Banking

SHARJAH/WAM Sharjah Islamic Bank (SIB) has received the prestigious “Client Excellence Award” from Deutsche Bank in recognition of its outstanding performance in straight-through processing (STP) of payment transactions. The bank achieved an impressive 99% success rate in euro transfers and 98% in US dollar transfers for 2024, reflecting a high level of accuracy, efficiency, and reliability in processing corporate and …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) saw the introduction of 17 securities during the 2025, reflecting its strength, attractiveness, and the confidence of investors. Abdullah Salem Al Nuaimi, Group CEO of ADX, told the Emirates News Agency (WAM) on the sidelines of Abu Dhabi Finance Week that the market is preparing to list two exchange-traded funds …

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has joined the International Advisory Council (IAC) of China’s National Financial Regulatory Administration (NFRA), marking the first time a MENA-based bank has held this position. The appointment reflects FAB’s growing role as a strategic enabler of cross-border capital flows, investment partnerships, and financial innovation between the UAE and China. FAB’s membership …

DUBAI / WAM Dubai Financial Market (DFM) today announced its consolidated financial results for the nine months ending 30 September 2025, reporting a net profit before tax of AED 930.8 million, an increase of 212% compared to the same period in 2024. Total consolidated revenue reached AED 1.1 billion, up 138% year-on-year, reflecting sustained growth in trading activity and the …

SHARJAH/WAM United Arab Bank (UAB) has announced its financial results for the nine months ended 30th September 2025. The bank posted a net profit of AED316 million for the first nine months of 2025, compared to AED212 million for the same period last year, representing a 49 percent year-on-year (YoY) increase. Total income rose 28 percent YoY to AED580 million. …

  DUBAI/WAM The World Bank has described the United Arab Emirates as a leading model in human development and in adopting policies that empower women and youth.Fadia Saadah, Regional Director for Human Development in the Middle East and North Africa, Afghanistan and Pakistan Region at the World Bank, said the UAE has built an integrated model of work-life balance and …

ABU DHABI/WAM Emirates Development Bank (EDB), the financial engine of the UAE’s economic diversification efforts, launched a series of financing solutions and support initiatives for startups and mSMEs, as part of “The Emirates: Startup Capital of the World” national campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to strengthen …

DUBAI / WAM Emirates NBD is marking a year since the launch of its groundbreaking zero-transaction-fee initiative for trading local equities via its award-winning digital wealth platform, accessible through ENBD X. Launched on 26 August 2024, the offering has significantly increased access to local markets, empowering investors to trade UAE-listed equities commission-free. The impact of the zero-transaction-fee initiative has been significant: …

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to maintain the interest rate applicable to …

ABU DHABI/WAM The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest standards and practices in …