Browsing: Banking

The strategic move strengthens its digital banking footprint. Dubai Islamic Bank (DIB), the UAE’s largest…

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.

First Abu Dhabi Bank (FAB), the UAE’s largest lender, has launched $750 million in five-year…

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.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence for the UAE, has enacted Executive Council Resolution No. (101) of 2024 in his role as Chairman of Dubai’s Executive Council.

The Central Bank of the UAE (CBUAE) and the Hong Kong Monetary Authority (HKMA) held their second bilateral meeting in Hong Kong, strengthening ties between their financial sectors. The meeting, attended by Saif Humaid Al Dhaheri from the CBUAE and Stanley Chan from the HKMA, built on discussions initiated during their first meeting in Abu Dhabi in May 2023.

Zand, a fully licensed, AI-powered digital bank based in the UAE, has officially introduced its…

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of…