ADIB also won Best Islamic Private Bank, Egypt Deal of the Year, and Best Islamic Bank for Treasury Management …
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What is the state of open banking regulations in Mena today?
Abdulla Almoayed is the founder and CEO of Tarabut Gateway, an open banking startup headquartered in the UAE The tide of open …
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Jordan’s Arab Bank posts H1-2022 net profit at Dh252m
Randa Sadik, CEO of Arab Bank, said, “The underlying performance of the Group continues on its growth path with 6 per cent growth in net operating income across the bank’s lin …
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UAE national banks credit to business and industrial sector grows
According to the apex bank’s figures, the cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14 percent or AED14.6 billion, said a Wam news agency …
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National banks in UAE provided $189.83bln in credit facilities to business, industrial sector in first four months of 2022
According to the apex bank’s figures, the cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14% or $3.97bln …
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UAE Cold Chain Market Outlook Report 2022-2025 – ResearchAndMarkets.com
The “UAE Cold Chain Market Outlook to 2025 – the Cold Chain Market in UAE is Thriving With the Advent of Government’S Economic Diversification Plans Coupled With UAE’s Increasing Adoption of …
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Dubai Financial Market net profit jumps 63% at Dh63.4m in H1-2022
Dubai: The Dubai Financial Market (DFM) posted a 63 per cent surge in its profit for the first-half of 2022 and said it benefited from the IPO (initial public offering) of DEWA. DFM’s net profit in …
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Logistics Market in the UAE to Record 6.44% Y-O-Y Growth Rate in 2022, Manufacturing Segment to be Significant for Revenue Generation – Technavio
Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 …
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UAE Central Bank Imposes Sanctions on 6 Banks
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on six banks operating in the UAE, pursuant to Cabinet Resolution No. 9 of 2021, implementing certain provisions of the Organisation …
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DFM posts 63% growth in net profit of H1 2022 to $17.27mln
DUBAI – The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit to AED63.4 …
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UAE’s top bank FAB cautious after flat second quarter profit
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, struck a cautious tone on the second half of the year on Thursday, as it reported broadly flat second quarter profit.
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DFM second-quarter net profit more than doubles as trading values surge
Dubai Financial Market reported a 134 per cent annual increase in second-quarter net profit, driven by improved trading values and rising income. Net profit attributable to the owners of the company …
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UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the country’s reporting procedures. The directives, in line with the Organisation for …
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UAE Central Bank announces more sanctions
The Emirates is seeking to improve its record on financial transparency after being implicated in money laundering and sanctions evasion controversies.
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UAE, other GCC central banks follow Fed move to hike interest rates by 0.75%
CBUAE maintained interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
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UAE bank ADCB quarterly net profit up 12%
Abu Dhabi Commercial Bank (ADCB) , the UAE’s third-biggest lender, reported on Thursday a 12% rise in second-quarter net profit, supported by rising rates and higher non-interest income.
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Time to remit? Pakistani rupee at an all-time low against US dollar, UAE dirham – but not for long
Pakistan currency hovers at 236 against the US dollar, at 64.3 against the UAE dirham Dubai: If UAE expats were looking to remit more Pakistani rupees back home, the time is ideal as the current …
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