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
Retail Banking
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
10/14/2020
Year's biggest bank merger sealed as Saudi rivals reach US$15b deal
Its US$46 billion market capitalisation nearly matches that of Qatar National Bank QPSC, which is still the Middle East's biggest lender with about US$268 billion of assets.
10/13/2020
Commercial Bank of Dubai hires banks for perpetual bonds
The group of banks includes Citi, Standard Chartered, Barclays, Emirates NBD, First Abu Dhabi Bank, and Nomura
10/13/2020
Fitch Affirms Burgan Bank Turkey at 'B+'; Downgrades Viability Rating to 'b-'
The downgrade of the VR reflects heightened pressures on the bank's performance and asset quality resulting from the coronavirus pandemic.
10/12/2020
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
10/12/2020
Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Tie-up of the two lenders will create the third-largest bank in the Arab world with $223bn in assets