Banking

ABU DHABI/WAM Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to customers and the public …

AJMAN / WAM Ajman Bank’s General Assembly, during its Annual General Meeting (AGM) chaired by Sheikh Rashid bin Humaid bin Rashid Al Noaimi, Vice Chairman of the Bank’s Board of Directors, approved the distribution of cash dividends to shareholders amounting to 50% of the net profit for the financial year ended 31st December 2025, equivalent to 9.18% of the Bank’s …

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has partnered with Core42, a G42 company and full-spectrum AI enablement solutions provider, to build a sovereign financial cloud services infrastructure, the world’s first dedicated financial cloud ecosystem. Built on the latest financial technology, the sovereign financial cloud service infrastructure (SFCSI) is part of CBUAE’s Financial Infrastructure Transformation programme, …

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has issued gold and silver commemorative coins to mark the fifth-anniversary of Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). The University is commemorating its five-year milestone since welcoming its first cohort of students in 2020, as well as MBZUAI’s achievements throughout the period 2020-2025. The obverse side of …

ABU DHABI/WAM Abu Dhabi Commercial Bank (ADCB) recorded a net profit after tax of AED11.445 billion in FY2025, marking 22 percent year-on-year growth, while Q4 net profit reached AED3.342 billion. According to a press release issued on Thursday, the bank reported profit before tax of AED12.843 billion in 2025, up 21 percent compared to the previous year, achieving 18 consecutive …

ABU DHABI/WAM In alignment with the UAE Digital Economy Strategy and the Central Bank of the UAE’s (CBUAE) commitment to advancing a secure, inclusive, and innovation-driven national payments ecosystem, the CBUAE, through its Sandbox Programme and Innovation Hub at the Emirates Institute of Finance (EIF), in collaboration with Network International, a leading fintech across the Middle East and Africa, has …

DUBAI / WAM Wio Bank has launched the UAE’s first banking account designed specifically for content creators and digital entrepreneurs, offering tailored features to support income management, payments and business growth. The launch took place during the fourth edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creation economy, organised by the UAE Government …

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 …