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Executive Moves

Khalid Al-Khudair, secretary-general at Saudi Banks’ media and banking awareness committee

February 12, 2021

Khalid Al-Khudair is the newly appointed secretary-general of the media and banking awareness committee for Saudi Banks.   He has…

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Coronavirus

Turkish private lender Akbank permanently shifts working model

February 12, 2021

The COVID-19 pandemic has reshaped the working styles of companies all over the world. Many of them initially left office…

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FinTech

Commercial Bank enables payment through wearables

February 12, 2021

Commercial Bank, the most leading digital Bank in Qatar, yesterday announced the launch of a new digital feature that enables…

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Comment & Analysis

Qatar's 55% consumers willing to live more sustainably: Report

February 12, 2021

Public awareness concerning the mounting challenges stemming from global warming is reassuringly high in Qatar as the government, organizations, and…

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Comment & Analysis

Julius Baer sees new prospects in Saudi stocks

February 12, 2021

Saudi stocks rose for the fourth consecutive day on Tuesday as the index reached its highest level in three weeks…

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Financial Results

KIB reported KD 64 million operating income for EOY 2020

February 12, 2021

Total Assets upward of KD 2.80 billion Growth of 6% in financing portfolio reaching KD 2 billion Growth in Depositors'…

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New Investment Products & Services

Saudi Central Bank to launch new 24/7 instant payments system

February 12, 2021

The Saudi Central Bank (SAMA) on Thursday announced the launch date for a new electronic instant payments system designed to…

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Executive Moves

Cloud Box Technologies appoints General Manager- Enterprise to oversee growth in MEA

February 12, 2021

Cloud Box Technologies has focused on widening its range of IT service offerings in 2020 and has appointed Sajith Kumar…

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Financial Results

Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion

February 11, 2021

Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations)…

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Hedge Funds & Alternative Investments

Egypt’s central bank issues LE 20B on T-bills Thursday

February 11, 2021

The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 20 billion…

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Comment & Analysis

GCC banks face risk of surge in loan impairments in 2021

February 11, 2021

GCC banks are expected to face continued asset quality risks resulting in higher loan impairments and elevated provisions leading to…

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Financial Results

UAE's Mashreq bank to focus on digital investments

February 11, 2021

Mashreq reported on Wednesday a 14.1 per cent drop in revenue to Dh5.1 billion and a loss of Dh1.3 billion…

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