ADFD investments in 2022 Photo GettyImages-1430804172

Abu Dhabi development fund sees financing, investments cross Dhs189.7bn in 2022

According to its annual report, Abu Dhabi Fund for Development’s investments benefitted 104 nations last year

IsDB annual meet concludes in Jeddah

Financing agreements worth $5.4bn signed at annual IsDB meet

The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development

emirates development bank 2022

Emirates Development Bank’s financing sees 673% YoY rise in 2022; here’s how much it gave as loans

Emirates Development Bank’s financing contributed Dhs3.5bn to the UAE’s non-oil GDP and helped create more than 12,000 industrial jobs

National Bank of Kuwait reports $1.7bn in net profit for 2022

The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils

National Bank of Fujairah posts 155.1% rise in nine-month net profit

National Bank of Fujairah posts 155.1% rise in nine-month net profit

The lender posted an operating profit of Dhs932.5m for the first nine months of the year, marking a 25.1 per cent rise compared to the previous year

Emirates NBD

Dubai’s Emirates NBD reports 18% rise in net profit for Q1 2022

Total income increased 3 per cent year-on-year to Dhs6.4bn

First Abu Dhabi Bank reports 19% rise in group net profit for 2021

Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase

Most shoppers worldwide keen on ‘buy now, pay later’ loans

A poll of more than 6,300 people globally found that 20 per cent have already taken out buy-now, pay-later loans

First Abu Dhabi Bank partners with Al-Futtaim IKEA on home furnishing loans

The programme is run by the Abu Dhabi Housing Authority

Can GCC banks withstand further shocks due to the pandemic?

GDP growth in the GCC countries will slowly recover from last year’s sharp recession

National Bank of Fujairah reports 44.3% year-on-year dip in Q1 net profit

Its total assets reached Dhs39.1bn compared to Dhs39.9bn at 2020 year-end and Dhs43.3bn as at March 31, 2020

The SME loan journey: How can it be made easier?

Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs

Emirates NBD

Dubai’s Emirates NBD records 55% net profit dip for first nine months of 2020

Total income for the first nine months of 2020 amounted to Dhs18.27bn

Dubai’s Emirates seeks billions in loans due to Covid-19 impact

The funding will be in addition to the financial aid which has been pledged by the government