The bank’s payments business was valued at $1.15bn
The passenger service will connect 11 cities and locations in the UAE and is expected to carry over 36.5 million passengers annually by 2030
Here’s why digital banking will continue to grow rapidly within the country
The potential acquisition would be paid for in cash
The virtual cards can be created for single- or multiple-use
The credit card will reward members for making sustainable choices, while providing options to offset emissions for their spending
Its total assets exceeded Dhs 1 trillion, marking a 9 per cent year-on-year increase
FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction
Bin Tarraf, who served as chief operations officer at Dubai-based Emirates Islamic Bank, will be partially replacing Fadel Al Ali
Launched commercially in April 2021, the platform was co-created by Etisalat Digital along with seven UAE banks
FAB will offer both RMB and foreign currency business onshore in China through its new branch in Shanghai
The bank recorded a a full year 2020 net profit of Dhs10.6bn
Clarence Singam-Zhou will begin his new role from March 1, 2021
Al Rostamani will takes over from Andre Sayegh
The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience
It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate
FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, the wider GCC region, Egypt and Asia
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
The awards acknowledged champions from across the region’s business spectrum
Third quarter net profit rose 4 per cent sequentially
First Abu Dhabi Bank will own 10 per cent of the digital bank
The bonds are likely to be offered as soon as this week
The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office
Second-quarter net profit for UAE-based top banks jumps 21 per cent
First Abu Dhabi Bank increased impairments to Dhs1.06bn ($289m) from Dhs467m a year ago
In this year’s Forbes list of the Middle East’s Top 100 Companies 2020, Saudi Arabia led the pack with 33 entries
Amanat said earlier this year it expects the region’s health industry to expand at a compound annual growth rate of 6.7 per cent by 2022
Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn
Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5
On Friday, oil prices plunged the most since 2008 on signs of a breakdown in the global OPEC+ alliance that helped underpin crude’s recovery since 2014