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Financial Results

Oman’s Islamic banking assets hit RO7bn mark as market share rises

August 24, 2023

Oman’s Islamic banking sector is experiencing robust growth this year, driven by strong demand for Shariah-compliant products and supportive regulations.…

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Islamic Finance

Islamic finance in Egyptian market exceeds $19.38bln in 1H 2023: El-Beltagy

August 24, 2023

Mohamed El-Beltagy, President of the Egyptian Islamic Finance Association, has said that the Islamic finance in the Egyptian market exceeded…

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Retail Banking

UAE's top banks' combined profits soar 68% on higher rates, business activity

August 24, 2023

The UAE's biggest banks, which account for 77% of banking assets, notched up a combined net profit of $7.4 billion…

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FinTech

Banking sector fintech major Zafin to set up third global operational centre in Dubai

August 24, 2023

Zafin, the Canada-headquartered leading SaaS (Software-as-a-Service) company in the banking sector, is looking to set up its third global operational…

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Financial Results

UAE's four largest banks post profit rise on interest income boost and economic momentum

August 24, 2023

Profits of the four largest banks in the UAE grew sharply in the first half of this year, boosted by…

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FinTech

Valu rebrands as part of its evolution into a universal financial technology powerhouse

August 24, 2023

Valu, MENA’s leading financial technology company, announced Tuesday a strategic rebranding, marking a pivotal shift in its brand architecture.  …

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Financial Results

Alvarez & Marsal UAE Banking Sector Pulse Reveals Steady Performance in Q2 2023

August 24, 2023

Leading global professional services firm Alvarez & Marsal (A&M) has released its latest United Arab Emirates (UAE) Banking Pulse for…

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Property & Real Estate

Abu Dhabi wealth fund commits additional $451mln in Australian real estate investment firm

August 23, 2023

Abu Dhabi Investment Authority, the UAE’s largest sovereign wealth fund, has doubled its stake to $1.4 billion Australian dollar ($902…

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Regulation, Risk & Compliance

UAE stands ready to host COP28 and highlight its role in enhancing global climate action and conservation: Mariam Almheiri

August 23, 2023

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, has affirmed the UAE's readiness to host the upcoming…

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Insurance

UAE Unemployment Insurance deadline – last date to subscribe may be different in these cases

August 23, 2023

People working in the UAE’s federal government and private sector have been asked to subscribe to the Unemployment Insurance scheme…

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Awards and Recognition

World Finance grants KIB the “Best Islamic Bank in Kuwait” award

August 23, 2023

Kuwait International Bank was crowned the “Best Islamic Bank in Kuwait in 2023” by UK-based World Finance magazine, holding the…

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Islamic Finance

Islamic finance in Egyptian market exceeds EGP 600bn in 1H 2023: El-Beltagy

August 23, 2023

Mohamed El-Beltagy, President of the Egyptian Islamic Finance Association, has said that the Islamic finance in the Egyptian market exceeded…

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