09/23/2022
GCC banking profits could near pre-pandemic levels by 2022 finish
“Expected lower oil prices and potential recessions in the US and Europe next year may have knock-on effects for the region and its banks.”
Retail Banking
09/22/2022
EMEA Daily: The Independent Taps Bolt for eCommerce Payments; Noble Raises $18M to Expand, Open US Office
Dubai-based Mindware, a distributor of information technology (IT) products in the Middle East and Africa, has launched a B2B eCommerce website in the United Arab Emirates (UAE) and said it will soon do so in other regional markets.
09/22/2022
SABB joins Arab Monetary Fund’s Buna payment system
Buna now has multiple settlement currencies, including the Emirati dirham, Saudi riyal, US dollar, Jordanian dinar and euro.
09/19/2022
Al Namaa opens investment avenues for ahli Islamic depositors
As per the set protocol, the depositor (Rab-ul-Mal), investing in Al Namaa Savings Account, authorizes the Bank (Mudarib) to invest his/her funds into Sharia-compliant high net worth business avenues
09/19/2022
QNB announces winner of ‘Triple your Salary’ campaign for its First Members
The campaign is part of the Bank’s endeavours to meet all its customers’ needs and enrich their banking experience, with special offers for its First Members.
09/16/2022
Dubai decides to raise Salik IPO size to 24.9% after record retail investor demand
Toll-gate operator's IPO had opened on Sept. 13 and was instantly over-subscribed
09/15/2022
BofA relocating Russian staff to Dubai as Ukraine war drags on
BofA staff is being moved across the different units of the bank.
09/09/2022
Emirates NBD Securities launches end-to-end digital onboarding platform
The improved onboarding process also provides access to other regional exchanges, advanced trading platforms and mobile app
09/07/2022
Emirates Development Bank to Approve New Loans to SMEs, Startups
The lending service will be “available for UAE-based SMEs and startups operating in one of EDB’s five priority sectors – which are manufacturing, healthcare, food security, advanced technology, and infrastructure – and is available
09/07/2022
Doha Bank recognised as ‘Best Bank for CSR in Qatar’ by Euromoney
Alongside these products, the bank has become the leading bank in Qatar and the Middle East for environmental advocacy through numerous CSR initiatives.
09/06/2022
Bank of Israel MPC remains worried by tight jobs market
The hike, which was expected, was the fourth straight increase since April and the biggest in two decades
09/06/2022
Egyptian Cartona plans BNPL service amid expansion plans
Talaat added that the BNPL solutions would contribute from 40 to 45 percent of transactions happening on the platform.
09/06/2022
ila Bank brings home five Global Finance awards
ila Bank stood out for its successful strategy to attract new customers and convert them to use its digital solutions, its breadth of product offerings, superior in-app functionality and evidence of tangible benefits gained from its engaging social media
09/05/2022
Saudi top banks’ quarterly profits rise 2.7% boosted by rate hikes, higher oil prices: Report
“The rising oil output supported by the high crude price along with the benchmark interest rate increase indicate a positive outlook for KSA's banking sector,”
09/02/2022
‘Bank sector largest employer of Kuwait national workforce’
Nat’l employment increased from 34.9 percent to 77.3%
09/02/2022
UAE In Focus — Gross assets of UAE banks reach $939bn by end of June
The report further revealed that the credit to the public sector, private sector, and non-banking financial institutions declined by 0.3 percent, 1.2 percent, and 20.8 percent, respectively.
09/02/2022
Ajman Bank to Launch World’s First Mastercard Touch Card, Driving Inclusion Across UAE
The Ajman Bank Touch Card further offers benefits to suit each cardholder’s unique needs, including cash back benefits of up to 10 per cent that can be selected from across four categories: fuel, online spend, groceries and school fees.
09/02/2022
Bank ABC emerges the Middle East Winner of The Banker Transaction Banking Awards 2022 MORE
Premier international banking award programmes honours Bank ABC for its multi-year digital transformation programme and proactive growth strategy for Transaction Banking to build a client-centric 'bank of the future'.
09/02/2022
Emirates NBD launches mega foreign exchange customer promotion
Cash prizes of AED 1 million each for two lucky winners, and 100 daily and 100 monthly winners
08/31/2022
EBRD provides US$ 127 million loan to Turkey’s Isbank
With this new investment the EUR 350 million financing made available under TurSEFF III programme is now fully subscribed.