DUBAI – Dubai Islamic Bank (DIB) reported net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion in the same period last year, while pre-tax profit rose 1% year-on-year to AED4.334 billion. In a statement issued on Tuesday, the bank said gross revenue increased 10% year-on-year to AED12.439 […]
Dubai, UAE: RAKBANK and Mastercard today renewed their collaboration agreement to support continued payments innovation by delivering enhanced solutions across retail, business and wholesale banking. Building on their long-standing strategic relationship, the move reflects a shared commitment to developing secure and more seamless payment experiences that meet the evolving needs of consumers and businesses in an […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is live on the Partior network, a multi-currency, blockchain-based clearing and settlement network, becoming the first financial institution in the region to enable real-time, blockchain-based cross-border payments on Partior’s infrastructure. The launch marks the first phase of a […]
Manama, Bahrain – Gulf International Bank B.S.C. (“GIB” or the “Bank”), a leading pan-GCC banking institution, today announced the establishment of its US$ 3 billion Certificate of Deposit (“CD”) Programme, further strengthening the Bank’s funding platform and enhancing its access to short-term wholesale funding markets. Gulf International Bank B.S.C. ongoing funding diversification strategy The Programme represents […]
Founded as a financial technology company focused on flexible spending, Tabby’s platform is used by more than 65,000 local and global brands. Financial technology company Tabby has launched Cash, a fee-free spending account offering cashback and free transfers, as the company expands beyond flexible payments into everyday money management. Tabby said more than 150,000 people are […]
Dubai, UAE: botim, the UAE’s leading fintech platform, has been integrated into the Philippines’ Pre-Departure Orientation Seminar (PDOS) program through an ongoing partnership with BDO Unibank, Inc., the Philippines’ largest bank by assets. This initiative comes at a time when an estimated 10.8 million Filipinos live and work overseas, including approximately 700,000 in the UAE, one […]
The Annual Report outlines the FSRA’s performance against its regulatory priorities through its various achievements in 2025. Responsible innovation, market integrity and financial crime prevention remained central to the efforts in 2025. The number of Financial Services Permissions granted increased by 22% year-on-year, while In-Principle Approvals grew 32%, reflecting continued strong growth across ADGM’s financial […]
SBI XDC Network APAC Co., Ltd. (Head Office: Minato-ku, Tokyo; Representative Director: Tomohiko Kondo; hereinafter “SBI XDC”), which operates blockchain-based trade finance solutions within the SBI Group, hereby announces the commencement of a collaboration with dsrv labs Co., Ltd. (Head Office: Gangnam-gu, Seoul, South Korea; Co-CEOs: Jiyun Kim and Byeongyun Seo; hereinafter “DSRV”), a leading […]
Manama, Bahrain – stc pay Bahrain, Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, has announced a strategic partnership with Payment International Enterprise (PIE), a Bahrain based fintech and payment solutions provider licensed by the Central Bank of Bahrain, to enable stc pay QR payments on PIE Point of Sale devices across the […]
Manama, Kingdom of Bahrain: Khaleeji Bank, a leading Islamic bank in Bahrain, has been awarded by Visa, a global digital payments leader, for achieving the fastest growth in active cards in the Kingdom of Bahrain for 2025. This recognition underscores the bank’s strong performance in promoting digital payment solutions and expanding its active customer base. The […]