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
The central role that banks play in capital allocation is why regulators want them to help usher in a new era of green finance
The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
According to the bank, the product’s fixed-rate tenor offers home buyers a worry-free experience, free from any large final payment or unexpected changes in installments
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
One of the main sources of concern for the Qatari banking system has been the build-up of external debt
The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit
It is replaced it with a temporary committee of experts for six months
The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year
The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service
New customers who apply for a credit card through the bank’s app will also enjoy a host of benefits, including cashback up to Dhs1,000