financial services
DFSA-regulated Entities Jump 31% In 2024 To Go Past The 900 Mark
Middle East Business News - Published date: .
The DFSA authorised 946 individuals and 17 Designated Non-Financial Business or Professional corporate services provide... Read more
Al Ansaris CashTrans Partners With Sharjah Islamic Bank To Enhance Cash Management Services
Middle East Business News - Published date: .
Collaboration aims to streamline cash handling, boost security, and optimise cash flow for Sharjah Islamic Bank and its... Read more
DFSA Co-leads Report On AIs Impact In Financial Services
Middle East Business News - Published date: .
The report, prepared alongside UK’s FCA, provides key insights on the use of consumer-facing AI in global financial s... 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
Paymob Secures UAE Central Bank License For Retail Payment Services
Middle East Business News - Published date: .
The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions Read more
Al Ansari Financial Services, Halan Partner To Launch Financing Solutions In UAE
Middle East Business News - Published date: .
The partnership introduces two key services: Salary Advance and Send Now, Pay Later (SNPL), which offer greater financi... Read more
Coronavirus, Low Oil Prices Set To Speed Up Gulf Bank Mergers
Middle East Business News - Published date: .
Moody's Investors Service says financial concerns in the region will play a larger role in encouraging deals Read more
Credit Agricole Exits Saudi Arabia With $386m Fransi Sale
Middle East Business News - Published date: .
About 48.3m shares were sold at 30 riyals each as the stock closed at 32.20 riyals on Sunday Read more
CEO Of UAE Digital Finance Firm Deem To Step Down
Middle East Business News - Published date: .
Chris J de Bruin informs board of directors of his plans to resign in order to 'pursue other endeavours' Read more
Bank Of Bahrain And Kuwait And Ithmaar Holdings To Discuss Acquisition Plans
Middle East Business News - Published date: .
BBK is exploring the possibility of acquiring the Bahrain operations of Ithmaar Bank Read more
State Street Opens Saudi Office As It Expands Into Middle East
Middle East Business News - Published date: .
The Boston-based financial-services firm is entering Saudi Arabia as part of its plans to boost its presence in the Midd... Read more
Emirates NBD In Talks To Buy Lebanese Bank's Egyptian Business
Middle East Business News - Published date: .
Discussions are ongoing and there is no certainty that a deal will be completed, Dubai-based Emirates NBD said Read more
Shuaa Capital Reports $72m Profit For Q2
Middle East Business News - Published date: .
Shuaa said its operating businesses, asset management and investment banking showed a strong recovery in profitability i... Read more
Byblos Bank Reports First Annual Loss Since 1963
Middle East Business News - Published date: .
'Dramatic factors' in Lebanon blamed for the $122m loss reported for 2019 Read more
First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions
Middle East Business News - Published date: .
Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more
Standard Chartered Bank Appoints New Saudi CEO
Middle East Business News - Published date: .
Standard Chartered Bank was awarded the licence to setup a banking branch in Saudi Arabia in 2019 Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Middle East Business News - Published date: .
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
Survey Reveals Trust In UAE Banks On The Increase
Middle East Business News - Published date: .
UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more
Finablr's Auditors EY Resign Over List Of 'concerns'
Middle East Business News - Published date: .
Non-executive directors Abdulrahman Basaddiq and Bassam Hage have also resigned Read more
Embattled Finablr-owned Travelex Goes Up For Sale
Middle East Business News - Published date: .
BR Shetty has resigned from the board off Travelex, although he remains in place as chairman and majority stakeholder at... Read more