Lebanon's Fransabank says cannot execute cash transactions
Lebanon's Fransabank said on Thursday its branches would remain open but unable to execute cash transactions including at ATMs while…
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Private equity hits record high with buyout deal value reaching $1.1tn in 2021
Private equity hit a record high in 2021 as buyout deal value reached $1.1 trillion, doubling the previous year’s total…
Burgan Bank promotes smarter financial habits through its Personal Finance Manager Tool
Burgan Bank’s Personal Finance Manager tool, available on Burgan App has one of the smart solutions designed to offer customers…
IFC invests $5mln in Egypt fund to support fintech startups
The International Finance Corporation will invest $5 million in Egypt’s venture capital fund Disruptech, to support the development of fintech…
World to miss carbon zero target on current trajectory: BP
The world is set to miss its target of becoming carbon net zero by 2050, according to a new analysis…
SunTec urges UAE and GCC banks to shift towards ‘lifestyle banking’
SunTec, the world’s #1 relationship-based pricing and billing company has urged banks in the UAE and wider GCC region to…
Qatar Central Bank raises Repo Rate by 1.25%
Qatar Central Bank announced yesterday that it has raised the Repo Rate by 25 basis points to 1.25 percent, starting…
Commercial Bank of Dubai the first bank to host its AGM at Expo 2020
Commercial Bank of Dubai has announced that its board of directors and shareholders approved the ordinary and special resolutions during…
Banks in the UAE are already cashing in on DEWA IPO – by lending to potential investors
Banks in the UAE are seeing a rush of interest for loans – and they have the upcoming DEWA IPO…
Fitch rates Kuwait Investment Company 'BB'
Fitch Ratings has assigned Kuwait Investment Company K.S.C.P. (KIC) a Long-Term Issuer Default Rating (IDR) of 'BB'. The Outlook on…
Central Bank raises interest rate on monetary policy instruments by 25 basis points
The Central Bank of Jordan on Thursday decided to increase the interest rate on its various monetary policy instruments by…
Investors pay high price as judges target Lebanese banks
A Lebanese judge has issued a travel ban against Creditbank Chairman Tarek Khalife and frozen the bank’s assets, including properties…