Commercial Bank of Dubai (CBD) reported on Wednesday a net profit jump of 28.1 per cent to Dh866 million for the first half of 2022 compared to the same 2021 period. The bank said in a statement that …
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UBA Group opens banking operations in Dubai.
The branch will facilitate the financing of trade and investment transactions between the Middle East and Africa | THE INDEPENDENT | United Bank for Africa Group has extended its operations to the …
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Emirates Development Bank to offer free manufacturing consultancy services to SMEs
The UAE’s Emirates Development Bank (EDB) is partnering with Future Factory to deliver free consultancy services to its small and medium enterprise (SMEs) customers. The move is part of the lender’s …
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Emirates Development Bank offers free consultancy to SMEs, boosting efficiency in UAE manufacturing
Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, is announcing a new drive to offer free expert guidance to its …
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UAE central bank slaps $1.4mln fine on exchange house
The UAE Central Bank has imposed a fine of more than AED5.2 million ($1.4 million) on an exchange house operating in the country. The exchange outlet, which remains unidentified, was found to have a …
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Dubai Islamic Bank’s H1-2022 net profit at Dh2.7b as impairment charges dip
In the first six months, one of the world’s biggest Islamic banking institutions, saw impairment charges trimmed to Dh947.62 million, from Dh1.49 billion. DIB’s net profit for H1-22 came to Dh2.7 …
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Fund transfers between UAE banks amounted to $1.07trln in first four months of 2022
Statistics noted that March was the busiest month with dirham-denominated transfers standing at AED1.1 trillion, while February was the least active month with transfers at AED861.8 billion.
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Fund Transfers Between UAE Banks Amounted To AED3.96 Trillion In First Four Months Of 2022
ABU DHABI, 26th July, 2022 (WAM) — The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) reached to AED3.96 t …
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Cheques cleared in first four months valued at over $105mln: UAECB
The statistics showed that the number of cheques processed by the ICCS increased by 2.7% in the January-April period …
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UAE’s Adnoc Buys ZMI Holdings in Offshore Oil and Wind Push
The United Arab Emirates’ main energy company has bought privately-owned ZMI Holdings as it looks to bolster its offshore oil, natural gas and wind businesses.Most Read from BloombergWho Is Nicole …
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Adib’s digital banking platform for corporates sees growth
Aimed at corporations of all sizes, Adib Direct is a secure and centralised platform that integrates a suite of banking solutions into a single, streamlined interface. Businesses do not need to visit …
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UAE banks’ liquid assets exceed $141.14bln in Q1-22
The Eligible Liquid Assets Ratio (ELAR) amounted to 19% in Q1-22, higher than the minimum requirement of 10%, WAM News Agency cited the Central Bank of the UAE (CBUAE). During the January-March 2022 …
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After 23 years in finance, former UAE resident turns farming entrepreneur in Philippines
Farming isn’t easy, it requires tremendous hard work. “Our day starts at 4am. During the planting and harvesting seasons we’ve to work under the scorching sun. We’ve to educate ourselves to tend to …
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United Arab Emirates Loyalty Programs Market Report 2022: Market will Increase from $1275.7 Million in 2021 to Reach $2248.0 Million by 2026
The “United Arab Emirates Loyalty Programs Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, …
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UAE bank to allow cryptocurrency trading in dirhams
A bank in the United Arab Emirates will soon allow its customers to trade cryptocurrencies using Emirati currency.
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Looking for a job, in the UAE 2022? These are the sectors hiring
According to the ‘Gulf Employment Index’ released for the second quarter report for 2022, hiring has increased by 10 per cent in the UAE from the first quarter of this year, so chances of landing a …
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IFZA partners with Commercial Bank of Dubai to provide banking solutions
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 …
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