Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was set to…
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Turkey to end FX-protected lira deposits next year
The Turkish central bank plans to end the forex-protected lira deposits (KKM) scheme in 2025 after its balance fell to…
Omantel and Bank Dhofar: A strategic partnership to drive digital transformation and address key banking challenges
The banking sector today faces unprecedented challenges amidst rapid digital transformations and increasing customer demands. From the need to enhance…
Weyay Bank launches “AFAQ” for Instant Bank transfers between GCC countries at cost-efficient rates
In a new step to enhance its financial services and expand its regional scope, Weyay Bank announces the launch of…
Bank of London and The Middle East plc
Bank of London and The Middle East plc (BLME)’s Issuer Default Ratings (IDRs) reflect potential support from its parent, Kuwait’s…
NBK introduces ‘AFAQ’ – GCC’s unified payment system on mobile banking
Al-Mutawaa: We strive to keep pace with customers’ evolving needs and growing expectations - The system facilitates fast processing…
Bank of Sharjah appoints new Chief Operating Officer
Bank of Sharjah has announced the appointment of Mr. Sridhar Karlapudi as its new Chief Operating Officer. Commenting on…
Saudi banks report 24pc profit growth
According to the Saudi Central Bank, also known as SAMA, these figures represent profits before zakat and taxes. Cumulatively,…
GCC debt capital market reaches $1tn in November: Fitch Ratings
GCC debt capital market reached $1tn in November, Fitch Ratings said and noted it expects the GCC to remain among…
Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects
Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and QNB AlAhli—have extended joint financing worth EGP 4.235bn…
Season's Greetings from Managers of Wealth
We wish you all a very Happy Holiday season and a peaceful prosperous New Year ahead. Thank you for all…
EdfaPay obtaines the technical license as a soft-POS technology provider from SAMA
EdfaPay has announced the obtaining of a technical license as a Mobile Point-of-Sale (Soft-POS) technology provider from the Saudi Central…