Mubasher TV
Contact Us Advertising   العربية

Banking & Insurance

Photo Archive
24 July 04:11 PM ADIB logs 30% higher consolidated profit in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) posted a 30% year-on-year (YoY) surge in consolidated net profit after tax and zakat of AED 3.02 billion during the first half (H1) of 2024 from AED 2.32 billion. Total operating income soared …
Photo Gallery
24 July 03:49 PM FAB expands Visa B2B in region via new partnership
Abu Dhabi – Mubasher: Visa teamed up with First Abu Dhabi Bank (FAB) to expand the Visa B2B Connect network in the region, according to a press release. The collaboration aims to boost corporate cross-border payments, allowing businesses in the …
Photo Archive
24 July 03:24 PM CBD’s net profits hike 18.5% in H1-24
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) witnessed an 18.50% surge in net profit after tax to AED 1.45 billion during the first half (H1) of 2024, compared to AED 1.22 billion in H1-23. Total operating income climbed by 10.10% …
Photo Gallery
24 July 12:16 PM ADCB bolsters presence in Central Asia via new hub in Kazakhstan
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) established a hub in Kazakhstan for its Shari’ah-compliant corporate banking services, according to a press release. The hub aligns with the DFM-listed lender’s objectives to expand its …
Photo Archive
24 July 10:37 AM DIB sees higher profits in H1-24; total income hits AED 11.2bn
Dubai – Mubasher: Dubai Islamic Bank (DIB) registered net profits valued at AED 3.37 billion in the first half (H1) of 2024, up 8.60% from AED 3.11 billion in H1-23. The lender posted 21.30% year-on-year (YoY) higher total income at AED 11.29 …
Photo Gallery
22 July 12:51 PM DIB leads $3.2bn financing for GEMS Education
Dubai – Mubasher: Dubai Islamic Bank (DIB) led a $3.25 billion financing facility for GEMS Education, the largest private K-12 education provider in the world, according to a press release. The transaction anchors DIB's leadership in the financial …
Photo Gallery
21 July 04:52 PM GCC fixed income markets see $75.5bn issuances in H1-24 – Report
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Photo Gallery
21 July 12:07 PM Masdar secures $1bn from 2nd green bond issuance
UAE – Mubasher: Abu Dhabi Future Energy Company (Masdar) has raised $1 billion through its second green bond issuance, under its Green Finance Framework. The issuance includes two tranches of $500 million each, with tenors of 5 and 10 years and …
Photo Gallery
21 July 10:09 AM RAKBANK issues 1st publicly traded Social Bond in GCC
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
Photo Archive
18 July 06:22 PM Ajman Bank records all-time high half-yearly net profits at nearly AED 216m in H1-24
Dubai – Mubasher: Ajman Bank generated net profits after tax worth AED 215.56 million in the first half (H1) of 2024, describing the results as the bank’s “all-time high half-yearly net profits,” according to a press release. The H1-24 net profits …
Photo Archive
18 July 05:35 PM ADCB achieves AED 5bn net profit before tax in H1-24
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
Photo Archive
18 July 04:22 PM Sharjah Islamic Bank logs AED 566m consolidated profit in H1-24
Abu Dhabi – Mubasher: The consolidated net profit attributable to the owners of Sharjah Islamic Bank rose to AED 566.16 million in the first half (H1) of 2024 from AED 494.57 million in the comparative period the year before. Total operating …
Photo Archive
18 July 11:17 AM Emirates Islamic Bank’s net profit leaps 37% YoY in H1-24
Dubai – Mubasher: Emirates Islamic Bank posted a 37% year-on-year (YoY) surge in net profit to AED 1.66 billion in the first half (H1) of 2024. The bank’s total income soared by 15% YoY to AED 2.69 billion in H1-24, according to a press release. …
Photo Gallery
18 July 10:28 AM Emirates NBD logs 12% YoY higher profit in H1-24
Dubai – Mubasher: Emirates NBD reported a 12% year-on-year (YoY) surge in net profit to AED 13.80 billion during the first half (H1) of 2024. The bank’s earnings per share jumped by 13% YoY to 214 fils in H1-24, according to a press release. …
Photo Archive
16 July 12:50 PM NBQ’s consolidated profit rises to AED 285m in H1-24
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) posted a consolidated net profit of AED 285.36 million in the first half (H1) of 2024, up from AED 255.12 million in the comparative period a year earlier. Interest income surged to AED …
Photo Archive
16 July 11:23 AM Shuaa Capital swings to consolidated loss in Q1-24
Dubai – Mubasher: Shuaa Capital turned to a consolidated net loss of AED 94.73 million during the first quarter (Q1) of 2024, versus a net profit of AED 19.66 million in the same quarter a year earlier. Revenues dropped to AED 30.18 million in …
Photo Gallery
15 July 11:09 AM ADES Holding secures $3bn dual-currency debt facility from local, regional listed entities
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Photo Gallery
11 July 10:10 AM Stride Ventures makes 1st GCC investment of $1m in Maalexi
Riyadh – Mubasher: Stride Ventures, a global venture debt firm from India, marked a key milestone in its international strategy by announcing its first $1 million venture debt investment in Maalexi as part of a broader GCC commitment. The funding …
Photo Archive
9 July 11:49 AM Avalon Pharma obtains SAR 70m from Emirates NBD
Riyadh – Mubasher: Middle East Pharmaceutical Industries Company (Avalon Pharma) secured a Sharia facility amounting to SAR 70 million from Emirates NBD on 8 July 2024. The Saudi company obtained the loan for one year to finance its operations, …
Photo Gallery
8 July 03:14 PM Network International, Policybazaar facilitate access to affordable insurance policies
UAE – Mubasher: Network International, a leading digital commerce enabler in the Middle East and Africa, has partnered with Policybazaar.ae to offer affordable insurance policies to Network International’s merchants. The partnership enables …
Photo Gallery
8 July 12:54 PM NBK seals 5-year deal to deploy Super iPaaS solution in Middle East
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Photo Gallery
8 July 11:13 AM Ajman Bank, Positive Zero partner to implement energy efficiency solutions
Dubai – Mubasher: Ajman Bank has entered into a contract with Positive Zero’s unit, Taka Solutions, to deploy its energy efficiency solutions at the bank’s headquarters. The 10-year shared savings energy performance contract (SSEPC) covers the …
Photo Archive
7 July 03:43 PM Ajman Bank integrates with Aani Instant Payment to foster innovation
Dubai – Mubasher: Ajman Bank collaborated with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), to integrate with the Aani Instant Payment Platform. This significant partnership reinforces Ajman Bank’s position as one …
Photo Gallery
7 July 02:10 PM ADNOC, JBIC pen $3bn green financing deal
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) for a $3 billion (AED 11 billion) green financing. The facility deal followed the signing of a …
Photo Gallery
7 July 10:52 AM Visa partners with Emaar Properties, Mashreq Bank to digitise B2B payments
Dubai – Mubasher: Visa has entered into a partnership with Emaar Properties and Mashreq Bank to digitise B2B payments through an integrated payables solution utilising Visa and Mashreq's virtual card solution. Launched in 2021, Visa’s virtual card …