Monday 28 May 2018
 
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Dubai Islamic Bank donates $4m to Sharjah charity

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has donated Dh15 million ($4.08 million) of Zakat money to Sharjah Charity International, said a report. Abdul Razzaq Al Abdullah, head of Community Services Departmen

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Dubai Investments to launch new Islamic bank

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank wi

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FAB refutes allegations over Qatari rial

First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.   In a statement, FAB said: “Following recent media speculation, we a

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Lanterns Lounge inks key deal with AFS, Al Salam Bank

AFS, the region’s leading FinTech enabler, and payment services provider, and Al Salam Bank-Bahrain have signed an MOU with Lanterns Lounge and Restaurant group to roll out a Digital Payroll Program benefiting both the group as well as its

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Lanterns Lounge inks key deal with AFS, Al Salam Bank

AFS, the region’s leading FinTech enabler, and payment services provider, and Al Salam Bank-Bahrain have signed an MOU with Lanterns Lounge and Restaurant group to roll out a Digital Payroll Program benefiting both the group as well as its

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ADIB posts record $626m profit for 2017

Abu Dhabi Islamic Bank (ADIB) today reported a record net profit of Dh2.3 billion ($626.2 million) for the year ended December 31, 2017, up 17.7 per cent from 2016, driven by higher income from fees, foreign exchange, investments and r

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Mashreq's net profit surges 6.5pc in 2017

Mashreq, one of the leading financial institutions in the UAE, said its net profit for the year ending December 31, 2017 hit Dh2.1 billion ($571 million), thus registering a 6.5 per cent jump over the same period the previous year.

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Mashreq Bank celebrates 50th anniversary

Mashreq Bank, the UAE’s oldest privately owned bank, celebrated its 50th anniversary in Bahrain in the attendance of key industry leaders, clients, and partners at the Gulf Hotel.    With 50 years of a

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Gulf Bank wins top Asian Banker award

Gulf Bank, a leading bank in Kuwait, was presented the ‘Credit Risk Technology Implementation of the Year in the Middle East and Africa’ award by The Asian Banker at a ceremony held earlier this month at the Conrad Hotel in Dubai.

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Abu Dhabi global market, Yes Bank to advance Fintech opportunities

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Yes Bank have signed an MOU to further foster cross-border exchange between the FinTech ecosystems of the UAE and India. The collaboration will e

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