Most of the impairments came from higher costs at the UAE Ghasha, in which the company has a 10% stake, Chief Financial Officer Paul Smith told reporters. “Capital costs have gone up and that’s now …
4 Digital Banking apps for tech-savvy Gen Z in the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
National Bank of Fujairah participates in new Aani payments platform
Dubai – The National Bank of Fujairah (NBF) has confirmed its participation in Aani, a cutting-edge instant payments platform launched this week by Al Etihad Payments, a subsidiary of the Central Bank …
Economic, Financial and Political Tensions on Agenda for AM Best’s Annual MENA (Re)Insurance Market Briefing
AM Best will host its annual MENA Insurance Market Briefing on 17 November 2023, at 9:00 a.m. (GST), at the Fairmont Dubai to discuss the potential im …
UAE economy expands by 3.7% in first half on ‘staggering’ non-oil growth
The UAE economy expanded by 3.7 per cent annually in the first half of the year, driven by strong non-oil sector growth as the country continues to pursue its diversification goals, Minister of …
UAE and Türkiye embark on a new strategy to bolster trade and investment
In the next 50 years, the two countries will work towards fostering bilateral and constructive cooperation in diverse fields …
UAE and Türkiye elevating relations to the level of a strategic partnership
Tugay Tuncer, Ambassador of the Republic of Türkiye to the UAE, says people-to-people ties will continue to guide our future relationship …
UAE and Türkiye set to boost comprehensive bilateral ties
Saeed Thani Hareb Al Dhaheri, UAE Ambassador to the Republic of Türkiye, says the economy stands as a cornerstone of expanding collaboration between the two …
COP28 President says world must unite on climate action and deliver in Dubai
The COP process must succeed and deliver, COP28 President Dr. Sultan Al Jaber stressed. “We have to come through. We must unite. We must act. And we must deliver in Dubai,” he told delegates at Pre-CO …
Bank of Sharjah hosts Columbia Business School’s 2nd-year MBA students
Bank of Sharjah recently hosted a group of second-year MBA students from Columbia Business School in New York city, providing them with valuable insights into the regional banking industry and the …
Commercial Bank of Dubai sees 46.5% higher profits in 9M-23 at $525mln
Dubai – The Commercial Bank of Dubai (CBD) recorded 46.40% year-on-year (YoY) higher net profits at AED 1.93 billion in the first nine months (9M) of 2023, compared to AED 1.32 billion.
Generation Start-up: How Vault seeks to reshape investment practices in the UAE
It was through their work in the UAE’s wealth advisory industry that Bilal Abou-Diab and Sami Abdul Hadi noticed how most high-net-worth individuals in the region were receiving inconsistent …
Mastercard becomes Invest Bank’s exclusive partner for card issuance and remittances
Invest Bank, a premier commercial bank in the UAE, has selected Mastercard as its exclusive strategic partner for retail and corporate card issuance and remittances. Pressing forward with its ongoing …
Arab Bank Group Reports Net Profits Of $630 Million For The First Nine Months Of 2023
(MENAFN- Dubai PR Network) Arab Bank Group Reports Net Profits of $630 Million for the First Nine Months of 2023 Dubai, UAE, 29 October 2023: Arab Bank Group delivered strong financial performance in …
COP28 President calls for improved adaptation finance for vulnerable nations
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President, has called for greater efforts to tackle adaptation finance gaps and prioritise actions to make climate …
Arab Bank Group reports net profits of $630mln for the first nine months of 2023
Dubai, UAE: Arab Bank Group delivered strong financial performance in the first nine months of this year, reporting net income after tax of $630.3 million compared to $405.8 million for the same …
Healthy Middle East IPO pipeline leans on growing local support in tough markets
The region remains the most resilient in EMEA despite geopolitical tensions, thanks in part to a deep local capital pool …