The Central Bank of Kuwait (CBK) confirms the banking sector’s high operational readiness and resilience, ensuring uninterrupted banking services across all circumstances. This comes in light of the Central Bank’s directives to local banks to strengthen risk management systems, enhance business continuity and emergency plans, upgrade digital infrastructure, and conduct regular simulation exercises covering various potential scenarios. […]
Abu Dhabi: H.E. Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates, affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to […]
Abu Dhabi, UAE: Abu Dhabi Commercial Bank (ADCB) today confirmed that its retail mobile banking application has been successfully restored. The disruption, which lasted approximately 48 hours, affected ADCB’s retail mobile banking application and customer contact centre. All other banking services, including branches, ATMs, card services, web-based internet banking, and corporate and commercial banking platforms, remained […]
Ajman, United Arab Emirates – Ajman Bank’s General Assembly, during its Annual General Meeting chaired by His Highness Sheikh Rashid bin Humaid Bin Rashid Al Noaimi, Vice Chairman of the Bank’s Board of Directors, approved the distribution of cash dividends to shareholders amounting to 50% of the net profit for the financial year ended 31 December […]
Our Priority Remains to Focus on the Safety of Our Employees and Customers, and to Protect the Interests of Investors and Depositors. In light of the escalating military conflict in the Middle East, National Bank of Kuwait (NBK) is issuing an operational and financial update to its stakeholders. NBK’s priorities remain firmly anchored in safeguarding […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has issued a guidance note on the consumer protection and responsible adoption and use of artificial intelligence and machine learning by licensed financial institutions operating in the UAE. This step reflects the CBUAE’s proactive supervisory approach and its commitment to keeping pace with rapid developments […]
The UAE Central Bank and Abu Dhabi-based artificial intelligence company Core42 are to build a sovereign financial cloud services infrastructure. The UAE-based system is supported by “centralised, highly secure, dedicated and isolated infrastructure”, the central bank said in a statement on Wednesday. This will ensure data sovereignty, boost operational agility and provide protection against cyber threats, while […]
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced a landmark partnership with EDGE Group, one of the world’s leading advanced technology and defence groups. The agreement, formalised at a signing ceremony, will see Emirates Islamic provide innovative Islamic banking financing solutions tailored to meet EDGE Group’s diverse treasury […]
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has launched a new cashback programme in collaboration with mimojo, reinforcing its commitment to delivering greater everyday value and enhanced digital experiences for customers. The new programme will be available to all ADIB cardholders, including debit and covered card customers, who can enrol […]
Robust growth in Net Financing Assets of 23% YoY to AED 262 billion, with Sukuk investments reaching AED 91 billion, up 10% YoY Customer Deposits accelerated by 29% YoY to AED 320 billion Pre tax profit grew by 20% to AED 9.0 billion against normalised FY’24 pre tax profit of AED 7.5 billion* Proposed dividend of […]