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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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Egypt: Neobank Telda Raises $5 Million in Pre-Seed Round Led by Sequoia
May 18th, 2021 - 12:00 GMT

Egypt: Neobank Telda Raises $5 Million in Pre-Seed Round Led by Sequoia

US Dollar Plummets As Investors Bet On Fed Keeping Interest Rates Low
May 18th, 2021 - 11:30 GMT

US Dollar Plummets As Investors Bet On Fed Keeping Interest Rates Low

SWIFT, Accenture Publish Joint Paper Aims At Exploring CBDCs
May 18th, 2021 - 10:00 GMT

SWIFT, Accenture Publish Joint Paper Aims At Exploring CBDCs

Elon Musk Dethroned As World's Second Richest Man After Tesla Shares, Bitcoin Price Dip
May 18th, 2021 - 08:00 GMT

Elon Musk Dethroned As World's Second Richest Man After Tesla Shares, Bitcoin Price Dip

HSBC Sharpens Focus Of Saudi Arabia Investment Banking Unit
May 18th, 2021 - 07:31 GMT

HSBC Sharpens Focus Of Saudi Arabia Investment Banking Unit

NBO And ‘Entertainer’ Partnership Opens Up Thousands Of Offers For Customers
May 17th, 2021 - 01:57 GMT

NBO And ‘Entertainer’ Partnership Opens Up Thousands Of Offers For Customers

Burgan Bank Announces Names Of The Daily Lucky Winners Of Yawmi Account Draw
May 17th, 2021 - 01:39 GMT

Burgan Bank Announces Names Of The Daily Lucky Winners Of Yawmi Account Draw

S&P: Saudi Bank Mortgage Portfolios to Expand 60 Percent Over the Next Two Years
May 17th, 2021 - 11:00 GMT

S&P: Saudi Bank Mortgage Portfolios to Expand 60 Percent Over the Next Two Years

Al Salam Bank Partners With The Ministry Of Housing And Eskan Bank For The Danaat Al Baraka Project
May 16th, 2021 - 11:50 GMT

Al Salam Bank Partners With The Ministry Of Housing And Eskan Bank For The Danaat Al Baraka Project

KPMG Kuwait Launches Advisory Services Targeting E-commerce Companies
May 16th, 2021 - 08:40 GMT

KPMG Kuwait Launches Advisory Services Targeting E-commerce Companies

Bank ABC Announces Q1 2021 Results  With A Return To Net Profit Of $30 Million  Attributable To The Shareholders Of The Parent
May 16th, 2021 - 06:10 GMT

Bank ABC Announces Q1 2021 Results With A Return To Net Profit Of $30 Million Attributable To The Shareholders Of The Parent

Saudi Arabia: Tadawul Leapfrogs 3 Places In Global Exchange Rankings
May 11th, 2021 - 11:00 GMT

Saudi Arabia: Tadawul Leapfrogs 3 Places In Global Exchange Rankings

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