financial institutions
First Abu Dhabi Bank Opens New London Branch, Marking 48 Years In The UK
Middle East Business News - Published date: .
FAB first entered London through its predecessor National Bank of Abu Dhabi, and the city now serves as a hub for priva... Read more
UAE Bank Investments Surge 16.2% To Nearly $211bn In April 2025
Middle East Business News - Published date: .
In the UAE, Abu Dhabi banks led with investments of AED408.9 billion, followed by Dubai at AED296 billion Read more
First Abu Dhabi Banks H1 2025 Profit Jumps 26% To Record AED10.63bn On Strong Non-interest Income
Middle East Business News - Published date: .
The recorded profit marks the highest ever for a six-month period, boosted by strong fee and trading income and steady ... Read more
Kenyas Equity Group To Open Representative Office In The UAE
Middle East Business News - Published date: .
The new office aims to facilitate business, trade and investment opportunities with the UAE, and the wider Middle East,... Read more
Majed Julfar Is Back With Deutsche Bank As Chief Country Officer
Middle East Business News - Published date: .
Also named Head of Corporate Coverage for the Middle East and Africa region; Was with Etihad Credit Insurance for the l... Read more
Magnet For Hedge Funds, The UAE Could Change The $4.5tr Global Industry
Middle East Business News - Published date: .
New IG Prime report says Dubai and Abu Dhabi are expected to see the most hedge fund growth, and increase pressure on g... Read more
Emirates NBD Completes Mandatory Acquisition Of Emirates Islamic Bank Shares
Middle East Business News - Published date: .
The acquisition gives Emirates NBD 100 per cent ownership of Emirates Islamic Bank's entire issued and paid-up share ca... Read more
Al Salam Bank Offers Three Dedicated Eid ATMs In Key Bahrain Malls
Middle East Business News - Published date: .
Bank debit cardholders will be able to withdraw new banknotes in smaller denominations, tailored to the festive gifting... Read more
JP Morgan-backed ISG Partners With Bank Of Baroda To Launch UAEs Jaywan Cards
Middle East Business News - Published date: .
The introduction of Jaywan Cards will help Bank of Baroda’s UAE unit significantly enhance merchant acceptance by off... Read more
Lure Of The Middle East: UBS, JPMorgan Chase To Ramp Up Operations
Middle East Business News - Published date: .
UBS planning to open a new office in Abu Dhabi, while Ashmore chooses Qatar; JPMorgan to go on a hiring spree in the re... Read more
Emirates NBD Gets RBI Go-ahead To Set Up Wholly Owned Subsidiary In India
Middle East Business News - Published date: .
The Dubai bank will be treated on par with local banks after establishing a WOS; It will be allowed to list on Indian s... Read more
From First Click To Full Service: The AI Journey In Financial Services
Middle East Business News - Published date: .
Financial institutions are leveraging AI to predict client needs, automate onboarding and deliver hyper-personalised fi... Read more
ADIO, Mizuho Ink Deal To Boost Japanese Investments In Key Sectors
Middle East Business News - Published date: .
ADIO will collaborate closely with Mizuho to offer practical support to clients seeking to establish or expand their op... Read more
First Abu Dhabi Bank Powers Ahead With Record Q1 Numbers
Middle East Business News - Published date: .
Total income up 11 per cent to $2.4bn as net profit rises 23% to $1.4bn and profit before tax reaches $1.67bn; Total as... Read more
Emirates NBDs Balance Sheet Crosses AED1 Trillion After Strong Q1 Numbers
Middle East Business News - Published date: .
Profit before tax rises 56% to $2.12 billion on strong loan growth and improving deposit mix; Deposits grew by 5%; Inco... Read more
Al Salam Bank Announces Details Of Its 2025 Danat Savings Scheme
Middle East Business News - Published date: .
The biggest reward programme in Bahrain to offer prizes worth $10.6 million, including three grand prizes of $2.65 mill... Read more
Nod For Stablecoins USDC And EURC To Accelerate UAEs Emergence As A Crypto Powerhouse, Say Experts
Middle East Business News - Published date: .
The DFSA’s decision will enable over 6,000 DIFC firms to use these stablecoins for payments and treasury functions le... Read more
RAKBANK Posts Record Over AED 2bn Profits In 2024
Middle East Business News - Published date: .
For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% ... Read more
Burgan Bank Receives CBK Approval To Acquire Bahrains UGB
Middle East Business News - Published date: .
Purchase price of the transaction settled at $190 million; Acquisition expected to be completed in the first quarter of... Read more
HSBC Launches Global Private Banking In Kuwait
Middle East Business News - Published date: .
The launch marks expansion of the bank’s wealth management services in the Middle East Read more