10/05/2020
UAE bank assets rise 4% to 2.8 trillion dirhams
Total credit from national banks grew by 0.7% on a monthly basis, and 2.5% since the beginning of the year, to reach 1.61 trillion dirhams by the end of last July.
Retail Banking
10/05/2020
Africa Reinsurance Corporation (Africa Re) Group Selects DIFC For Middle East Expansion
The business will operate as Africa Re Underwriting Agency Limited (Africa Re) and the DIFC presence is their first office outside Africa.
10/05/2020
Emirates NBD Corporate & Institutional Banking launches digital Supply Chain Financing platform
Enables corporate clients to optimise working capital and support suppliers with liquidity
10/05/2020
Jordan Ahli Bank issues its third Sustainability Report
The report highlights the direct activities and operations in various economic, environmental and social fields during 2019.
10/02/2020
MENA Region Holds Regulatory Clues For Merchants
Questions regarding data privacy regulations are expanding in scope and scale as regulators take careful note of consumers’ concerns.”
10/01/2020
Egypt loans national carrier EgyptAir $191m to finance external debt
It is unclear how much the airline is seeking but the impact of the pandemic has dramatically impacted its activities and revenues.
09/30/2020
Banque Misr, a Major Egyptian Commercial Bank, to Launch Standalone Digital Banking Platform in 2021
The upcoming launch of the virtual bank also marks an important move by Banque Misr as it plans to maintain its significant share of Egypt’s banking sector.
09/30/2020
First Abu Dhabi Bank and Egypt Post launch services drive
The First Abu Dhabi Bank is the largest bank in the United Arab Emirates
09/29/2020
Abu Dhabi Commercial Bank to exit operations in China
The decision was part of ADCB's objective to focus its operations on the local market
09/29/2020
QIIB becomes first Islamic bank in Qatar to launch card for domestic work
The cardholder can also use it to pay for utility bills, make online purchases and transfer money to their home country with the greatest of ease.
09/29/2020
Reg BI and Beyond: Your September Update
In the UAE 73 per cent expressed their readiness for online shopping.
09/29/2020
Open Banking set to transform finance in the GCC
Gulf Business talks to Wissam Khoury, Head of International at Finastra, on the state of Open Banking in the GCC
09/28/2020
UAE national banks’ total assets reached Dhs2.8 trillion in July
The share of national banks of the total assets of the sector stood at around 87.5 per cent.
09/28/2020
Why GCC banks and fintech startups must realign their interests for greater good
Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services
09/28/2020
Korean Banks Feared to Lose Money as UAE Firm Goes Bust
The company plans to repay its debts and rebuild its business within three years, It has formed an investigation team to look into the scandal.
09/28/2020
Customers lead the digital banking transformation
How banks must create the products their customers need to stay relevant
09/23/2020
Network Int'l renews shared services agreement with Emirates NBD
Emirates NBD continues to be a shareholder in Network International following the payment company's landmark $1.4 billion listing on the London Stock Exchange in April 2019
09/23/2020
Banks cannot charge fees on loan deferral says Central Bank of Bahrain
This comes a day after banks had agreed to waive loan instalments from September until the end of the current year
09/22/2020
BAB confirms banks' readiness to defer loan installments
It should be noted that the period of repayment of the loan or financing would increase relatively to maintain the amount of the installment unchanged, as the banks will inform their customers.
09/20/2020
Middle East SWF’s in talks to buy stake in Reliance Retail
RRVL seeks to offload up to a 15 per cent stake to private equity players and strategic investors to raise Rs. 800 billion, while reserving the largest allocation of 40 per cent for Amazon.