Nairobi, Kenya – Absa and Visa have renewed their strategic partnership to accelerate the development of innovative, inclusive, secure, and digitally enabled financial payment ecosystems across Absa’s Regional Operations (ARO) which incorporates Absa’s presence outside South Africa. The agreement, formalised at a signing ceremony in Johannesburg, marks a significant milestone in a relationship that has driven […]
Ajman, United Arab Emirates: His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank’s Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial activities. Ajman Bank announced a profit before tax of AED […]
Partnership to accelerate digital transformation, enhance customer experience, and support inclusive growth through Shari’ah-compliant solutions Amman, Jordan; 22 June 2025: Mastercard and Jordan Islamic Bank (JIB), one of the largest banks operating in the country, are collaborating to drive innovation and expand access to Shari’ah-compliant digital payment solutions. JIB will leverage Mastercard’s payment technologies and advisory […]
The CMA confirmed that Al-Mawazi Capital has become the first company registered in its securities-based financial technology services registry. KUWAIT CITY – In a landmark move aimed at advancing financial innovation, Kuwait’s Capital Markets Authority (CMA) on Sunday announced the official launch of the country’s first securities-based crowdfunding service, marking a significant step toward diversifying […]
Ras Al Khaimah, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for first Half of 2025. Key Financial Highlights – H1 2025 Profit after tax of D 1,374M for H1’25 up 26.1% over H1’24. Profit after tax for Q2’25 was D 669M, reflecting an increase of 22% YoY Operating […]
H1 2025 Highlights: Net profit reported at AED 208 million for H1 2025 compared to AED 139 million for H1 2024; reflecting a YoY increase of 50%. Earnings per share rose to AED 0.10 per share in H1 2025 compared to AED 0.07 in the corresponding prior year period. Total income increased by 24% YoY […]
Dubai: Trendyol Group; Türkiye’s leading e-commerce platform, Haluk Bayraktar, CEO of Baykar, the world’s largest unmanned aerial vehicle manufacturer, ADQ, an active sovereign investor focused on critical infrastructure and global supply chains; and Ant International, a leading global digital payments and financial technology provider today announced the signing of a Memorandum of Understanding (MoU) to explore […]
Seamless mobile money integration on N-Genius POS terminals enables financial inclusion and improves payment flexibility across Ghana and West Africa. ACCRA, Ghana — Network International (Network) (https://www.Network.ae/), a leading enabler of digital commerce across the Middle East and Africa, has announced a collaboration with Blu Penguin, a Ghana-based fintech and mobile money aggregator, to provide mobile […]
SME Merchants to benefit from a fully integrated digital, lending experience – from application to disbursement. UAE: Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with Wio Bank PJSC, the UAE’s leading digital bank, to offer digital lending solutions for SME merchants in the […]
Abu Dhabi Commercial Bank reported net income of 2.57 billion dirhams ($699.7 million) for the second quarter on Monday, up 10.7% from the prior-year period, beating analyst expectations. Analysts had expected ADCB’s second-quarter profit at 2.33 billion dirhams, according to LSEG data. The bank reported a net profit of 2.32 billion dirhams in the quarter […]