Emirates NBD acquires HSBC Egypt retail arm in regional expansion push
Emirates NBD acquires HSBC Egypt’s retail banking business under a definitive agreement announced on Sunday, a plan that widens the Dubai lender’s consumer reach in the Arab world’s most populous market. The wholly owned Egyptian unit, Emirates NBD Egypt, will take on the portfolio once regulators sign off. Neither bank disclosed the price. Let’s see […]
CBI’s first-half 2026 profit jumps 68% on legacy recoveries and loan growth
CBI’s first-half 2026 profit reached AED156 million, up 68 percent from the same period a year earlier. The result at Commercial Bank International rested on a wider balance sheet and money recovered from older accounts. Second-quarter pre-tax net profit came to AED104 million. Recoveries linked to the clearing of legacy accounts lifted the quarter, and […]
Yalla payment services approval brings the UAE closer to cashless finance
The Yalla payment services approval moves a growing fintech one step closer to serving customers across the UAE. On Monday, Yalla Financial Solutions said the Central Bank of the UAE (CBUAE) had granted it an In-Principle Approval for a Retail Payment Services Category II License. The nod falls under the CBUAE Retail Payment Services and […]
Jaywan, the UAE’s first domestic card scheme, gains Mastercard credit card
Jaywan, the UAE’s first domestic card scheme, will carry a Mastercard badge on a new credit card under a partnership announced by Al Etihad Payments. AEP owns and operates the country’s national card switch and the Jaywan scheme, and it is a wholly owned unit of the Central Bank of the UAE. Both sides describe […]
FAB Launches the Emirati Jaywan Debit Card Across the UAE for Daily Use
FAB launches the Emirati Jaywan Debit Card, and the country now has a homegrown card sitting inside its biggest bank. The card is live for domestic use. It runs on the UAE national card scheme, the local rails managed by Al Etihad Payments and backed by the Central Bank of the UAE. First Abu Dhabi […]
NBQ’s 2026 half-year profit reaches AED271 million on solid fundamentals
NBQ’s 2026 half-year profit came in at AED271 million for the six months to 30 June. Behind that figure sit the depositors, borrowers and staff who keep the lender running. The National Bank of Umm Al Qaiwain results point to steady footing at a small bank that families and businesses in the northern emirates lean […]
Sharjah Islamic Bank H1 2026 results show net profit rising 15.3 percent
Sharjah Islamic Bank H1 2026 results showed net profit after tax reaching AED803.9 million. The lender lifted earnings 15.3 percent from AED697.2 million during the same period last year. Balanced growth across core business lines drove this result, alongside a strengthened capital base. You can see the strength in both income diversification and improved operating […]
Dh100,000 cashback from Emirates NBD rewards new Priority Banking clients
Dh100,000 cashback from Emirates NBD gives new account holders a strong reason to start banking here. The Emirates NBD Mega Cashback campaign rewards people who open and fund their first account. Eligible new Priority and Private Banking clients earn one per cent on their qualifying balance. This 1 per cent cashback account balance reward applies […]
Why Governments are “ADDICTED” to Debt?
Developed economies around the world are loaded up with debt. That was less of a problem in the era of free money, but inflationary pressures are back, and structurally higher interest rates mean debt is more expensive to issue and service.
The 5 Best Online Banks in the UAE (2026): Fees, Features and Who Each One Is For
The UAE’s digital banking market has matured quickly. Account opening that once took weeks now takes minutes, branch visits are optional, and the competition has split cleanly into business-first players and everyday personal accounts. This guide covers the five strongest online banks in the country right now, what each does best, and the trade-offs to […]
HSBC issued an AI adoption in investing report on UAE wealth trends 2026
HSBC issued an AI adoption in investing report showing how UAE investors now use these tools. Your money decisions sit at the center of this fast-moving shift across the country. Researchers surveyed 9,993 wealthy people across ten markets, including 703 investors based in the UAE. The numbers place UAE AI adoption right at the top, […]
UAE opens T-Sukuk subscription for first retail issuance at Dh1,000 minimum
T-Sukuk subscription opened this week, giving UAE residents direct access to a sovereign investment. The UAE Ministry of Finance announced the offering on Tuesday with full pricing details. Citizens and residents can now invest in the country’s first government-backed retail sukuk programme. The total issuance size reaches Dh50 million, equal to roughly 13.61 million US […]
