Qatar Central Bank maintains current interest rates
Qatar Central Bank (QCB) on Wednesday, July 31, assessed the current monetary requirements of the State of Qatar and decided…
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Finastra and Tech Mahindra sign strategic partnership to accelerate digital transformation for corporate banks
Tech Mahindra has announced a strategic partnership with Finastra, a global provider of financial software applications and marketplaces, to help…
Saudi Arabia’s foreign assets rise 5.5 percent to $467.5 billion in June 2024
Saudi Arabia’s foreign reserve assets increased by 5.5 percent in June 2024, reaching SAR1.754 trillion ($467.5 billion). This compares to…
India and the UAE lead globally in adoption of AI and Gen AI
When it comes to the use of artificial intelligence (AI) in business, India and the UAE take the prize for…
Turks eye property investments abroad as domestic market loses appeal
Traditionally fond of real estate investment, Turks are turning their attention increasingly to buying property abroad in response to surging…
Saudi banks’ money supply increases 9% in June to reach $773bn
Saudi banks’ money supply rose 9 percent in June compared to the same month of 2023 to reach SR2.9 trillion…
Kuwaiti lenders Boubyan Bank and Gulf Bank weigh merger
Kuwaiti lenders Boubyan Bank and Gulf Bank are weighing a merger to create a single Islamic bank with $53 billion…
BankDhofar gets closer to its customers at Sohar with two new branches
Bank Dhofar has opened two branches in Sohar aimed at meeting the needs of both individuals and large corporations. The…
AlShamlan: KFH Achieves Best ESG Risk Rating among Kuwaiti Banks
Kuwait Finance House (KFH) Kuwait’s Chief Executive Officer, Khaled Yousef AlShamlan, emphasized that the bank’s inclusion in the FTSE4Good Index…
The state of Saudi Arabia's economy mid-way 2024
The growth of Saudi Arabia’s economy is expected to accelerate this year, according to a new report from Strategic Gears.…
RAKBANK Income, Profit & Balance sheet growth continues into 2024
The National Bank of Ras Al Khaimah has reported its financial results for the first Half of 2024.– The National…
SAB becomes first bank in KSA to receive local content certificate
Saudi Awwal Bank, one of the leading banks in the Kingdom of Saudi Arabia, has become the first bank in…