Omani bank Ahli names new chairman, board members
Ahli Bank has elected Hamdan Ali Nasser Al Hinai as its new chairman of the bank during a remote Annual…
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Turkey’s Yapı Kredi bank to impose limit on forex deposit accounts – Reuters
Turkish bank Yapi Kredi will impose a limit on fixed foreign currency deposit accounts and a minimum duration on some…
Bahrain’s banking sector posts 1.8% growth
Bahrain’s banking sector saw positive results in 2019, with an average 1.8 per cent year-on-year real growth in 2019 and…
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
Saudi billionaire Prince Al-Waleed bin Talal has sold his stake in the troubled Fairmont The Norfolk and Fairmont Mara Safari…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia’s banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…
Dubai Chamber launches Banking and Funding Startups series
Keeping in line with its entrepreneurship advocacy efforts, Dubai Startup Hub, an entrepreneurship initiative of Dubai Chamber of Commerce and…
Saudi ministry targets face mask price violations
The Saudi Ministry of Commerce and Investment found 825 price violations on face masks in some retail stores on Thursday,…
MoneyGram partners Al Rajhi Bank in Saudi Arabia
MoneyGram International has announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank…
EBRD announces winners of the 2020 Sustainability Awards
Clients awarded for commitment to environmental and social sustainability 16 clients from 11 countries recognised for excellence Winners demonstrate innovation,…
Abu Dhabi's economic priorities will not be influenced by COVID-19 hit
Getting hit by the COVID-19 outbreak does not mean Abu Dhabi will have to alter its economic and growth priorities,…