Finance Archives | Gulf Business

Implementing ESG strategy: How Middle East banks are faring

Neesha Salian — Tue, 02 May 2023 09:17:47 +0000

As the region's banks double down on their ESG efforts, the implementation of a comprehensive strategy with data governance at its core has never been more important

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Abu Dhabi’s Khalifa Fund, AlMaryah Bank to provide digital banking services to SMEs

Neesha Salian — Tue, 02 May 2023 07:35:25 +0000

The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement

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SNB to hold 0.5% stake in UBS Group after merger with Credit Suisse

Kudakwashe Muzoriwa — Tue, 02 May 2023 02:51:45 +0000

The bank’s investment in Credit Suisse plunged by approximately 20 per cent by the end of 2022 and a further 70 per cent in Q1 2023

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BitOasis secures MVP operational license from Dubai’s VARA

Kudakwashe Muzoriwa — Mon, 01 May 2023 12:19:47 +0000

The crypto trading platform plans to launch new virtual asset products with a continued focus on driving accessibility and consumer protection

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UAE Banks Federation approves strategic plan to boost banking sector

Neesha Salian — Sun, 30 Apr 2023 06:21:52 +0000

The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026

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The Middle East’s booming venture capital market

Kudakwashe Muzoriwa — Sat, 29 Apr 2023 11:00:34 +0000

The drive for economic diversification and state-backed initiatives together with financial support for startups is fuelling Middle East’s venture capital industry

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RAKBANK more than doubles net profit to Dhs450m in Q1 2023

Neesha Salian — Fri, 28 Apr 2023 20:12:40 +0000

RAKBANK reported a record total income of Dhs1.07bn for the first quarter

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Mashreq’s Q1 2023 net profit soars to Dhs1.6bn

Kudakwashe Muzoriwa — Fri, 28 Apr 2023 01:13:04 +0000

The bank reported an operating profit of Dhs1.8bn, up 96 per cent compared to the same period a year earlier

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Emirates NBD profit more than doubles to Dhs6bn in Q1 2023

Neesha Salian — Thu, 27 Apr 2023 15:12:41 +0000

Emirates NBD also enjoyed a record quarter for income, which exceeded Dhs10bn for the first time ever

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ADIB’s Q1 2023 profit surges to $299m on higher margins

Kudakwashe Muzoriwa — Thu, 27 Apr 2023 11:13:47 +0000

The Islamic bank made a profit of Dhs1.1bn in the three months to March 31, up from Dhs715m in the same period last year

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