Robust full year performance despite low interest rate environment driven by strong non-interest income, improved cost to income ratio and above-target synergies
Q4/FY 2021 EARNINGS PRESS RELEASE AND MANAGEMENT DISCUSSION & ANALYSIS
Finance
Arab Bank Group reports 61% growth in net profits and 20% cash dividends
Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion.
Abu Dhabi Fund for Development Ongoing Support by Funding Educational Projects Totaling AED2 Billion
During its pioneering 50-year journey, Abu Dhabi Fund for Development has worked to support international efforts aimed at achieving sustainable development in the education sector around the world. To date, it has funded 64 educational development projects that serves the educational sector, with a total of AED2 billion invested across 15 developing countries around the world.
Summary of weekly real estate transactions for the week ending 30 December 2021
The real estate and properties transactions valued at 5.6 billion AED in total during the week ending 30 December 2021. The sum of transactions was 1,392.
Mastercard Installments BNPL program gives consumers in the UAE and Saudi Arabia more payment choices wherever they shop
Mastercard has expanded Mastercard Installments, its unique and innovative Buy Now, Pay Later (BNPL) program that delivers greater choice at checkout, both in-store and online, to consumers in the United Arab Emirates (UAE) and Saudi Arabia. The BNPL program will meet growing consumer demand for flexible, digital-first payment options, and support the region’s e-commerce ecosystem through a new program focused on providing consumers choice.
Summary of weekly real estate transactions for the week ending 14 January 2022
The real estate and properties transactions valued at 4.5 billion AED in total during the week ending 14 January 2022. The sum of transactions was 1,559.
Summary of weekly real estate transactions for the week ending 23 December 2021
The real estate and properties transactions valued at AED 7.4 billion in total during the week ending 23 December 2021. The sum of transactions was 1,685.