Mubasher TV
Contact Us Advertising   العربية

Banking & Insurance

Photo Archive
27 March 12:58 PM UAB’s net profits exceed AED 255m in 2023
Abu Dhabi – Mubasher: The United Arab Bank (UAB) registered AED 255.30 million in net profit during 2023, higher than AED 154.72 million in 2022. Total interest income and income from Islamic financing products hit AED 921.61 million last year, up …
Photo Gallery
26 March 03:31 PM Fitch affirms Ajman Bank’s rating at 'BBB’; outlook stable
Dubai – Mubasher: Fitch Ratings asserted Ajman Bank's long-term issuer default rating (IDR) at 'BBB+', with a stable outlook and viability rating (VR) at 'b+', according to a press release. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said: "We …
Photo Archive
26 March 02:37 PM ADIB partners with Tesla to bolster EV financing
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) inked an affiliate partnership agreement to provide financing to Tesla car buyers at affordable profit rates starting at 1.79%. Through ADIB’s electrical car financing programme VOLT, the lender …
Photo Archive
25 March 12:28 PM Macro Group secures EGP 65m loan from FABMISR
Cairo – Mubasher: The board members of Macro Group Pharmaceuticals - Macro Capital agreed to renew short-term financing from First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB. The board greenlighted the EGP 65 million …
Photo Archive
19 March 12:15 PM RAKBANK announces 2 key appointments
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) appointed Mohamed Omran Al Shamsi as the Chairman of the board. The lender’s board members also elected Shaikha Amneh Al Qasimi as the Vice Chairperson, according to a bourse …
Photo Gallery
13 March 05:03 PM Emirates NBD-Egypt launches new branch in Qena
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, opened its newest branch in Qena Governorate within its expansion strategy to offer a comprehensive scope of services, according to a press release. The inauguration …
Photo Gallery
12 March 03:01 PM FABMISR partners with Drive Finance to foster payment solutions in Egypt
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has entered into a partnership with Drive Finance, a subsidiary of GB Capital owned by GB Corp. This collaboration will witness the integration of …
Photo Gallery
12 March 02:03 PM Emirates NBD partners with Emirates to offer payment facilities for Saudi travellers
Dubai – Mubasher: The Saudi arm of Emirates NBD has signed an agreement with Emirates to launch the Fly Now, Pay Down the Line initiative to offer a zero-interest instalment plan for customers in the kingdom. The new feature will enable customers …
Photo Gallery
12 March 12:01 PM UAE’s Al Ansari Financial Services witnesses surge in remittance to Egypt post pound devaluation
Dubai – Mubasher: Al Ansari Financial Services has reported a large increase in money transfers from the UAE to Egypt following the Central Bank of Egypt’s (CBE) decision to float the Egyptian Pound and liberate its exchange rate based on market …
Photo Gallery
11 March 01:48 PM Emirates Development Bank, KLAIM pen MoU to support healthcare providers
UAE – Mubasher: The UAE-based state-owned Emirates Development Bank (EDB) has signed a memorandum of understanding (MoU) with KLAIM, a local healthcare-focused fintech company to provide low-risk short-term working capital solutions to support …
Photo Archive
11 March 10:41 AM Investcorp Capital seals $800m credit facility deal
Mubasher: Investcorp Capital has entered into a $800 million revolving credit facility agreement with a syndicate of regional and international banks as lenders and Investcorp Holdings as a guarantor. The agreement is expected to have a positive …
Photo Archive
10 March 03:55 PM Emirates NBD-Egypt’s profits hike 174% in 2023
Cairo – Mubasher: Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD, achieved net profits valued at EGP 3.24 billion in 2023, an annual leap of 174% from EGP 1.20 billion. The registered profits marked the highest annual growth rate in …
Photo Gallery
