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Banking and Finance

Banking and Finance latest

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion
July 24th, 2026 - 06:04 GMT

FAB delivers 7% growth in H1’26 operating income to AED 19.50 billion and a profit before tax of AED 13.20 billion

First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a strong performance in the first half of 2026. In Q2’26, profit before tax rose 16% sequentially and 6% year on year to AED 7.08 billion, reflecting the resilience of its diversified business model, disciplined execution, and continued client activity across its franchise. The Group reported a 7% yoy growth in operating income to AED 19.50 billion and a 3% yoy increase in profit before tax to AED 13.20 billion ...
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Money laundering, bribery and corruption were identical at around 12 per cent. (Shutterstock)
March 20th, 2019 - 07:00 GMT

Survey: 44 Percent Have Fallen Victim to Financial Crime

The Iranian authorities are negotiating a financial and monetary agreement with China on using local currencies in bilateral financial transactions. (Shutterstock)
March 20th, 2019 - 08:32 GMT

Iran, China Mull Using Local Currencies in Financial Transactions

Fintech will radically improve the financial health of the people of the Gulf. (Shutterstock)
March 20th, 2019 - 07:28 GMT

The Power of Fintech in UAE

Official figures released by Dubai Police showed a steady increase in cybercrime. (Shutterstock)
March 19th, 2019 - 10:05 GMT

Over 700 Bank Accounts Hacked in Dubai

The UAE's 9.5 million population is currently being served by 60 local and foreign banks. (Shutterstock)
March 18th, 2019 - 07:17 GMT

Here's Why Consolidation Is Required in UAE's Banking Sector

Positive effects on employment and economic development could be considerable. (Shutterstock)
March 17th, 2019 - 04:30 GMT

Why Women Should Be More Involved in the Financial Sector in MEA

Is Consolidation the Key for GCC Banks to Stay Competitive? (Shutterstock)
March 12th, 2019 - 01:10 GMT

Is Consolidation the Key for GCC Banks to Stay Competitive?

Palestinian Banking Sector Growth Influenced by Fintech (Shutterstock)
March 7th, 2019 - 08:32 GMT

Palestinian Banking Sector Growth Influenced by Fintech

Ziad Alexandre Hayek. (Twitter)
March 6th, 2019 - 12:02 GMT

Lebanon Withdraws Nomination of Hayek as World Bank President

World Bank Urges Egypt to Prioritize Women's Participation in the Economy. (Shutterstock)
March 6th, 2019 - 09:19 GMT

World Bank Urges Egypt to Prioritize Women's Participation in the Economy

Lebanon’s domestic bank deposits are forecast to grow by a “conservative” $7 billion to $8 billion in 2019. (Shutterstock)
February 28th, 2019 - 07:29 GMT

Lebanese Domestic Bank Deposits to Grow by $8 Billion Thanks to Government Formation

Stanchart, as the bank is popularly known, started talks with regulators in the Kingdom to obtain a banking license in 2017. (Shutterstock)
February 27th, 2019 - 10:59 GMT

Standard Chartered to Launch Banking Operations in Saudi Arabia

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