Gold price soars in Egypt as local currency weakens
The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency…
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Banque Misr sees 1567% surge in daily USD withdrawals abroad
Daily withdrawals from branches of Banque Misr abroad reached an average between $570,000 and $600,000, Hapi Journal reported on December…
Last chance for registration in award winning 'Tamakan' training program supported by NBK
For the fourth year in a row, National Bank of Kuwait (NBK) sponsors “TAMAKAN” training program for fresh Kuwaiti graduates,…
PwC Middle East identifies top trends driving the region’s banking ecosystem
PwC Middle East hosted its inaugural Financial Services Horizons - Annual GCC Leadership Meet featuring guest speaker Brett King –…
AFS and ZENJEX partner to boost payments offering to Bahrain’s unbanked
Arab Financial Services has signed an agreement with Zenj Exchange (ZENJEX), that will enhance AFS’s Wage Protection Scheme (WPS) with…
CBE warns of misuse of bank cards, fraud to obtain foreign exchange without need for it
The Central Bank of Egypt announced on Thursday that banks must notify customers by any means of communication that it…
Burgan Bank Assigns the responsibility of managing the Financial Institutions Department to Mr. Mohammed Najeeb Al-Zanki
Burgan Bank announced the assignment of Mr. Mohammed Najeeb Al-Zanki the responsibility of managing the Financial Institutions Department, following the…
International gangs, apps hit Kuwait – Bank accounts targeted
After the Public Prosecution rang alarm bells about electronic fraud, announcing that it had received 300 complaints from the victims,…
Israel awards license to new digital bank
Israel's banking regulator on Sunday approved the establishment of a new digital bank, Esh Bank Israel, in a rare move…
Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank
founder of cybersecurity giant Palo Alto Networks. (Courtesy/Bank of Israel) Israel’s central bank on Sunday granted a conditional license…
UAE fines six companies $871,000 for breaking anti-money laundering law
The UAE has fined six companies Dh3.2 million ($871,000) for breaching provisions of the Anti-Money Laundering and Counter Terrorism Financing…
UAE Central Bank issues new anti-money laundering guidelines for insurance sector
The UAE Central Bank has issued new guidelines for the licensed financial institutions operating in the insurance sector as it…