Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank
Tareq Al-Sadhan has been president and CEO of Riyad Bank since April 2019. Before that, he served as the bank’s…
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Open banking can transform payments scene in Saudi Arabia
With open banking going into effect next year in Saudi Arabia, incumbent banks may lose their tight control of customer…
Cash in circulation outside UAE banks rises by $4.4bln in 2020
The volume of cash circulating outside the UAE banks increased by AED 16.5 billion in 2020, bringing the cumulative balance…
Dar Al Takaful repays $27.2mln Emirates NBD financing ahead of schedule
Dubai’s Dar Al Takaful has repaid 100 million UAE dirhams ($27.2 million) of acquisition financing to Emirates NBD Bank, despite…
UAE wealth firm unveils female-only adviser division
Advice company Finsbury Associates has launched a division which aims to support and empower women with financial planning. Unity…
Emirati property investment firm unveils 12-year visa
UAE-based real estate investment company Al Hamra has rolled out its ‘Live & Work’ initiative in the emirate of Ras…
GCC reforms remain on track despite pandemic, economists say
The coronavirus pandemic has highlighted the economic challenges facing nations in the Gulf region but has not changed the direction…
Finablr owners set for merger with Bahrain payments firm
`Prism Group and Abu Dhabi’s Royal Strategic Partners formed a consortium in December 2020 and agreed to buy the assets…
The 10th annual Middle East Banking Innovation Summit returns next week
The Annual Middle East Banking Innovation Summit next week will showcase the latest advancements in fintech with a particular focus…
Oman SME registrations surge 14.4% in 12 months
The total number of Small and Medium Enterprises registered in Oman’s Authority for Small and Medium Enterprises Development till the…
Sohar Islamic completes issuance of Takaful Oman's perpetual sukuk
Reiterating its strong market position and investor confidence, Sohar Islamic – Sohar International’s Islamic Window, has completed the issuance of…
NCB and Mastercard Launch Best-in-Class Credit Card for Corporates in Saudi Arabia
Mastercard and the National Commercial Bank has launched a new corporate credit card offering NCB corporate and MSMEs clients a…