The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
The banking group’s operating income jumped 51 per cent YoY to reach Dhs6.7bn compared to Dhs4.5bn in the first quarter of 2022
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021
While FAB said it’s no longer evaluating a possible offer, the news sent shares in the London-listed lender higher as investors weighed the prospects of any deal
The streamlining and automating of revenue collection will help government entities to better plan and forecast as well as focus on their core business and services
The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations
The provision of green bonds and green private placements products are a vital aspect of First Abu Dhabi Bank’s sustainability strategy and the projects it’s actively involved in
The eDirham system will be replaced with Magnati, the smart payment option from First Abu Dhabi Bank
Banks are already facilitating private sector engagement in net zero, and this will deepen in the coming years
She’s Next will deliver significant networking opportunities in partnership with the Dubai Business Women Council for female entrepreneurs in Dubai
Ajman Pay will accelerate the emirate’s shift toward a cashless economy and ensure that government entities benefit from digital payment solutions
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021
It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
IBM’s team of experts will work with FAB to modernise existing applications and enhance the digital footprint of FAB’s customers
FAB had offered to buy a majority stake in EFG-Hermes in February
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The bank’s payments business was valued at $1.15bn
The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030
Here’s why digital banking will continue to grow rapidly within the country
The potential acquisition would be paid for in cash
The virtual cards can be created for single- or multiple-use
The credit card will reward members for making sustainable choices, while providing options to offset emissions for their spending
Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase
FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction
Bin Tarraf, who served as chief operations officer at Dubai-based Emirates Islamic Bank, will be partially replacing Fadel Al Ali
Launched commercially in April 2021, the platform was co-created by Etisalat Digital along with seven UAE banks