UAE banks plan to launch mobile wallet in 2016
The UAE Banks Federation (UBF) will finalise the Mobile Wallet project and work on reducing the impact of the “de-risking”…
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AUB named among 50 most Secure international banks – Lender ranked 2nd locally, 5th regionally
Ahli United Bank has embodied its leading role in the Islamic banking field both locally and regionally obtaining the second…
Saudi Arabia dominates Islamic banking market by 33 per cent
Saudi Arabia is still dominating global Islamic banking, accounting for 33 per cent of this market, says a report. …
Deloitte's CFO Insights: Are CFO's communicating financial data effectively?
While many finance chiefs recognize the importance of communications, few are effective in communicating with numerous stakeholders inside or outside…
Bahrain Islamic bank appoints a new Head of Human Resources and General Services
Dawood Al Ashhab has joined Bahrain Islamic Bank( BisB ) with a wealth of international banking experience. For the…
Dubai FDI bids to draw investors from Italy, Japan
A delegation from the Dubai Investment Development Agency, or Dubai FDI, recently visited Italy and Japan to address investors and…
UAE to set up Chinese yuan clearing centre
The United Arab Emirates plans to establish a centre for clearing transactions in the yuan, the central bank said on…
Two Saudi millionaires pay blood money to free Filipino
wo Saudi millionaires have reportedly paid SR225,000 in blood money to free a Filipino man who had killed an Indian…
Turkey banks face profit pressure in 2016, head of top lender Isbank says
Volatility in markets and stricter regulations are likely to put pressure on profits and capital adequacy ratios across Turkey’s banking…
Turkish banks fend off cyberattacks, some transactions hit
Turkish banks reported sporadic disruption to credit card transactions on Friday as hackers stepped up a two-week barrage of cyberattacks,…
Demand for Islamic finance gaining ground in Mideast
Islamic finance is gaining popularity in key markets, including the personal loan sector, and there has been a marked increase…
Commercial Bank CSR activities recognised through award
Commercial Bank has announced that it has won the "Best CSR Report", at the Corporate Social Responsibility awards ceremony for…