#Digital Banking

Dubai Investments buys additional stake in Monument Bank

Dubai Investments hikes stake in UK’s Monument Bank to nearly 17%

The investment group acquired a 9 per cent equity stake in the digital bank earlier this year

DIB’s quarterly net profit jumps by 15% to $844m

DIB’s Q2 net profit surges to $844m on higher revenue

The Shariah-compliant bank’s total income reached Dhs9.3bn during the quarter, up 49 per cent from Dhs6.22bn the same period a year ago

Bahrain’s Al Salam Bank acquires majority stake in Algerian unit

Bahrain’s Al Salam Bank acquires majority stake in Algerian unit

The plans to further support its Algerian business to accelerate its growth and capture new pockets of opportunities within the country and the wider region

UAE banks' net profits

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness

Digital Banking

Insights: The three elements of a successful digital banking strategy

While omnichannel and digital services aren’t new to banks, many institutions have struggled to keep up with the rapid changes and the scale of demand during the pandemic


Why ecosystem-as-a-service is the next frontier in finance

Increasing numbers of fintech institutions are outsourcing their digital banking strategies

Zand gets license from the Central Bank of UAE

Digital bank Zand announces board of directors

Zand’s backers include Franklin Templeton, Aditya Birla Group, Al Hail Holding, Global Development Group and Yusuff Ali of Lulu Group

The way forward for digital banking in the UAE

Here’s why digital banking will continue to grow rapidly within the country

Emirates NBD

Dubai’s Emirates NBD launches new digital supply chain financing platform

The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs

How digital transformation enabled Al Salam Bank Bahrain to weather the Covid-19 storm

Rafik Nayed, group CEO, Al Salam Bank Bahrain, discusses the bank’s digital strategy in the Covid era with Gulf Business