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Banking & Finance

Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

Arabiya Capital Staff -
The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY
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Fitch says GCC banks show robust appetite for global expansion

Arabiya Capital Staff -
GCC banks’ interest in Egypt is gaining momentum, driven by the improved macroeconomic environment
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Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

Arabiya Capital Staff -
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
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Egyptian Gulf Bank, Network partner to advance customer experience

Arabiya Capital Staff -
The partnership is a significant milestone in enhancing the banking experience for EGBANK’s customers and advancing the bank’s digital transformation
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Jersey Finance partners with the Saudi British Joint Business Council

Arabiya Capital Staff -
Jersey has been a leading international finance centre for more than 60 years, offering a forward-thinking and ESG-driven approach across the banking sector
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Mashreq allocates AED 1 billion in financing to industrial companies

Arabiya Capital Staff -
The funding stimulates industrial companies by enabling them with additional financing solutions under the ‘Make it in the Emirates’ initiative
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Ahli United Bank – Egypt partners with USAID’s Business Egypt Program

Arabiya Capital Staff -
The landmark initiative stands as a testament to Ahli United’s commitment to sustainable finance and sustainability
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Ajman Bank posts AED 233 million in H1 2024 net profit

Arabiya Capital Staff -
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion
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Central Bank of Egypt keeps key policy rates unchanged

Arabiya Capital Staff -
The central bank said that the decision reflects the recent developments and outlook at the global and domestic levels
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CIB launches Egypt’s first private Mastercard Metal World Elite credit card

Arabiya Capital Staff -
The exclusive card, available by invitation only, is designed for the bank’s high-net-worth clients within the private segment
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