Tag: UAE
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
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
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 du unveils digital financial solution du Pay
The innovative digital financial solution is poised to play a pivotal role in enhancing financial inclusion, accessibility and security
Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’
The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”
UAE’s ADIB leads closure of AED 863 million Shari’ah-compliant syndicated loan
ADIB acted as the lead arranger, coordinator, bookrunner, Shari’ah advisor, and investment and security agent on the deal
UAE’s du secures licences to offer fintech services
The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era
UAE banking sector poised for continued growth in 2024
Total assets of banks operating in the UAE increased by 3.1% quarter-on-quarter in Q4 2023 to reach AED 4.075 trillion
Islamic digital bank Ruya launches in UAE
The Shariah-complaint bank seeks to revolutionise the modern banking experience based on its core values of prosperity, integrity, partnership and community
Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt
The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments