Saudi bank assets, customer deposits jump despite COVID-19
Trust and confidence in Saudi Arabia’s banks have increased, with total assets and customer deposits rising in recent months despite…
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Saudi Arabia to allow foreigners to invest directly in debt instruments
The market regulator said in a statement that resident and non-resident foreigners will be able to invest in listed and…
Emirates Digital Wallet’s digital cash platform imminent nationwide launch
Emirates Digital Wallet LLC has announced its first major step towards eliminating the use of physical cash, as klip, the…
Natwest Markets, Banco Santander sell Saudi British Bank shares -term sheet
Natwest Markets and Banco Santander are selling around 25 million shares in Saudi British Bank (SABB), or about 1.25% of…
QNB rolls out ‘Awesome Double Rewards’ offer
QNB Group, the largest financial institution in the Middle East and Africa, has launched an exclusive “Awesome Double Rewards” offer…
Boubyan Bank launches the first NFC-enabled vertical metal credit card
Once more, and in collaboration with IDEMIA International, Boubyan Bank reconfirms its leadership in innovative digital payment methods by launching…
To enable trade relations, Israel must first remove UAE banks from its blacklist
Israel's financial team on the delegation that is visiting Abu Dhabi has signed a memorandum of understanding to partner with…
KPMG in Bahrain expands its tax and corporate services
KPMG in Bahrain has announced the appointment of an additional Tax Partner and new experienced resources to broaden the capabilities…
Growing optimism, trust at all-time high in Saudi banks
Growing optimism and an all-time high level of trust emerged the hallmarks in the second quarter of the Saudi banking…
2 Saudi royals, others officials investigated for fraud
Saudi Arabia’s top military commander in its yearslong war in Yemen and his prince son have been removed from their…
UAE makes it mandatory for hawala service providers to register
The UAE has made it mandatory for Hawala service providers in the country to register, as the country strengthens its…
Easing of restrictions to support revival of banking sector in the region: Kamco Invest
The easing of restrictions and the restart of economic activity will support a banking sector revival in the Gulf Cooperation…