
Ajman Bank Wins MEA Finance Banking Technology Awards 2025 for Outstanding Innovation and Digital Excellence in Islamic Banking
This accolade further cements Ajman Bank's standing as a digitally agile Islamic bank. The bank's achievements include the successful launch of digital-first services such as instant account opening, fully digital credit card issuance, and collaborations with global fintech and payment platforms. These efforts support the Bank's strategic objectives around financial inclusion, sustainable growth, and the Ajman Vision 2030.
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Al Bawaba
2 hours ago
- Al Bawaba
CBI reports pre-tax net profit of AED 93m in H1'25, up 4% Year-on-Year and AED 48m for Q2'25
Commercial Bank International PJSC ('CBI' or 'the Bank') (ADX Symbol: CBI; ISIN: AEC000101019), a leading UAE bank, has today announced its financial results for the first half of 2025. Key Financial Highlights H1 2025:• Pre-tax net profit increased by 4% YoY from AED 90 million in H1-24 to AED 93 million in H1-25. The Bank reported pre-tax net profit of AED 48 million for Q2-25• Operating profit increased by 134% YoY from AED 68 million in H1-24 to AED 158 million in H1-25 aided by gains on non-core asset disposals and by 34% in Q2-25 YoY from AED 33 million to AED 45 million• Net loans and advances grew by 3% from AED 12.5 billion as at Jun'24 to AED 12.9 billion as at Jun'25• Customer deposits grew by 7% from AED 14.2 billion as at Jun'24 to AED 15.2 billion as at Jun'25. Deposits mix improved favourably during H1'25 with the CASA ratio improving 6% YoY enabling CBI to maintain an optimal funding structure• Capital adequacy ratio improved from 15.3% as at Jun'24 to 17.6% as at Jun'25, driven by an improvement in the equity positionAli Sultan Rakkad Al Amri, CEO of Commercial Bank International, commented: 'Our H1 2025 results, underpinned by steady performance and profitability, demonstrate clear progress in our ongoing strategic transformation and strong momentum across our core business areas.'He added: 'The numbers also reflect the strength of the customer relationships we are building across the UAE. At CBI, we remain relationship-driven, committed to building lasting customer relationships and delivering a banking experience that is tailored, relevant and responsive. We will carry on actively enhancing our service offerings, providing refined solutions that align with the needs of individuals and businesses across the UAE. As we look to the future, we will continue to build with agility, innovation and valued-led partnerships.' Amid global market changes and regional shifts, CBI's performance is indicative of a disciplined approach to growth – measured, sustainable and grounded in deep market understanding and customer insight. With a stable foundation and sharp strategic direction, CBI is well positioned to support long-term growth, delivering value to both its customers and stakeholders. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.


Al Bawaba
19 hours ago
- Al Bawaba
Marathon Des Sables confirms Jordan as the 2025 venue for the fifth year in a row
In a major announcement for Jordan's tourism sector, Minister of Tourism and Antiquities, Lina Annab, and CEO of the Global Marathon Des Sables (MDS), Cyrilie Gauthier, held a press conference in Amman to officially launch the fifth international edition of the Marathon des Sables, scheduled to take place in Wadi Rum from November 1 to 8, desert ultramarathon, organized by the Jordan Tourism Board (JTB) and Experience Jordan Adventures, is one of the world's most challenging endurance races, that brings together about 650 runners from across the European Union and beyond. The growth of this global event in Jordan has been a testament to the country's ideal setting and this year the event is expected to be the largest Annab said, 'Hosting the Marathon des Sables in Jordan for the fifth year in a row firmly cements our country's position as a premium adventure travel destination. Over the past decade, Jordan has made significant strides in shaping its adventure tourism landscape, investing in trails, infrastructure, and authentic experiences that connect visitors with our nature, culture, and heritage. From the world-renowned Jordan Trail, which spans more than 650 kilometers through diverse terrains and communities, to this iconic race set against the magnificent backdrop of Wadi Rum, Jordan continues to spotlight the richness and variety of its outdoor offerings.'Minister Annab concluded by extending her 'gratitude to the organizers of the Marathon des Sables, and to all the extraordinary runners joining us from around the world. We look forward to welcoming them this November and wish each participant the very best of luck on this extraordinary journey.'The CEO of MDS stated, "MDS Jordan has become the crown jewel of our global series. Its extraordinary landscapes, unmatched hospitality, and the emotional connection it creates with runners from around the world have set a new benchmark for what adventure racing can be. But this is only the beginning. We believe this is the right country to grow, innovate, and build a long-term vision where sport, culture, and tourism intersect in a powerful way. Jordan has all the ingredients to become a global hub for our endurance events, and we are proud to be part of that journey."Managing Director of the Jordan Tourism Board, Dr. Abdelrazzak Arabiyat, stated: "We at the Jordan Tourism Board are proud to support world-class events like the Marathon des Sables. This event not only highlights Jordan's stunning landscapes, but also reflects our ongoing efforts to position the Kingdom as a leading destination for adventure tourism. Through such events, we welcome responsible travelers who are seeking authentic connections with nature, culture, and history. Events like this help visitors discover the true spirit of Jordan and the richness that makes our country truly unique.'Commenting on the occasion, CEO of Experience Jordan Adventures, Ayman Abd-AlKareem, said, "As the official local partner, Experience Jordan Adventures is proud to continue hosting this iconic race, which brings together hundreds of international runners in a celebration of endurance, connection, and discovery." He stressed the team's commitment to sustainability and community partnership in Wadi Rum, expressing gratitude for the ongoing support of the Ministry of Tourism, Aqaba Special Economic Zone Authority (ASEZA), and the Jordan Tourism Board in strengthening Jordan's position as a leading adventure travel destination. As a host of the Marathon des Sables, Jordan marks a milestone in its emergence as a leading destination for international sporting and adventure tourism. More than just a race, it offers a transformative experience that blends endurance, culture, and exploration against the breathtaking backdrop of Wadi Rum's desert landscapes. As global interest in adventure travel continues to rise, MDS Jordan positions the country at the forefront of this growing sector, attracting high-value international visitors and supporting the national tourism strategy by showcasing Jordan's natural beauty, heritage, and hospitality on the world stage.


Al Bawaba
20 hours ago
- Al Bawaba
Al Masaood Automobiles Nissan Offers Summer-Ready AC Service to Keep Drivers Cool and Confident
As temperatures soar and summer peaks across the UAE, Al Masaood Automobiles, the authorised distributor of Nissan in Abu Dhabi, Al Ain, and Al Dhafra region, is helping customers beat the heat. Its newly launched Summer AC Service Campaign offers a complimentary air conditioning system inspection carried out by Nissan-certified technicians, along with up to 35% off genuine AC parts and up to 20% off labour charges on AC-related repairs. Available for a limited time, the campaign is designed to ensure Nissan vehicles remain safe, comfortable, and road-ready throughout the hottest months of the year. These services are now available across all Al Masaood Automobiles Nissan service centres. By combining expert care with genuine Nissan parts, the campaign delivers both immediate comfort and long-term peace of mind, reinforcing Al Masaood Automobiles' commitment to customer satisfaction and quality service. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.