The UAE is poised for rapid advancements in financial technology innovations, artificial intelligence, and blockchain technology
The right sort of education in banking and finance is going to become even more important for the GCC in a world of technology-driven automation and climate change, says the MD of MENA and Asia at The London Institute of Banking & Finance
Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion
Apart from the banks being institutions of public trust, we cannot forget that they are, at the same time, companies focused on sales, growth, and expansion
The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
The share buyback will be carried out through open-market purchases and financed by the lender’s retained earnings and excess cash
This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses
The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations
Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics
Stiven Muccioli’s insights shed light on BKN301’s mission to revolutionise banking services, underscoring the importance of innovation, adaptability, and cybersecurity in the ever-evolving fintech landscape
AI can support more seamless experiences with BaaS and embedded finance, such as faster and more accurate credit decisions and fraud detection
The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks
Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn
More than one-third of companies have plans to raise wages by up to 5 per cent
Abu Dhabi Islamic Bank is actively working on prioritising substantial investments in renewable energy, clean technology, and eco-friendly projects
GenAI is an excellent tool to improve research for faster processing of more data from a wider range of sources to support decision-making
NorthLark’s Eshana de Silva tells Gulf Business that regtech promises to marry the new landscape of post-financial crisis regulation to the new landscape of digital technologies
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The increase in operating income and net profit was primarily attributed to a significant 82 per cent increase in net interest income
The strategic investment in Komgo was made through Emirates NBD’s Innovation Fund, which was set up earlier this year
Emirati Women’s Day celebrations are being held under the theme “We Collaborate for Tomorrow” this year
On an annual basis, the central bank’s public budget surged by 32.15 per cent, equivalent to Dhs158bn