Jordan’s major bank data stolen, claim hackers
A major bank in Jordan has allegedly been hit by a ransomware attack. Hackers are threatening to release confidential data…
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NBK-Egypt sees 58% higher profits in Q1-25
Egypt (NBK-Egypt) registered net profits valued at EGP 2 billion (KWD 12.60 million) in the first quarter (Q1) of 2025,…
UAE Central Bank orders halt to minimum balance hike
In a major new development, the Central Bank of the UAE on Tuesday instructed all banks operating in the country…
GCC banks post record profits
Banks from the Gulf countries posted a record net profit of USD 15.6 billion in the first quarter of this…
Iran, Oman explore ways to develop banking cooperation
Mohammad-Reza Farzin, Governor of the Central Bank of Iran and Qais Mohammed Al Yousef, Omani Minister of Commerce, Industry and…
IMF completes fifth review of Egypt's $8 billion rescue program
Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen…
QIC launches new personal cyber insurance coverage
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance,…
Investcorp announces sale of Citykart to TPG NewQuest and A91 Partners
Investcorp has announced the sale of its entire stake in Citykart, one of India’s fastest-growing value retailers focused on Tier-2…
NBK-Egypt reports EGP 2bln (Equivalent to KWD 12.6mln) net profit in 1Q2025
Al-Bahar: The robust growth underscores the bank’s strong financial standing and the agility of its business model across diverse…
Paytm Appoints Ramana Kumar as CEO for Middle East Business
Paytm (One97 Communications Limited), India’s leading payments and financial services distribution company and pioneer of mobile payments, QR codes and…
16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA
Sixteen companies have obtained financial technology (FinTech) licences from Egypt’s Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts…
Mastercard opens cyber resilience centre in Saudi Arabia
Mastercard has launched its Cyber Resilience Center, an initiative that brings together key players from the financial sector to foster…