10/21/2020
TymeBank, UAE-based payments firm team up to target SMEs
Its partnership with SpaceX will provide satellite-powered Internet connectivity on Azure.
Retail Banking
10/20/2020
Dubai Chamber organises public webinar on effective solutions for late payments to suppliers and subcontractors
Virtual event formed part of a Dubai Chamber Sustainability Network Task force on instigating prompt payment practices
10/20/2020
4th Middle East and Africa Fintech Forum to take place in November 2020
Dubbed as the "Davos of Fintech", the Region's top Fintech conference, held under the patronage of the Central Bank of Bahrain and hosted by Bank ABC, returns on a virtual platform to focus on Banking Beyond Digital
10/20/2020
Growing demand for three, six-month deposits in August
The increased value of these types of term deposits is justified by the fact that they will pay the same returns of one-year deposits
10/20/2020
QIIB bags four awards from REDmoney for successful global issuances
REDmoney emphasised that QIIB’s high rating and its strong financial position qualify it to continue achieving its goals, reaching the target growth rates and expanding in the domestic and foreign market alike.
10/20/2020
GCC payment revenue outlook dim: BCG
BCG's outlook suggests that the GCC's payment revenue pool will expand from $23 billion in 2019 to $24.3 billion in 2024
10/20/2020
Commercial Bank of Dubai to give Rateb customers access to NOW Money
New partnership extends financial services for low income employees including remittance services, payroll options with communications in nine languages on the app
10/20/2020
Dubai's biggest bank sees 55% profits slump amid coronavirus crisis
Emirates NBD more than doubled the amount of money set aside in provisions during the coronavirus pandemic
10/19/2020
QIB CEO honoured for 'Best Bank CEO Response to Covid-19 in Qatar' QIB named 'Best Managed Bank' during pandemic
The recognition follows QIB's outstanding response to the Covid-19 pandemic delivered through the guidance of QIB's board of directors and Gamal's leadership in navigating the bank to deliver the safest, most trusted
10/19/2020
Banks need to revamp cross-border business amid rising competition: BCG
Many banks have introduced SWIFT gpi to improve the speed and tracking of international payments.
10/16/2020
Burgan Bank Sponsors the Mental Health Initiative ‘Their Life Is Valuable’
The Public Authority for Disability Affairs continue to receive several cases through the dedicated platform that was designated for the initiative.
10/16/2020
Personal financing Arab National Bank for Saudis, residents and retirees, with...
One of these financing solutions is personal financing, which can be identified through the number of the Arab Bank for Finance. , And also knowledge Deferred loan from Al-Rajhi Bank.
10/16/2020
“First Abu Dhabi” launches the first digital marketplace in the region...
This comes in response to the need to quickly adapt to the trend of online shopping.
10/15/2020
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
"Our official stance on this remains the same as our official statement published on ADX in April 2019," FAB said in an emailed response
10/15/2020
QIB posts nine-month net profit of QR2.22bn
Total operating expenses for the nine months’ period ended September 30 decreased to QR821.9mn from QR827.8mn for the same period in 2019.
10/15/2020
Major Gulf markets dip as financials decline
The United Arab Emirates' largest lender on Wednesday denied a local news report that said it was in merger talks with Abu Dhabi Islamic Bank ADIB.AD.
10/14/2020
Bahrain Development Bank selects TCS BaNCS Global Banking platform
The solution will also assist the Bank in launching new products, speed up innovation and develop enhanced superior experiences for its customers.
10/14/2020
National Bank of Bahrain transforms its treasury operations with Fusion Kondor
Through its Digital Transformation initiative, National Bank of Bahrain aims to enable higher levels of automation to improve operational efficiency and extend its offering with innovative products.
10/14/2020
Emirates NBD Asset Management launches Signature Multi-Asset Funds
This sophisticated approach, constantly monitored, balanced and adjusted to market conditions, will be accessible to a wide audience, with a low minimum investment of USD 1,000 and daily liquidity.
10/14/2020
GCC banking sector faces prolonged slump in profits
Banks’ loan growth slowed in first-half 2020 to an annualized rate of 6.6 per cent