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During the first nine months of 2024, CBD reported a 12.1 percent rise in operating income to AED4.164 billion
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai
This infrastructure and tailored services will enable secure, efficient processing of local ecommerce transactions
This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision
GCC banks have sufficient external liquidity to cover outflows in most cases
Bank becomes the first regional and UAE dirham, Saudi riyal, and Indian rupee settlement bank on the platform
Nasser noted that Asia and the Global South are often overlooked in transition plans, impacting the world
UAE leads the region in the fintech startup sector, with over 550 companies currently operating in this field
Net profit rose 4 percent year-on-year to AED12.9 billion in the first nine months of 2024
The move reflects the UAE's commitment to support communities in crisis
The initial focus of Project Aperta will be on trade finance for SMEs
The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion
This marks the first consecutive rate reduction in 13 years
The committee noted that this decision reflects recent global and local developments
Financial products and services that could help young adults are sometimes out of reach due to governing frameworks and societal biases
Payment passkeys use device-based biometrics to replace OTPs, making online transactions faster and safer
Significant loan growth, a low-cost funding base and strong transaction volumes propel group's growth
This move would accelerate Odeabank’s growth and drive tech advancements in financial services
The initiative seeks to streamline tax compliance by collecting VAT on real estate and land transactions
Mashreq selects Oracle Exadata Cloud@Customer to leverage cloud automation and boost scalability
Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year
