Aafaq Islamic Finance forges transformational partnership

Aafaq Islamic Finance forges transformational partnership with The Social Loan Company to drive financial inclusion Alliance to set up AI-powered financial wellness platform in the MENA region Following its resounding success with CASHe in India, TSLC has set up its regional headquarters in the UAE to bring in its cutting-edgeContinue Reading

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HDFC Bank Commits To Becoming Carbon Neutral By 2031-32

Announces plan ahead of World Environment Day on June 5 Plans to achieve this by reducing consumption & resource footprint, moving towards renewable energy and offsets Fund green products; Evaluate credit basis ESG scores MUMBAI, India–(BUSINESS WIRE/AETOSWire)– HDFC Bank today announced plans to become carbon neutral by 2031-32. As partContinue Reading

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Outlook on Africa Finance Corporation’s Rating Raised to Stable by Moody’s

NEW YORK,–(BUSINESS WIRE/AETOSWire)– Africa Finance Corporation, Africa’s leading infrastructure solutions provider, received a boost to its credit ratings outlook from Moody’s Investors Service, which assigned a “stable” outlook. The decision ratifies the second highest investment-grade ranking among African institutions for AFC as Moody’s affirmed the Corporation’s long-term issuer and seniorContinue Reading

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Arab Bank Group reports first quarter 2021 net profit of $128.3 million Arab Bank Group has consolidated the financial statements of Oman Arab Bank under Group accounts in the first quarter of 2021. Oman Arab Bank has also recently finalized the acquisition of Al Izz Islamic Bank, a full-fledged IslamicContinue Reading

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Mashreq posts AED 43 Million Net Profit for 1Q 2021

Mashreq, one of the leading financial institutions in the UAE, has today reported its financial results for the first quarter ending 31st March 2021. Key highlights: Operating Income and Net Profit on a positive trajectory Operating Income has increased by 19.7% over the previous quarter to AED 1.4 billion dueContinue Reading

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 Government Measures to Attract Foreign Investment

 Government Measures to Attract Foreign Investment and Ownership Likely to Drive KSA Property Market in the Long-Term JLL Releases Q1 2021 KSA Real Estate Market Performance report New, relaxed regulations as well as steps taken to attract multinational companies are likely to positively impact demand for commercial office space inContinue Reading

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EMKAN CELEBRATES ITS 1 YEAR ANNIVERSARY

First financial services company to offer instant financing in the Kingdom of Saudi Arabia Plans underway to provide Auto Finance, SMEs Finance, and credit card issuance Emkan, a financial company that provides innovative financial solutions across the Kingdom of Saudi Arabia, has celebrated its first anniversary with the launch ofContinue Reading

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Discover Announces Alliance with Malaysia’s PayNet to Expand Worldwide Acceptance

KUALA LUMPUR, Malaysia & RIVERWOODS, Ill.–(BUSINESS WIRE/AETOSWire)– Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International andContinue Reading

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