Banking assets contributed to an overall 6.5 per cent increase in assets and the group’s equity share increased to Dh225.7 billion – a hike of 4.2 per cent. Mohammed Ibrahim Al Shaibani, Managing …
Alvarez & Marsal UAE banking sector pulse reveals strong profitability in Q3 2023
Top lenders reported improved profitability due to a steady increase in the total operating income (+15.4 percent QoQ) and a decline in impairment charges (-11.7 percent QoQ) …
In 2024, UAE businesses must prioritize keeping head office expenses in check
Intrinsically, group companies have an added advantage to access finance and are a guiding force taking the business forward. While group companies are well poised to cater to the needs of individual …
First Abu Dhabi Bank issues dirham-dominated green sukuk
The Abu Dhabi Securities Exchange (ADX) launched on Wednesday the listing of First Abu Dhabi Bank’s (FAB) AED1.3 billion ($353 million) green sukuk, which is expected to contribute to the UAE’s …
UAE’s Mashreq Bank submits reply in SC in £190 million case
ISLAMABAD (Web Desk) – Mashreq Bank of United Arab Emirates has said that the £190 million sent from the United Kingdom were not intended for the government of Pakistan. The bank on Wednesday …
COP-28 in UAE: Institutions, depts must present stand on climate finance: PM
United Arab Emirates next month and directed that all institutions should make full preparations to present Pakistan’s position on climate finance and other related issues in COP 28. The meeting was …
COP28 sponsor Mashreq partners with Visa and ecolytiq for first climate banking platform in UAE and MENA
Mashreq, in partnership with Visa and ecolytiq, has rolled out a climate banking platform to its nearly one million customers. The launch represents a first of its kind product in both the UAE and in …
COP28 UAE: What is COP28? Why is it important? Here’s all you need to know about the event
COP28 UAE will be a milestone moment for the world to unite around … Developing countries demanded a restructuring of the World Bank and its affiliates; more concessional and grant-based financing; …
Mashreq partners Visa and ecolytiq on climate banking platform
Mashreq, a leading financial institution in the MENA region, in partnership with Visa and ecolytiq, is announcing the roll out of its new climate banking platform to its nearly one million customers – …
UAE faces ‘risk and opportunity’ in green energy transition
LBS is to host another discussion this Thursday, this time in Dubai at its office in Dubai International Finance Centre, which will further discuss key themes and challenges facing the business world, …
IDB achieves remarkable Emiratization with 30% Emirati workforce within less than a year of UAE branch operations
The Bank Strives to Increase Emirati Representation Beyond Mandatory Operational Requirements as Operations Expand …
United Arab Emirates (UAE): Shakhboot Bin Nahyan Participates In An Event Co-Chaired By The COP28 Presidency Unit In London
Download logo His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, participated in an event co-chaired by the COP …
UAE powers Africa’s sustainable future
To date, the UAE has invested over $12bln in development projects and renewable energy across Africa through partnerships with both governmental and private sectors …
UAE non-oil economy to grow 4.5% this year: World Bank
According to the recently published World Bank Gulf Economic Update (GEU) report, the Bank anticipated the UAE’s non-oil GDP growth to reach 4.5 per cent in 2023, driven by strong performances in the …
UAE’s PureHealth Holding plans IPO in December 2023
P ureHealth Holding, a UAE-based integrated healthcare network, is set to launch an initial public offering (IPO) in December and list its shares on the Abu Dhabi Securities Exchange (ADX). The IPO is …
ADGM, the Region’s Leading Climate Finance Hub, Announces its Role as Principal Partner at COP28
Abu Dhabi Global Market (ADGM), the international financial centre of UAE’s capital, announced today its appointment as ‘Principal Climate Finance Partner’ at COP28, set to run in the UAE from 30th …
COP28 in Dubai from November 30: What’s on the agenda?
Third, COP28 places nature, people, lives, and livelihoods at the core of climate action. Lastly, the UAE calls for inclusivity, urging active participation from diverse groups such as women, …