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Abu Dhabi-listed telecom firm e& forays into NFTs
UAE telecommunications firm e&, formerly known as Etisalat Group, announced on Wednesday the launch of its first set of non-fungible tokens (NFTs), marking its foray into the digital assets space. […]
Fitch affirms Bank of Sharjah’s ‘BBB+’ rating; outlook stable
Fitch Ratings has affirmed Bank of Sharjah’s long-term issuer default rating (IDR) at ‘BBB+’ for the second year in a row, with a stable outlook. Affirming Bank of Sharjah’s rating […]
UAE top banks’ profits, margin levels ‘take a hit’ in Q1
The profitability of the top ten UAE banks has deteriorated marginally by 0.3% in Q1 2022 and return on asset (RoA) remained flat at 1.4% during the quarter compared […]
Emirates Investment Bank turns to losses in Q1-22
Emirates Investment Bank has logged net losses attributable to the equity holders of AED 43.63 million in the first quarter (Q1) of 2022, versus net profits of AED […]
UAE: New digital bank Wio gets Central Bank licence, appoints senior leadership
Wio Bank – an integrated digital banking platform – has announced the appointment of Salem Al Nuaimi as Chairman of the Board and Jayesh Patel as chief executive officer. The […]
Emirates NBD affirms position as regional leader in innovation
Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, has affirmed its position as a regional leader in global banking innovation. Emirates NBD […]
ADGM Academy, HRA, Banque Misr launch banking educational programme for Emiratis
Abu Dhabi Global Market Academy (ADGMA), the educational arm of Abu Dhabi Global Market, the Human Resources Authority (HRA) in Abu Dhabi, and Banque Misr have signed a Memorandum of […]
Fitch Ratings affirms RAKBANK’s ‘BBB+’ rating; outlook stable
Fitch Ratings has affirmed the long-term issuer default rating (IDR) of the National Bank of Ras Al Khaimah (RAKBANK) at ‘BBB+’, with a stable outlook. Affirming the bank’s rating reflects […]