7 March 06:46 PM FAB forges extensive global partnership with Mastercard
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
Photo Archive
6 March 04:48 PM FAB to pay 50% cash dividends for 2023
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) obtained the approval of its annual general meeting (AGM) to disburse 50% cash dividends, equivalent to AED 7.80 billion, for 2023. FAB will pay out a dividend of AED 0.71 per share to eligible …
Photo Archive
6 March 01:57 PM GFH to sell Khaleeji Bank's AT1 Certificates for $75m
Mubasher: GFH Financial Group has signed an agreement with Southern Star Investments WLL to sell a portion of its ownership in the Khaleeji Bank’s Additional Tier 1 (AT1) Certificates. The transaction was concluded at a nominal value of $74.96 …
Mohamed Abdelbary as acting Group CEO of ADIB
6 March 10:35 AM ADIB names Abdelbary as Acting Group CEO
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as its acting Group CEO following the resignation of Nasser Al Awadhi from the same position. Abdelbary joined ADIB in May 2020 as the group CFO from Standard …
Photo Gallery
6 March 10:04 AM FAB’s unit in Egypt opens new branch in Banha
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), Egypt-based unit of the ADX-listed FAB, has inaugurated a new branch in Banha City, according to a press release. The inauguration marks the bank’s 65th branch and aligns with its objectives …
Photo Gallery
5 March 05:42 PM UAE-based GII expands in Saudi Arabia
UAE – Mubasher: Gulf Islamic Investments (GII) has acquired an entity licensed by the Saudi Capital Market Authority (CMA) to boost operations in the kingdom. GII operations in Saudi Arabia will include corporate finance advisory, investment …
Photo Archive
3 March 03:55 PM Bank of Sharjah leads $750m bond issuance
Abu Dhabi – Mubasher: Bank of Sharjah acted as a joint lead manager and book-runner in the issuance of a $750 million bond for the Government of Sharjah. The listed lender issued the 12-year U.S. dollar-denominated 144A/Reg S senior unsecured …
Photo Gallery
3 March 12:44 PM ADIB to pay AED 2.5bn cash dividends for 2023
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) obtained the approval of its general assembly to disburse cash dividends of AED 2.59 billion for 2023, according to a press release. ADIB will pay out a dividend of 71 fils per share, marking an …
Photo Archive
29 February 06:08 PM FAB’s unit in Egypt records 131% leap in 2023 profits
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a business of the UAE listed FAB operating in Egypt, achieved a 131% year-on-year (YoY) jump in net profit to EGP 10.40 billion in 2023, according to the financial statements. The net loans …
Photo Gallery
29 February 09:51 AM SNB Capital launches $230m fund via Dubai-based unit
Riyadh – Mubasher: Saudi investment bank and asset manager SNB Capital launched SNBC Capital Oil & Gas Fund I, which was established by SNB Capital’s Dubai-based subsidiary, SNB Capital (DIFC) Limited. The newly created fund aims to provide …
Photo Archive
28 February 12:20 PM DIB’s annual assembly nods to AED 3.2bn dividends
Dubai – Mubasher: The annual general meeting (AGM) of Dubai Islamic Bank (DIB) greenlighted a 45% cash dividend aggregating to an amount of around AED 3.25 billion. DIB witnessed financial growth during 2023, as total income surged by 43% to AED …
Photo Archive
27 February 03:02 PM Mashreq concludes $88m facility deal for Agrobank
Dubai – Mubasher: Mashreq Bank has closed a $88 million facility for joint-stock commercial bank Agrobank, according to a press release. The one-year syndicated term loan was initially launched at $50 million and closed at $88 million due to the …
Photo Archive
22 February 01:00 PM Emirates NBD to disburse AED 7.5bn cash dividends for 2023
Dubai – Mubasher: The annual general meeting of Emirates NBD approved, on 21 February, the board’s proposal to disburse cash dividends amounting to AED 7.57 billion for 2023. Eligible shareholders will receive a dividend of AED 1.20 per share, …