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Retail Banking

10/11/2020

The Egyptian Central Bank establishes a company to transfer funds and...

The central bank will contribute to the capital of the new company, with a share of 35%, while banks, Al-Ahly, Egypt and Cairo and others will own the remaining share.

10/09/2020

Barwa Bank rebrands into Dukhan Bank, eyes ambitious business and digital transformation

The rebranding also reflects a shift in the bank's mindset toward product and service innovation

10/09/2020

Oman’s top banks see 34.2% decline in H1 profits: Report

Oman’s banks saw a decline in credit flow, revenue compression and significant increase in non-performing loans

10/09/2020

Developing an educational platform for banking in “Abu Dhabi Global”

“This initiative is of great importance, especially as developing the environment for the banking sector with an advanced approach"

10/07/2020

QIB named ‘Best Bank for SMEs in Qatar’ at Asiamoney Best Bank Awards 2020

In lights of the Covid-19 outbreak, QIB had a proactive response to the economic implications of the crisis on SMEs, and has immediately postponed financial

10/06/2020

Egypt’s banks brace for change

A combination of Gulf banks with deep pockets and changes to Egypt’s banking regulations is spurring hopes

10/06/2020

Emirates NBD launches digital supply chain financing platform

smartSCF platform caters to the growing need for digitisation of supply chain management and financing.

10/06/2020

Emirates Development Bank open to funding non-Emirati owned businesses

For first time, it will consider funding through direct or indirect ways to other business

10/06/2020

NBK Sponsors LOYAC’s “Career Ready” Program

Bin Hussain: NBK is committed to supporting youth especially during this time of uncertainty

10/05/2020

Mashreq and noon.com announce strategic partnership

UAE’s first e-commerce co-branded card Mashreq noon VIP Visa Card will be launched

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.

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.

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