TORONTO–(BUSINESS WIRE)– CI Financial Corp. (“CI” or the “Corporation”) (TSX: CIX) and Mubadala Capital today announced the successful completion, effective August 12, 2025, of the previously announced acquisition of CI, one of North America’s leading diversified asset and wealth management companies. The C$12.1-billion transaction marks a significant milestone in Mubadala Capital’s growth ambitions, accelerating its […]
In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year. This strong performance was strategically powered by diversifying income sources and reducing reliance on net interest income, achieved through offering value-added, differentiated products and services across the Bank’s business lines. The […]
Standard Chartered announced today the launch of its direct custody services in Egypt, further expanding its global post-trade offering across the Middle East and North Africa (MENA). This important milestone builds on the successful rollout of its direct custody services in the Kingdom of Saudi Arabia earlier this year and reflects the Bank’s broader strategy […]
In just four months, the bank implemented Finastra Corporate Channels and upgraded to the latest version of Finastra Trade Innovation. Dubai, UAE – Finastra, a global leader in financial services software, announced that AlRayan Bank, one of Qatar’s largest Islamic banks with an international footprint, has successfully gone live with Finastra Corporate Channels, enhancing and […]
The awards recognise the most innovative banks across the world for their digital banking initiatives that demonstrate creativity, measurable impact, and set new benchmarks for the fintech industry. The Banker magazine, owned by the Financial Times and based in London, named Arab Bank the “Middle East winner” at The Banker’s Technology Awards 2025, a recognition […]
Ant International signs Memorandum of Understanding (MoU) with Abu Dhabi Investment Office (ADIO) to collaborate on local financial technology innovation. Strategic partnership aims to strengthen Abu Dhabi’s position as the Capital of Capital by expanding the emirate’s digital financial infrastructure and accelerating cross-border fintech innovation Abu Dhabi, UAE – The Abu Dhabi Investment Office (ADIO) has signed […]
Dubai, UAE – In a major step towards advancing the UAE’s digital economy, Zand Bank has announced that it now fully supports AANI, the country’s Instant Payment Platform under the National Payment Systems Strategy. The move gives Zand’s clients access to modern, user-centric payment solutions that are fast, reliable, inclusive, and secure — aligning with […]
Collaboration offers streamlined, discounted services for Mastercard business credit cardholders. AI-driven onboarding reduces friction and costs associated with business setup and compliance Dubai, UAE: Mastercard has joined forces with IFZA, one of the fastest-growing free zones in the UAE, and Global Tax Assistant, an international consulting firm, to launch a fully digital, AI-driven business registration journey […]
Visa cardholders will score exclusive first access for a chance to purchase tickets to the world’s biggest tournament. Cairo, Egypt – It’s official: the road to the FIFA World Cup 26™ starts with Visa. As the Official Payment Technology Partner of FIFA and a global leader in digital payments, Visa cardholders with a Visa Debit, Credit […]
The globally recognised accountancy network establishes its UAE operations with a future-focused mandate across audit, tax, and consultancy under visionary leadership of the new CEO. Dubai, UAE, August 10, 2025: Baker Tilly International, a top 10 global network of accounting and advisory firms with presence in over 140 countries and with over 43,000 people, has […]