The green bonds were issued by Sweihan PV Power Company (SPPC), the project company that built, owns, and operates Noor Abu Dhabi, one of the world’s largest single site solar projects
banking
Abu Dhabi Securities Exchange
First Abu Dhabi Bank reports highest quarterly net profit in its history at $1.38 billion in Q1 2022
The First Abu Dhabi Bank’s total income reached $1.98 billion and includes a $762.29 million net gain on the disposal of majority stake in payments business Magnati
Bal Krishen
UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds
The UAE Ministry of Finance has assembled six local and international banks to participate in the primary market auction, including Abu Dhabi Commercial Bank (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), and Standard Chartered
Abu Dhabi
Banking educational programme launched in Abu Dhabi as UAE looks to improve employability
The Abu Dhabi programme aims to refine the skills of Emirati researchers, promote their successful integration to the private sector, and support sustainable employment
banking
How will the Kuwaiti banking sector perform in 2022?
Earnings in the banking sector are expected to fully recover in 2022, supported by higher margins, higher oil prices, and rising interest rates, according to S&P Global Ratings
banking
Choosing the right banking partner is crucial for regional startup success
In spite of the opportunities which abound, however, early-stage startup founders can find themselves facing a clutch of initial challenges when starting a new business. One of those is finding the right banking partner. It’s a complex issue.
Ajman Bank
Ajman Bank and Emirates Development Bank partner to offer support for UAE SMEs
Under the MoU, Ajman Bank will offer up to AED 10 million financing to SMEs and 50% of the facility amount will be either guaranteed or co-lent by EDB
banking
MyMonty: Why neobanks are ready to serve a glorious purpose
Mountasser Hachem, founder and chairman of Monty Mobile, explains the advantages that neobanks have over legacy financial institutions, the company’s growth plans and how fintech can aid financial inclusion
banking
Central Bank of Kuwait launches e-payment service amid digital expansion plans
New system allows all local payment and transfer transactions among banks operating in Kuwait and to customers’ accounts to go through within seconds
banking
How a UAE-based start-up is building a global business from Dubai
Fintech start-up, Xare, has already created a vast global footprint, with more than 500,000 users across 120 countries within six months of its launch
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banking
First Abu Dhabi Bank reveals 11% hike in H1 profits
Bank has announced profits of $1.47bn for the first six months of the year
banking
Dubai Islamic Bank improves profitability, total income up 5%
Second largest Islamic bank in the world has group assets in excess of $80bn and a market capitalisation of $9bn
banking
Emirates Islamic’s net profit jumps to $155m in first half of 2021
Dubai-based bank’s net profit rose on the back of higher non-funded income, lower costs and lower impairment allowances
banking
Dubai-based Emirates NBD posts 17% jump in profits
Emirate’s biggest bank’s total income for the first half of 2021 was up 9% to $3.1bn over the first six months of the year due to increased transactional activity and stable net interest margins
banking
Fintech – competitors or complementary to banks?
The last decade has seen a surge in the number of fintech players like never before and the pandemic has caused an acceleration in the industry
banking
Building a digital banking environment that fosters trust
A recent Accenture study highlighted that 50 percent of consumers now interact with their bank through apps or websites at least once a week – up from 32 percent two years ago
banking
Emirates NBD wins customer vote for Most Recommended Retail Bank in the UAE
Also wins Most Recommended Bank in the Middle East award for Mobile Banking, Personal Loan and Remittances
