#First Abu Dhabi Bank
The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework
The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
The move will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its platform
The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
The banking group’s operating income jumped 51 per cent YoY to reach Dhs6.7bn compared to Dhs4.5bn in the first quarter of 2022
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021
While FAB said it’s no longer evaluating a possible offer, the news sent shares in the London-listed lender higher as investors weighed the prospects of any deal
The streamlining and automating of revenue collection will help government entities to better plan and forecast as well as focus on their core business and services
The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations
The provision of green bonds and green private placements products are a vital aspect of First Abu Dhabi Bank’s sustainability strategy and the projects it’s actively involved in
The eDirham system will be replaced with Magnati, the smart payment option from First Abu Dhabi Bank
Banks are already facilitating private sector engagement in net zero, and this will deepen in the coming years
She’s Next will deliver significant networking opportunities in partnership with the Dubai Business Women Council for female entrepreneurs in Dubai
Ajman Pay will accelerate the emirate’s shift toward a cashless economy and ensure that government entities benefit from digital payment solutions
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
The lender’s quarterly group net profit, equalling Dhs5.1bn, rose 107 per cent year-on-year from Dhs2.5bn recorded in Q1 2021
It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
IBM’s team of experts will work with FAB to modernise existing applications and enhance the digital footprint of FAB’s customers
FAB had offered to buy a majority stake in EFG-Hermes in February
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report