RAKBANK SME Confidence Index captures the mood of small and medium-sized businesses in the UAE
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Entrepreneurs
UAE SMEs continue to show resilience, but confidence drops marginally
In a survey by RAKBANK in association with RFI Global, the UAE SME Confidence Index score showed 4-point drop from 61 to 57 in 2024
financial institutions
RAKBANK posts record over AED 2bn profits in 2024
For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% and 4.6%, respectively
Al Hamra Golf Club
RAKBANK set to partner with Ras Al Khaimah Championship
The partnership reflects RAKBANK’s commitment to supporting sporting events and engaging with the community in Ras Al Khaimah
RAKBANK
RAKBANK announces instant credit card sign-up
RAKBANK introduces digital on-boarding for customer credit cards
Abu Dhabi Islamic Bank
UAE banks see massive profits boost, NBF up 152%
UAE banks report impressive financial performances in the first quarter of 2023
Abu Dhabi Global Markets
UAE’s Rakbank teams up with top crypto platform Kraken to offer AED-based digital asset trading
Currently, crypto investors in the UAE need to use foreign correspondents to fund their trading
business banking
RAKBANK enables SMEs to apply for business loans, financing options on UAE’s first digital onboarding platform
SME customers can apply for business accounts and business finance products through the RAKBANK Quick Apply portal in just a few minutes, and get instant in-principal approval followed by the funds disbursal in just a few days
National Bank of Ras Al Khaimah
RAKBank CEO sees Q2 as ‘turning point’ as it recovers from Covid shock
Peter England describes the second quarter of 2021 as ‘very strong’ after net profit rebound
Noticeboard
RAKBANK named Advertiser of the Year at the MMA MENA Smarties 2020
The wins were for five campaigns across nine categories
banking
Banks should encourage blockchain companies, says Rakbank CEO
Rakbank uses blockchain to send fast cross-border payments to Axis Bank beneficiaries in India
RAKBANK
Rakbank CEO ‘optimistic’ about UAE’s SME sector despite challenges
Rakbank’s exposure to the sector accounts for AED8.4bn of its AED34.6bn loan book
3 Day Super Sale
Dubai shoppers offered up to 90% discounts in 3-day sale
Over 1,500 outlets take part in ‘3 Day Super Sale’ from May 2 to 4
Bank ABC
UAE bank to hold investor roadshow ahead of issuing bond
National Bank of Ras Al Khaimah to hold investor meetings in Hong Kong, Singapore and London
Banking & Finance
UAE’s RAKBANK signs partnership with FC Barcelona
National Bank of Ras Al Khaimah set to launch new FC Barcelona dedicated co-branded products including Mastercard Platinum credit and debit cards