Thursday, January 23, 2025
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Banking & Finance

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Arabiya Capital Staff -
Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million
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Mashreq Egypt, Visa introduce innovative Mashreq NEO Visa card

Arabiya Capital Staff -
The Mashreq NEO Visa Card is a fusion of cutting-edge technology, seamless banking services and benefits to meet customers’ evolving needs
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Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

Arabiya Capital Staff -
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
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ADIB signs an agreement with Astra Tech

Arabiya Capital Staff -
The deal makes ADIB the first bank to provide users across the UAE access to financial services on the Botim Ultra app
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ADCB’s brand value surges to $2.7 billion in 2023

Arabiya Capital Staff -
The bank is the only financial institution from the GCC region to be represented in this top 10 global list
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UAE’s du unveils digital financial solution du Pay

Arabiya Capital Staff -
The innovative digital financial solution is poised to play a pivotal role in enhancing financial inclusion, accessibility and security
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Snowdrop, PwC Middle East partner to advance digital banking

Arabiya Capital Staff -
Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region
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QIB’s Q1 2024 net profit jumps 5.5% to QAR 955 million

Arabiya Capital Staff -
Total income for the first three months of the year was QAR 2.81 billion compared to QAR 2.41 billion for the same period in 2023
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ADIB refutes report of talks to buy $1.1 billion stake in Indonesian bank

Arabiya Capital Staff -
The Islamic bank said that it strongly denies that it is in talks to acquire a minority stake in the Indonesian lender
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France’s SocGen to sell Moroccan business for EUR 745 million

Arabiya Capital Staff -
The transaction is subject to the usual condition’s precedent, including the approval of the relevant regulatory authorities
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