Friday 22 January 2021
 
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ADFD allocates $170m for green energy projects

Abu Dhabi Fund for Development (ADFD) is continuing to advance its sustainable development agenda within the country and abroad through clean-energy initiatives, with allocations worth AED622 million ($170 million). The fund completed five renewable energy projects worth AED117.3

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Paymentology to join Mastercard fintech programme

Paymentology, a leading payment processing platform, has been selected by Mastercard to join Mastercard’s Fintech Express programme and its Engage Programme. Mastercard and Paymentology will work together to co-innovate in the field of banking technology in Europe and acros

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Bahrain-origin exports surge 12% to $1.58bn in Q4

The value of Bahrain’s exports of national origin increased by 12% to BD599 million ($1.58 billion) during the fourth quarter of 2020, compared to BD532 million for the same quarter of the previous year, a report said. The top 10 countries in terms of the value of exports o

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FAB to acquire 100% of Bank Audi Egypt’s share capital

First Abu Dhabi Bank (FAB) and Bank Audi sal have announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt, a media report said. This agreement follows the completion of an in-d

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Sharjah Islamic Bank makes $110.48m net profit

Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7%, amounting to AED697.7 million, compared to AED642.1 million for the same period last year.   Considering the exceptional circumstances that the world is going throu

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SICO retains number one broker status on Bahrain Bourse

SICO, a leading regional asset manager, broker, and investment bank (licensed as a wholesale bank by the CBB), has retained its status as the leading broker on the Bahrain Bourse (BHB) for the 22nd consecutive year.   SICO’s market share in terms of traded

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ENBD marks listing of $750m bond at Nasdaq Dubai

Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD (ENBD), rang the market-opening bell at Nasdaq Dubai today (July 20) to celebrate the listing of a $750 million conventional bond. The bond is the first public debt issuance from the UAE in 2021. 

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Ithmaar Bank re-launches Thimaar savings account

Ithmaar Bank, a Bahrain-based Islamic retail bank, has re-launched its Thimaar savings account, offering its Thimaar account holders 2,271 prizes - the highest number of winners by any bank in Bahrain. Ithmaar Bank will also offer a total prize purse of $4,165,000, including one

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Masdar, ENBD partner for services to green REIT

Abu Dhabi-based Masdar, a subsidiary of Mubadala Investment, has partnered with Emirates NBD Asset Management to receive management services for the UAE's first sustainable real estate investment trust – the Masdar Green REIT. Together, Masdar Capital Management, a rece

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Sharjah Chamber logs $5.85bn foreign trade in 2020

The Sharjah Chamber of Commerce and Industry (SCCI) said that exports and imports in 2020 have amounted to nearly AED21.5 billion ($5.85 billion). SCCI’s  accomplished transactions in 2020, where the total number of new and renewed memberships reached 57,103, of which

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