Sunday 21 October 2018
 
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ADX listed firms distribute $6bn cash dividends

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has distributed more than Dh23.4 billion ($6.37 billion) in cash dividends to around 406,000 investors on behalf of listed companies in 2018,a media report said.

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Abu Dhabi banks' earnings total $8.39bn in 2017

The total earnings of commercial and Islamic banks in the emirate of Abu Dhabi surged to Dh30.83 billion ($8.39 billion) in 2017, according to figures released recently by the Statistics Centre-Abu Dhabi.   The t

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Financial disruption ‘catalyst for change’

Banks must take advantage of the current financial disruption and collaborate with FinTech companies to sustain and expand their business, said the chairman of Arab Financial Services (AFS) and deputy group CEO of Bank ABC. Sael A

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Bank CEOs 'not managing cybersecurity risks well'

Two-thirds of bank chief executives (71 per cent) in the Middle East could be at risk of losing their jobs because they are not managing cybersecurity risks effectively.   Research shows that only 29 per cent of

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Abu Dhabi-based banks net $2.07bn income in Q2

The net income of commercial and Islamic banks in the Emirate of Abu Dhabi amounted to Dh7.6 billion ($2.07 billion) during the second quarter of 2017, with commercial banks accounting for 83.1 percent of the net income of all banks operating in

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GCC banks ‘forced to rethink lending policy’

Reduced liquidity due to changing market dynamics, namely a reduction in oil prices, is forcing banks in the GCC region to rethink their lending policy due to a rise in non-performing loans (NPLs), said professional services firm Deloitte.

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Swift opens up KYC Registry to all finance institutions

Swift today announced that it has opened membership in its KYC Registry to all supervised financial institutions globally. Since the launch of The KYC Registry in December 2014, membership has been limited to Swift-connected super

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Blockchain: Do the numbers add up?

A new study from Accenture and top benchmarking firm McLagan crunches the numbers on blockchain to reveal just how much investment banks should be banking on this potentially disruptive technology. David Treat, managing director, Accent

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Mastercard adds Samsung Pay to online payment options

Mastercard today announced that its cardholders from select banks in the UAE will now be able use the Samsung Pay service to make payments in a quick and secure way. Samsung Pay, Samsung’s mobile payments service, is an easy

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Lankan group secures $35m funding from ME banks

People’s Leasing & Finance, an industry leader in Sri Lanka, said it has successfully raised $35 million in funding from the Middle East market for supporting its general business development and growth.   The three

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