The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement
The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026
RAKBANK reported a record total income of Dhs1.07bn for the first quarter
Emirates NBD also enjoyed a record quarter for income, which exceeded Dhs10bn for the first time ever
This partnership will help fast-track the account opening process for SMEs and deliver seamless banking services through the Wio Business app
The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years
In the early years of the digital era, building was the only option, but today the region is strewn with fintechs
The assets and liabilities of the parent companies of SVB UK are excluded from the transaction
First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC
The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9
More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
Both entities will leverage their core competencies to drive economic growth, diversification and industrial transformation
Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021
Technology integration in banking has exposed a whole new spectrum of capabilities that can be leveraged to improve performances by gaining an intricate understanding of operations
The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience
The bank’s ownership in the Egyptian unit has risen to 52.607 per cent
The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023
The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering by adding new payment services
The partnerships with ADIB and RAKBANK will focus on providing ADGM-registered and licensed businesses with preferential banking services
Companies need to invest in people as much as they do in technology, as reskilling employees is both cost-effective and offers significant mid to long-term dividends
The bank’s operating income increased by 24.3 per cent over the previous year to Dhs5.3bn
Under the multi-year agreement, HSBC will upgrade and migrate select database systems to Oracle Exadata [email protected]
Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market
Banking-as-a-service is a revolution that combines the power of banks with the reach and customer loyalty of well known brands
Financial businesses should use a platform to manage their data to keep up with the technological advancements they are currently, or gradually planning on, implementing
The bank’s half-year net profit was driven by broad-based growth in net interest income, card fees and trading income underpinned by the economy’s recovery
The bank reported double-digit income growth in the UAE, Pakistan, and Ghana, with Pakistan delivering its highest-ever half-yearly operating profit
The bank’s total income was Dhs12.5bn, up 31 per cent YoY, including a Dhs3.1bn net gain on the sale of a majority stake in Magnati
Gross new financing and sukuk investments saw a significant increase of Dhs33bn during the period