National Bank of Oman Earns Fifth Citibank STP Excellence Award
Continuing to set benchmarks in the payments sphere, National Bank of Oman has won Citibank’s Straight Through Processing (STP) Excellence…
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Saudi Financial Sector Sees Remarkable Development
Saudi Finance Minister Mohammed Al-Jadaan said that work was underway to develop the financial sector in order to keep pace…
UAE central bank wins top award
The Central Bank of the UAE has won a top federal entity award for best performance improvement in the sixth…
Islamic banking plays key role in Qatar’s diversification drive
Banks are exploring new ways of delivering banking services to customers with rise in fintech innovations in Qatar. They are…
Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa
The volume of Islamic banking in Egypt amounted to about EGP 429bn in 2021, representing about 5% of the total…
New rules boost Dubai’s international arbitration credentials
The modernisation of arbitration rules for the Dubai International Arbitration Centre can help Dubai become a leading hub for international…
UAE banking sector on path to recovery: S&P Global
Further deterioration of UAE banks' asset-quality indicators will remain contained as the economy improves and corporate activity recovers, said S&P…
UAE Added to Global Watchdog’s ‘Gray List’ Over Dirty Money
The United Arab Emirates has been added to a global watchdog’s list of countries subject to greater oversight for shortcomings…
Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group
Lebanon’s Bank Audi has closed more than 30 accounts belonging to UK nationals or their close relatives since a London…
Impact of Russia – Ukraine conflict on UAE banks will be limited and indirect
The impact of war between Russia and Ukraine is likely to have only limited and or indirect impact on the…
Vesttoo's Continues Global Expansion
Vesttoo has announced the global expansion of its leadership team to include key industry veterans who will manage the company's…
UAE affirms commitment to strengthening anti-money laundering efforts
The Financial Action Task Force has recognised that the United Arab Emirates has made positive progress in its anti-money laundering…