RoTE remained firmly above the Group’s medium-term guidance at 18.5% Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a strong performance in the first half of 2026. In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED […]
New York, USA – Goldman Sachs has launched a new alternative investment platform aimed at expanding private market opportunities for its wealthy clients, as demand for access to privately held companies continues to rise. According to an internal memo seen by Reuters, the new platform will be led by Matt Doherty, who will continue overseeing […]
Dubai, United Arab Emirates – Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, today announced Jaywan card acceptance across more than 200 destinations in the UAE, becoming one of the country’s first companies to fully enable the national card acceptance across its physical network. The milestone […]
• The world’s first-of-its-kind “Jaywan – Mastercard” co-badged credit cards to enhance the acceptance of “Jaywan” and expand payment choices for customers. • A new Mastercard operations centre in the UAE, the first of its kind in the region, to advance card payment services locally and regionally. Abu Dhabi (21 July, 2026): Al Etihad […]
Fintech News Media, People First (Private) Limited, and KOT Enterprises have officially signed a Strategic Joint Venture Agreement (MoU), marking the beginning of a collaborative partnership focused on advancing Pakistan’s fintech ecosystem through innovation, technology, media, business development, and knowledge-sharing initiatives. The partnership brings together three independent organizations, each contributing its unique expertise while maintaining its individual corporate identity […]
Dubai, UAE, Al Ansari Financial Services PJSC (DFM: ALANSARI), the leading financial institution in the GCC, has strengthened its regional cross-border payments platform through new partnerships between its subsidiaries, Bahrain Financing Company (BFC) in Bahrain and Bahrain Exchange Company W.L.L. (BEC) in Kuwait with Western Union. The partnerships broaden customer access to Western Union’s global money […]
Businesses operating across Pakistan, Saudi Arabia, and the UAE know the frustration better than anyone. You land a client in Europe or the United States, you deliver the work, and then the payment process begins. Your Wise account gets flagged. Your Payoneer withdrawal is delayed or blocked entirely. You wait five days for a SWIFT […]
UAE: Network International (Network), a leading fintech company across the Middle East and Africa, has extended acceptance of ‘Jaywan’ — the UAE’s Domestic Card Scheme — to online payments, enabling cardholders to use Jaywan across Network’s e-commerce merchant network. Jaywan is the domestic card scheme, launched by Al Etihad Payments, a subsidiary of the Central Bank of the […]
These ratings place FAB at the top end of global bank credit quality, underpinned by strong standalone fundamentals. Abu Dhabi, First Abu Dhabi Bank (FAB), the UAE’s global bank, has reinforced its position as the highest-rated banking group in the MENA region and among the highest-rated globally, with AA- or equivalent ratings and stable outlooks […]
Nasdaq Dubai welcomed the listing of a $300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities transaction. The $300 Million Additional Tier 1 Perpetual Non-Call 5.5-year Sukuk was structured under a Mudaraba arrangement and carried a profit rate of 6.50 per cent. The Additional Tier 1 […]