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Banking and Finance

Banking and Finance latest

CBI Achieves Record Profit in 2025, Delivering AED 311 million Pre-Tax Net Profit with 40% Growth
January 27th, 2026 - 04:41 GMT

CBI Achieves Record Profit in 2025, Delivering AED 311 million Pre-Tax Net Profit with 40% Growth

Commercial Bank International PJSC (“CBI” or “the Bank”) (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, today announced strong financial results for the full year ended 31 December 2025, marking the highest profitability in the Bank's history and demonstrating significant progress in its strategic transformation. Key Highlights: • Pre-tax net profit of AED 311 million, up 40% year-on-year, representing the Bank's strongest annual performance ever and reflecting robust operating performance and successful balance sheet optimization • Post-tax net profit of AED 295 million, delivering enhanced shareholder value • Net ...
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The coveted award was delivered in recognition of the Fund’s consistent long-term outperformance.
September 17th, 2017 - 05:01 GMT

Burgan Bank Wins Prestigious Thomson Reuters Lipper Award for ‘Best Local Equity Fund’

The UK saw uneven rates of prosperity growth over the last year, according to a new report by Barclays. (File photo)
September 14th, 2017 - 07:59 GMT

Prosperity in UK Cities Gains Momentum as Wider Regional Growth Lags Behind

Deloitte has launched the third volume in a series of whitepapers designed to help businesses in the Gulf understand the impact of VAT.
September 14th, 2017 - 06:42 GMT

Deloitte Launches Whitepaper Part 3: VAT Impact on Family Offices; Importers, Exporters and Free Zone Entities

Hector Rodriguez, Regional Risk Officer for Central and Eastern Europe, Middle East and Africa, Visa
September 14th, 2017 - 05:44 GMT

Visa Addresses Future of Payments Innovation at Middle East and Eastern Europe Security Summit

A new study has revealed that the most-preferred customer channel for accessing banking services in Saudi Arabia is via a mobile app. (Shutterstock)
September 13th, 2017 - 02:44 GMT

Mobile Banking, Not Traditional Banking, Is What Saudi Customers Want: Infographic

The loan facility was signed at the Reem Finance PJSC’s office in Abu Dhabi. Attending the ceremony were Mustafa Kheriba, Reem Finance’s Board Member, Howard Kitson, Reem Finance’s Chief Executive Officer, and Peter England, RAKBANK’s Chief Executive Officer, along with Rajan Khetarpal, RAKBANK’s Board Member, and other senior representatives from RAKBANK, and Reem Finance.
September 13th, 2017 - 11:30 GMT

RAKBANK Arranges Dh125 Million Financing Solutions to Abu Dhabi's Reem Finance

Prince Alwaleed Bin Talal. (AFP/ File)
September 13th, 2017 - 10:31 GMT

Crédit Agricole Sells 16 Percent Stake in Saudi Bank to Prince Alwaleed Bin Talal

Zaid Ashkanani, winner of second position at the Porsche Mobil 1 Super Cup 2017
September 13th, 2017 - 10:04 GMT

Gulf Bank Congratulates Zaid Ashkanani for Winning Porsche Mobil 1 Super Cup 2017 in Monza, Italy

During the press conference.
September 13th, 2017 - 09:53 GMT

Abu Dhabi National Takaful Company Receives Financial Strength Rating of ‘A-’, Long-Term Issuer Credit Rating of ‘a-’

The Salary Account Offer gives new customers the opportunity to either receive a KD 100 cash gift upon transferring their salaries to Gulf Bank or an interest free loan.
September 13th, 2017 - 09:23 GMT

Gulf Bank’s Kuwaiti Salary Account Coming to a Mall Near You

Mr. Luay Ahmadi, Senior Executive Officer of GFH Capital.
September 13th, 2017 - 06:10 GMT

GFH Completes $43.45 Million Exit of US Atlanta Property

The agreement reflects efforts by both authorities to provide a robust regime that fosters innovation in the Dubai International Financial Centre (DIFC) and Malaysia.
September 12th, 2017 - 10:32 GMT

DFSA and Malaysia’s Securities Commission Sign FinTech Agreement

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