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Banking and Finance

Banking and Finance latest

Invest Bank delivers AED 102 million profit before tax for 9M-2025, driven by solid income growth and robust balance sheet performance
November 10th, 2025 - 08:55 GMT

Invest Bank delivers AED 102 million profit before tax for 9M-2025, driven by solid income growth and robust balance sheet performance

Invest Bank today announced its financial results for the nine-month period ended September 30, 2025, reporting a profit before tax of AED 102M, reflecting continued momentum across income streams, balance sheet expansion, and strong recoveries. Key Financial Highlights • Total assets at AED 13.4 Bn (+24% YTD). • Net loans and advances at AED 6.6Bn (+46% YTD). • Customer Deposits at AED 11.1Bn (+28% YTD), with a CASA ratio of 29.4% (FY’24 : 26.6%). • Operating Income of AED 251.4Mn (+21% YoY), equally contributed by growth in core Net Interest ...
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Saudi Central Bank Reiterates Commitment to Riyals-Dollar Peg
May 5th, 2020 - 07:15 GMT

Saudi Central Bank Reiterates Commitment to Riyals-Dollar Peg

NBO is also enabling customers to make donations to the cause through its mobile app and at ATMs.
May 4th, 2020 - 10:44 GMT

National Bank of Oman Supports Healthcare Workers With Its COVID-19 Omr 1 Million Rial Relief Initiative

Saudi Industrial Development Fund Digitally Transforms to Boost Sar184 Billion Industrial Market
May 4th, 2020 - 09:05 GMT

Saudi Industrial Development Fund Digitally Transforms to Boost Sar184 Billion Industrial Market

Al Ansari Exchange Supports the Humanitarian Efforts of  Emirates Red Crescent With Million Dirham Donation
May 3rd, 2020 - 07:32 GMT

Al Ansari Exchange Supports the Humanitarian Efforts of Emirates Red Crescent With Million Dirham Donation

Lebanon: Central Bank Governor Rejects the Blame, Points Fingers on ‘ State Spenders’
April 30th, 2020 - 09:00 GMT

Lebanon: Central Bank Governor Rejects the Blame, Points Fingers on ‘ State Spenders’

Dubai Islamic Bank 1st Quarter 2020 Group Financial Results
April 30th, 2020 - 08:00 GMT

Dubai Islamic Bank 1st Quarter 2020 Group Financial Results

According to global consumer sentiment data, more than 70 percent of respondents in the Middle East are now using some form of contactless payment
April 30th, 2020 - 07:49 GMT

MasterCard Study Shows Consumers in the Uae Make the Move to Contactless Payments for Everyday Purchases, Seeking Touch-Free Payment Experiences

MoF Receives the Federal General Budget Draft for 2021 From the Federal Entities Through Its Automated Budget Preparation System
April 30th, 2020 - 07:13 GMT

MoF Receives the Federal General Budget Draft for 2021 From the Federal Entities Through Its Automated Budget Preparation System

World Bank Grants Jordan $20 Million Relief Package
April 29th, 2020 - 02:00 GMT

World Bank Grants Jordan $20 Million Relief Package

HSBC Scolded for Blocking Donations to Palestinian Aid Charity
April 29th, 2020 - 10:00 GMT

HSBC Scolded for Blocking Donations to Palestinian Aid Charity

Arab Central Banks: Fast Transition to Digital Services is Key to Support Sustainable Economic Development
April 29th, 2020 - 08:30 GMT

Arab Central Banks: Fast Transition to Digital Services is Key to Support Sustainable Economic Development

HSBC Q1 Profits Slash by Half Amid Pandemic Hit
April 28th, 2020 - 10:00 GMT

HSBC Q1 Profits Slash by Half Amid Pandemic Hit

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