Tag: banking

The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a 2024 net profit of 17.1 billion dirhams ($4.6 billion), 4% higher year-on-year (YoY) as a rise in operating income offset higher impairment …

FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent …

The US president’s proposal to expel millions of Palestinians emerges from a fringe idea in his first term that was rejected by Palestinian leaders.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that the UAE’s foreign trade has reached a historic milestone, touching AED3 trillion for …

The UAE’s non-oil foreign trade hit a record Dh3 trillion ($816.7 billion) last year − up 14.6 per cent year-on-year − as the country continues to diversify its economy and forges closer trade ties …

This aims to achieve the strategic objectives of both parties, bolster confidence in the UAE’s financial system, and consolidate the country’s leading global position …

The Central Bank of the UAE (CBUAE) and the Economic Security Centre of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial …

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The Central Bank of the UAE (CBUAE) and the Economic Security Center of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial …

UAE-based remittances company Al Fardan Exchange announced a partnership with Visa for enhanced money transfer services. The company announced the launch of a new cross-border remittance service …

Dubai: TerraPay, a global money movement company, has joined forces with Dubai Duty Free (DDF), the world’s largest single airport retailer, to revolutionize the shopping experi …

United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems …

Sweid One represents an important addition to Dubai’s commercial landscape, and we are pleased to have secured the support of Arab Bank for this project,” said Maher Sweid, Managing Partner at Sweid & …

Dubai will seek up to $500 million from the initial public offering of ALEC Engineering & Contracting LLC, according to people familiar with the matter, as the emirate seeks to revive its …

Multibillion-dollar crypto giant Shiba Inu has announced a historic partnership with the UAE Ministry of Energy and Infrastructure … Shiba Inu now offers decentralised finance (DeFi) features, …

Dubai Duty Free, operating at Dubai International Airport and Al Maktoum Airport, can now connect to TerraPay’s network.

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