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 […]
Dubai, United Arab Emirates, April 29th, 2026: RAKBANK today reaffirmed its long-standing commitment to the UAE’s SME sector, announcing a series of measures aimed at strengthening business resilience, maintaining credit flow and enabling growth during a period of heightened global uncertainty. For over five decades, supporting small and medium enterprises has been at the core […]
Operating Profit up 12% YoY to AED 2.5 billion, reflecting a highly efficient operating model Broad-based revenue growth across key businesses translating into strong earnings quality with AED 2.1 billion in pre-tax Net Profit and pre-tax ROTE of 21% Disciplined balance sheet growth with net financing and sukuk investments up 3% YTD to AED 364 […]
Al-Bahar: NBK’s performance underscores the strength and resilience of its business model amid heightened regional and global uncertainty Our strong operational efficiency and disciplined execution enabled us to navigate a rapidly evolving geopolitical landscape with confidence The Bank continues to reinforce its position as a trusted partner in supporting national economic stability and delivering sustained […]
Abu Dhabi, United Arab Emirates; 24 April 2026: The Abu Dhabi Securities Exchange (ADX) Group has expanded its post-trade ecosystem with the addition of First Abu Dhabi Bank (FAB) as a General Clearing Member (GCM), marking a key step in advancing its market infrastructure to support greater institutional and international participation. FAB joins a growing […]
Strong first quarter performance delivered by the effective implementation of strategy, resilient business model and operational continuity through the period. Net profit after tax of AED 3.361 billion translated to a RoAE of 16.3% Increasingly diversified revenue streams driving 18% YoY and 7% QoQ growth in operating income, with higher contribution from non-interest income, which was up 36% […]
Emirates NBD on Tuesday announced a profit before tax of Dh8.2 billion, up six per cent year-on-year, driven by strong balance sheet growth, resilient margins and record non-funded income growth. Dubai’s largest bank reported total income of Dh14.4 billion, an increase of 21 per cent year-on-year. Its net profit grew 27 per cent quarter-on-quarter to […]
The central bank also flagged data residency concerns, noting that information shared via such platforms could be stored or processed outside the UAE, potentially breaching local regulations. The Central Bank of the UAE has directed all banks and licensed financial institutions in the country to immediately stop using instant messaging platforms such as WhatsApp for financial […]
Group total assets up 6% year-to-date exceeding USD 400 billion for the first time RoTE remained firmly above medium-term guidance at 17.8% Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions reported strong results for the first quarter of 2026. Operating income increased by […]