Albaraka Portfolio Management Company has taken a strategic step that will open a new chapter in Türkiye’s participation finance sector. The company has established the “Albaraka Türk Value & Wealth Türkiye Sukuk Fund” in Bahrain — the first Türkiye-focused Sukuk fund of its kind — aiming to facilitate international investors’ access to islamic capital market […]
Dubai: Mercury Payments Services (Mercury), a leading regional payments infrastructure and technology provider, is proud to announce that it has been granted approval for a deemed Open Finance License by the Central Bank of the UAE (CBUAE). This approval enables Mercury to operate under the UAE’s progressive Open Finance regulatory framework, further strengthening its position as a […]
Dubai – Mashreq reported its financial results for 9M 2025. Mashreq reported an increase in Operating Income to AED 9.4 billion for the 9M 2025. The third quarter Operating Income of AED 3.2 billion, is an increase of 4% Quarter-on-Quarter and 8% Year-on-Year, reflecting strong profitable growth across all its core businesses, mainly driven by rising client […]
Dubai, UAE – Alaan, the Middle East’s leading corporate card and spend management platform, today announced the launch of its employee equity buyback program, enabling team members to sell a portion of their vested stock options. The initiative, effectively an ESOP buyback, follows Alaan’s $48 million Series A fundraise led by Peak XV Partners (formerly Sequoia India […]
Dubai, UAE: KFI Global has announced the launch of its new mobile app, SMARTER. RICHER. BRAVER., designed to help young people strengthen their financial identity — a concept that goes beyond traditional money management and budgeting. Unlike conventional finance apps that focus on tips or static lessons, SMARTER. RICHER. BRAVER. aims to transform users’ beliefs, […]
Dubai, UAE: National Bank of Fujairah (NBF) and StorIT Distribution today announced a strategic alliance to deliver tailored channel financing solutions to technology clients across the UAE. By combining StorIT’s extensive partner network and market reach with NBF’s specialist expertise in technology financing, the collaboration will expand access to flexible working capital solutions that support growth […]
Non-interest income surged 34 percent year-on-year Abu Dhabi Commercial Bank PJSC (ADCB) today announced its financial results for the third quarter and nine-month period of 2025 (Q3’25 and 9M’25). Profit before tax has risen for 17 consecutive quarters, propelled by robust top-line growth momentum and a significant 460 basis points year-on-year improvement in the cost-to-income […]
Riyadh, Saudi Arabia: The Arab Investment Company (TAIC) announced a strategic partnership with Franklin Templeton, one of the world’s largest asset management companies, to invest US$ 70 million in the Franklin Gulf Wealth Bond Fund. This investment underscores TAIC’s commitment to enhancing the efficiency of its investment portfolio while achieving sustainable returns for its shareholders. The […]
Reimagining salary disbursement through a powerful fintech -remittance alliance, ushering in a new era of speed, security, and financial inclusion across the UAE. Abu Dubai, UAE — Index Exchange has partnered with botim money to extend botim’s fully digital and compliant Wage Protection System (WPS) payroll solution in the UAE. The service is designed to simplify and […]
Dubai, UAE — Commercial Bank International (CBI), a leading UAE bank, has announced the launch of CBIx, its dedicated innovation and ventures arm. This independent subsidiary will accelerate disruptive ideas across banking, bridging emerging technologies with real-world applications to drive innovation and new ventures. The creation of CBIx is part of CBI’s long-term strategy to embed […]