (8%) in the first half of 2025, fuelled by very strong demand both in the UAE and across its growing international network. Deposits grew by AED 70 billion (10%) in […]
Abu Dhabi, UAE – July 23, 2025: The total banking sector assets in the UAE, including bankers’ acceptances, rose to over AED 4.749 trillion at the end of April 2025, reflecting a 0.6% month-on-month increase from approximately AED 4.719 trillion in March, according to the latest Monetary & Banking Developments – April 2025 report released […]
UAE: United Arab Bank (UAB) has announced a strategic partnership with Lune, a leading UAE-based fintech company specialising in AI-driven transaction enrichment and financial data analytics solutions. This collaboration is set to enhance UAB’s upcoming mobile banking experience by delivering smarter, data-driven, and hyper-personalised customer journeys—further positioning the bank as innovation-led and customer-centric. The signing ceremony was attended […]
Sharjah, UAE – Bank of Sharjah has announced its financial results for the period ended 30 June 2025. The Bank posted a net profit of AED 268 million for the first half of 2025, compared to AED 171 million for the same period last year, representing a 57% year-on-year increase. On a quarterly basis, net profit rose to AED 152 million […]