Major banks in the UAE and Saudi Arabia, including the Commercial Bank of Dubai and First Abu Dhabi Bank, reported record profits in the first half of 2023, says a report.

Profit is a 41.5 percent jump compared to H1 2022.

Opening corporate bank accounts to become easier for free zone firms.

Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate in their field but also have leadership qualities.

Ongoing loan restructurings and the gradual withdrawal of pandemic-related support packages may put further pressure on asset quality. However, the Russian-Ukrainian war will have a minimal impact on the operating environment for banks in Saudi Arabia and UAE, they say.

The bank's assets reach a record AED114 billion: CEO

Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to provide RAKEZ clients with quick and convenient access to the bank's products and services. A Memorandum of Understanding (MoU) was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr....

Both will work to support the growing fintech market in UAE.

Twelve banks from the region fully subscribed the transaction in which Ajman Bank also acted as investment agent.