First Abu Dhabi Bank tests 24/7 cross-border payments with Citi
First Abu Dhabi Bank has completed live US dollar transactions with Citi using tokenised bank deposits, as banks test technology…
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Standard Chartered becomes first Global Systemically Important Bank (G-SIB) to launch Institutional Bitcoin and Ether spot trading in the UAE
Standard Chartered has announced the expansion of its institutional Bitcoin (BTC/USD) and Ether (ETH/USD) spot trading in the UAE through…
Kuwait tightens anti-money laundering rules for gold, real estate sectors
Kuwait has introduced stricter anti-money laundering and counter-terrorism financing rules for gold and precious metals traders and the real estate…
Roland Berger: Gulf banks reduce bad loans, but underlying credit risks remain
Banks across the GCC have significantly reduced their non-performing loan ratios over the past five years. However, a new…
Vision Bank launches SME financing to support cross-border trade
Vision Bank, the Abu Dhabi Global Markets (ADGM)-headquartered Islamic bank founded and wholly owned by GII Group, has announced the…
Bahrain Bourse concludes the first edition of its graduate training program "Emerging Talents"
Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, hosted an awards ceremony to conclude the…
Saudi banking assets climb to $1.5tn as lending expands
Saudi Arabia’s banking sector continued to grow in July, with total assets reaching SR5.75 trillion ($1.5 trillion), according to the…
Middle East tensions and rate uncertainty keep lid on housing market
“According to Nationwide, UK house prices rose marginally by 0.2% in August, while annual growth increased to 1.6%, taking the…
Sohar International and National Bank of Oman jointly leads $720mln refinancing facility for Phoenix Power
Reinforcing its commitment to supporting Oman’s strategic infrastructure and economic development priorities, Sohar International and National Bank of Oman (NBO),…
Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger, Collaborating with FAB and OCBC to Redefine Always-On Global Payments
Citi, First Abu Dhabi Bank (FAB) and Oversea-Chinese Banking Corporation (OCBC) are the first to conduct live transactions in USD…
Lesha Bank completes acquisition of equity interests in diversified aviation portfolio
Lesha Bank LLC (Public) ("Lesha Bank" or the "Bank"), through its Lesha Aviation Fund, has successfully completed the acquisition of…
ANB plans USD-denominated AT1 Sukuk
Arab National Bank (ANB) plans to issue US dollar-denominated Additional Tier 1 (AT1) capital sukuk under its international AT1 capital…