Browsing: Banking

Al Hilal Bank, part of the ADCB Group, has appointed Jamal Al Awadhi as its new Chief Executive Officer. His appointment marks a significant step in the bank’s ambitious growth plans and its commitment to strengthening its position as the UAE’s leading Shariah-compliant digital bank.

The UAE banking sector is set to experience significant lending growth in 2025, driven by an easing of monetary policy and a favourable economic environment, according to S&P Global Ratings analyst Puneet Tuli.

UAE’s Mashreq Bank announced on Monday that it had successfully completed the sale of a majority stake in Neopay, a digital payments provider. The minority stake has been acquired by a consortium consisting of DgPays and Arcapita Group Holdings Limited.

Crypto.com has signed a memorandum of understanding (MoU) with Dubai Islamic Bank (DIB) to strengthen its services across the UAE and the Gulf Cooperation Council (GCC) region. This alliance aims to enhance the cryptocurrency experience for its over 100 million global customers while integrating Islamic finance principles.