MUSCAT: Reinforcing its commitment to Oman’s digital transformation, BankDhofar—the nation’s largest bank by branch network—has signed a Memorandum of Understanding (MoU) with Smartech, an Omani software solutions specialist, to establish a strategic partnership that integrates accounting and electronic payment solutions. This collaboration aims to enhance digital financial services by merging Smartech’s system with BankDhofar’s Soft […]
Sharjah, UAE – Bank of Sharjah, one of the leading commercial banks in the UAE, has announced its financial results for the year ended 31 December 2024, reporting a record profit before tax of AED 416 million and a significant turnaround from the AED 275 million loss recorded in the preceding year. With net profit after […]
Riyadh, Saudi Arabia – March 11, 2025 – UAE-based Lejion Media has successfully led a large-scale Iftar distribution campaign across Saudi Arabia, aimed at supporting blue-collar Pakistani workers during the holy month of Ramadan. The initiative was organized on behalf of the National Bank of Pakistan (NBP) in collaboration with Al Rajhi Bank, Saudi National Bank, and Arab National Bank. The campaign focused on providing […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has set a new benchmark by leading the way in transparency and accountability with the publication of its first independent Emirates NBD Group 2024 IFRS S1 and S2 report (“ISSB Report”) for the year ended 31 December 2024. […]
Cairo, Egypt: Mashreq – one of the leading financial institutions in the MENA region – has announced plans to extend the roll-out of its innovative digital corporate banking platform, Mashreq NEO CORP, to business customers in Egypt, after obtaining the required regulatory approvals. Mashreq’s NEO CORP digital platform, developed in partnership with Oracle and two other […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions to the region, reinforcing […]
Doha – Finastra, a global provider of financial software applications and marketplaces, today announced it has been selected by Al Rayan Bank, one of the largest Islamic banks in Qatar with international presence, to implement a new, fully-fledged Islamic core banking solution. By moving to Finastra’s next-generation solution, the bank will benefit from a holistic offering that […]
Abu Dhabi: First Abu Dhabi Bank (FAB) has achieved solid results in 2024 with Group net profit reaching AED 17.1 billion, up 4% year on year, driven by a 15% increase in revenue to AED 31.6 billion. Profit before tax grew 13% year on year to AED 19.9 billion nearing AED 20 billion, reflecting increased client […]
Muscat. In line with its intuitive efforts to empower Small and Medium Enterprises (SMEs) through well-articulated solutions, ahlibank has recently announced the launch of its Point of Sale (POS) Financing Program for SMEs. The new program is geared towards SMEs who are willing to use, or are already using, ahlibank’s POS machines, granting short/medium term loans […]
The Commercial Bank of Dubai (CBD) logged net profits after tax worth AED 3.02 billion in 2024, marking an annual increase of 14.30% from AED 2.65 billion. Total operating income jumped by 11.20% year-on-year (YoY) to AED 5.49 billion as of 31 December 2024 period from AED 4.93 billion, according to the consolidated interim financial […]