Egypt- AMF prepares launch of international immediate payment service
The Arab Monetary Fund is preparing to launch an international immediate payment service, as part of its cooperation with central…
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NCB-Samba merger to create national champion in banking
The trend toward consolidation in Saudi Arabia’s banking system appears irresistible, whatever the post-pandemic future brings. That is a good…
COVID-19: Corruption prevails as Kuwait fights pandemic
“We would have shut our eyes to an unwarranted smile on the face of our Prime Minister, had we not…
NRBC Bank removes Shahid from board
NRB Commercial Bank has removed its vice-chairman Shahid Islam MP, now detained in Kuwait on charge of money laundering, from…
Japan's SMFG brokerage arm to set up office in Abu Dhabi
The brokerage arm of Japan's Sumitomo Mitsui Financial Group (SMFG) 8316.T plans to set up an office in Abu Dhabi…
Burgan Bank launches its WhatsApp service
Kuwait City-based Burgan Bank has recently launched its new WhatsApp business service on 1804080 in collaboration with Infobip to address…
QNB launches new contactless campaign for Mastercard cardholders
QNB Group has launched an exclusive marketing program that offers QNB Mastercard cardholders the opportunity to win valuable daily prizes…
APICORP issues $750mln five-year bond
The Arab Petroleum Investments Corporation has issued a $750 million five-year bond. The issuance is part of APICORP’s $3…
Lebanon team of IMF negotiators loses another key official
A key member of the Lebanese government team negotiating a bailout from the International Monetary Fund resigned yesterday, the second…
Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…
Qatar participates in 20th meeting of GCC Committee of Capital Markets Authorities
The State of Qatar participated in the 20th meeting of the GCC Committee of Heads of Capital Markets Authorities originating…
Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG
The financial year 2019-2020 has been a “challenging” one for banks operating in Qatar, KPMG said and noted the “overall…