Tag: banking

The bank said higher revenue across net interest and other operating income, underpinned by solid loan growth, generated a robust increase in net profit …
( read original story …)

---

The First Abu Dhabi Bank’s total income reached $1.98 billion and includes a $762.29 million net gain on the disposal of majority stake in payments business Magnati First Abu Dhabi Bank reports …
( read original story …)

---

The company had earlier held merger talks with US blank-check firm Better World Acquisition Corp., but those discussions have been abandoned, the report said. The privately-owned business has in the …
( read original story …)

---

Averda, a Dubai-based provider of waste-disposal services provider, is considering an initial public offering (IPO) in Saudi Arabia or the UAE, Bloomber …
( read original story …)

---

The United Arab Emirates’ finance ministry said on Thursday it plans to issue on May 9 the first tranche of federal treasury bills, in cooperation with the central bank.
( read original story …)

---

While the $100 million fund announced by Sheikh Hamdan bin Mohammed is a prime example of the drive to be at the forefront of a digital future, it is also crucial to startups in the fintech space …
( read original story …)

---

Mashreq Bank joins a group of four banks that are currently live on the network, including Emirates NBD, Commercial Bank of Dubai (CBD), Abu Dhabi Commercial Bank (ADCB), and HSBC Mashreq Bank offers …
( read original story …)

---

Damac Properties announced yesterday that it will facilitate the sale of the property to Bitcoin and Ethereum holders.
( read original story …)

---

Exchange houses in the UAE have reported a surge in remittances to the UK after the British pound fell to its lowest level against the US dollar since July 2020, giving British residents a window of …
( read original story …)

---

First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, reported on Thursday its highest ever quarterly net profit, helped by the sale of a majority stake in its payments business.
( read original story …)

---

Bank works on serving social development by partnering in charity Dubai: Mashreq Bank has announced its participation in the ‘1 Billion Meals’ initiative, the largest of its kind in the region, which …
( read original story …)

---

The Dubai-based provider of waste-disposal services held merger talks with U.S. blank-check firm Better World Acquisition Corp. earlier this year, but those discussions have been abandoned, the people …
( read original story …)

---

A court in Dubai has ordered a local bank to pay Dh9.5 million ($2.5m) to a customer after he lost that amount in unauthorised transactions. The court heard how he was the victim of a Sim swap after …
( read original story …)

---

Dubai announced the launch of a new venture capital finance fund with capital of approximately Dh370m ($100.7m) to promote its ambition of becoming a global FinTech hub. The launch of the fund was …
( read original story …)

---

Dubai-based Mashreq Bank’s Q1 2022 net profit soared to 606 million dirhams ($165 million) compared to 43 million dirhams in Q1-2021, driven by a sharp drop in impairments. The earnings easily topped …
( read original story …)

---

The 1 Billion Meals initiative, organized by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), is an extension of last year’s 100 Million Meals, which surpassed its target, collecting and dis …
( read original story …)

---

Logo ofAmericana Americana has appointed Goldman Sachs, First Abu Dhabi Bank, and SNB Capital to manage its initial public offering (IPO) tha …
( read original story …)

---