Instant transfer between banks 24/7 from Feb. 21
The Saudi Central Bank (SCB) announced on Thursday the launch of the instant payments system effective from Feb. 21, and…
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Khalid Al-Khudair, secretary-general at Saudi Banks’ media and banking awareness committee
Khalid Al-Khudair is the newly appointed secretary-general of the media and banking awareness committee for Saudi Banks. He has…
Turkish private lender Akbank permanently shifts working model
The COVID-19 pandemic has reshaped the working styles of companies all over the world. Many of them initially left office…
Commercial Bank enables payment through wearables
Commercial Bank, the most leading digital Bank in Qatar, yesterday announced the launch of a new digital feature that enables…
Qatar's 55% consumers willing to live more sustainably: Report
Public awareness concerning the mounting challenges stemming from global warming is reassuringly high in Qatar as the government, organizations, and…
Julius Baer sees new prospects in Saudi stocks
Saudi stocks rose for the fourth consecutive day on Tuesday as the index reached its highest level in three weeks…
KIB reported KD 64 million operating income for EOY 2020
Total Assets upward of KD 2.80 billion Growth of 6% in financing portfolio reaching KD 2 billion Growth in Depositors'…
Saudi Central Bank to launch new 24/7 instant payments system
The Saudi Central Bank (SAMA) on Thursday announced the launch date for a new electronic instant payments system designed to…
Cloud Box Technologies appoints General Manager- Enterprise to oversee growth in MEA
Cloud Box Technologies has focused on widening its range of IT service offerings in 2020 and has appointed Sajith Kumar…
Total deposits in Oman's banking sector grow 2.9% to OMR24.3 billion
Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations)…
Egypt’s central bank issues LE 20B on T-bills Thursday
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 20 billion…
GCC banks face risk of surge in loan impairments in 2021
GCC banks are expected to face continued asset quality risks resulting in higher loan impairments and elevated provisions leading to…