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Banking & Finance

UAE’s ADIB unveils nationwide business banking expansion plan

The expansion includes strategic collaborations with key partners specialising in serving the SME sector and leveraging its extensive network across key locations in the UAE

Emirates NBD, Nium join forces to revolutionise cross-border payments

The partnership seeks to elevate the remittance experience with seamless, instantaneous cross-border transfers between the UAE and countries worldwide

Mastercard, Bahrain’s BENEFIT partner to drive payment innovation

The collaboration supports the efforts of the Central Bank of Bahrain to accelerate the development of the country’s digital economy

Egypt’s Banque Misr invests in auction platform BELMAZAD

BELMAZAD aims to digitize traditional auction processes by reducing reliance on manual interventions

Standard Chartered offers retail investors access to UAE-domiciled funds within DIFC

The bank has partnered with leading international companies to provide best-in-class products to its retail clients including Amundi

Kuwait’s NBK sells alternative investments business to Janus Henderson

Janus Henderson plans to launch several emerging markets-focused alternative strategies in the second half of 2024

Bank of Sharjah reports net profit of AED80 million in Q1 2024

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

UAE’s FAB posts 6% rise in Q1 profit to AED 4.2 billion

The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio

Visa instalment solution now live for ADIB cardholders

Visa said last October that it is working with local issuers and acquirers in the UAE

EFG Hermes ONE secures FRA approval to operate digital onboarding eKYC

The cutting-edge solution is a pivotal component of EFG Hermes ONE’s mission to promote financial inclusion in Egypt

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