#First Abu Dhabi Bank

FAB issues $800m sukuk, marks first for the year globally

FAB exploring purchase of Turkey’s Yapi Kredi Bank: Reports

FAB has held early exploratory talks with owners of several Turkish banks

FAB targets Dhs300 million in revenue from China by 2026

Abu Dhabi’s FAB to triple revenue from China operations by 2026

The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023

Tabreed signs Dhs600m revolving credit facility

UAE’s Tabreed secures Dhs600m revolving credit facility

The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework

UAE’s FAB to provide $135bn in green finance by 2030

UAE’s FAB to provide $135bn in green finance by 2030

The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen

FAB’s Q3 2023 profit surges by 48% on revenue boost

FAB’s Q3 2023 profit surges by 48% on revenue boost

The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022

stock markets

Israel-Palestinian crisis: Major Gulf stock markets fall

Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties

ADNOC, TAQA secure financing for $2.2bn water project

ADNOC, TAQA close $2.2bn financing for water project

The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities

cop28 climate jargon

UAE banks lead sustainable financing, initiatives ahead of COP28

The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives

UAE’s top banks post $7.4bn in H1 2023 net profit

Top UAE banks’ combined H1 2023 profit hits $7.4bn

The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape

Aldar Estates acquires FAB Properties Image Aldar

Abu Dhabi: Aldar Estates expands portfolio, acquires FAB Properties

The move will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its platform

FAB’s quarterly profit up 61% on higher rates

FAB’s quarterly profit up 61% on higher rates

The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier

UAE banking system

UAE banks reap the benefits of an economic boom

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

FAB supply chain finance in KSA

UAE’s FAB launches supply chain finance in Saudi Arabia

The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds

UAE’s First Abu Dhabi Bank branch

First Abu Dhabi Bank’s Q1 2023 net profit up 70%

The banking group’s operating income jumped 51 per cent YoY to reach Dhs6.7bn compared to Dhs4.5bn in the first quarter of 2022

ADNOC Distribution fuel pumps

Shareholders of ADNOC Distribution approve $700m dividend

The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

Standard-Chartered

Standard Chartered faces fresh questions after report of First Abu Dhabi Bank takeover bid

While FAB said it’s no longer evaluating a possible offer, the news sent shares in the London-listed lender higher as investors weighed the prospects of any deal

First-Abu-Dhabi-Bank

First Abu Dhabi Bank, Magnati, PayRow Net to develop digital payment platform

The streamlining and automating of revenue collection will help government entities to better plan and forecast as well as focus on their core business and services

UAE President wipes out over Dhs536.2m debt for Emiratis

The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations

Rula Al Qadi is the managing director and head of group funding at First Abu Dhabi Bank

Why green bonds are an effective weapon in the fight against climate change

The provision of green bonds and green private placements products are a vital aspect of First Abu Dhabi Bank’s sustainability strategy and the projects it’s actively involved in

FTA to enable digital payments through Magnati

UAE Federal Tax Authority to discontinue eDirham system for tax payment

The eDirham system will be replaced with Magnati, the smart payment option from First Abu Dhabi Bank

Achieving net zero will require the full might of the banking sector

Banks are already facilitating private sector engagement in net zero, and this will deepen in the coming years

VIsa launches She's Next with FAB and DBC

Visa, FAB and DBWC launch ‘She’s Next’ programme for female entrepreneurs in UAE

She’s Next will deliver significant networking opportunities in partnership with the Dubai Business Women Council for female entrepreneurs in Dubai

AJman DoF FAB Photo

Ajman’s DoF, FAB and Magnati to offer digital payments through AjmanPay app

Ajman Pay will accelerate the emirate’s shift toward a cashless economy and ensure that government entities benefit from digital payment solutions

ADDED Abu-Dhabi_

Abu Dhabi’s ADDED introduces easy payment plan for business owners

The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments

FAB

Q1 2022: First Abu Dhabi Bank reports highest ever quarterly net profit

The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021

Digital wallet

Careem Pay launches peer-to-peer transfer facility and digital wallet in the UAE

It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

UAE’s FAB partners with IBM to accelerate digital transformation

IBM’s team of experts will work with FAB to modernise existing applications and enhance the digital footprint of FAB’s customers

First Abu Dhabi Bank

UAE lender First Abu Dhabi Bank pulls bid for Egypt’s EFG-Hermes

FAB had offered to buy a majority stake in EFG-Hermes in February