Turkey’s banking field registers USD5.8b of net profit
According to the Turkish banking regulator announcement on Wednesday, the country’s banking field recorded a 75.3 billion Turkish liras (USD5.8…
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Suez Canal to establish sovereign wealth fund
The Suez Canal Authority (SCA), the government body that operates the Suez Canal, plans to establish its own sovereign wealth…
Saudi Central Bank approves Gulf Union Al Ahlia's capital raise to $122mln
The Saudi Central Bank (SAMA) has approved the capital increase of Gulf Union Al Ahlia Cooperative Insurance to SAR 458.9…
Egypt to join BRICS New Development Bank
The BRICS New Development Bank (NDB) announced Wednesday that it will add Egypt as its new member. "We are…
Garanti BBVA interacts with more than 650,000 customers a month with its smart assistant Ugi
Digitization in the banking sector is increasingly taking on different dimensions. Virtual assistants and chatbots have come to life with…
ahlibank's 'Al Nukhba' account enhances its premium banking portfolio
In a bid to deliver more innovative and value-added services to its premium customers, ahlibank offers ‘Al Nukhba’ banking account,…
Dubai unifies all government health insurance systems; announces new benefits
Dubai has unified all government health insurance systems under one umbrella called ‘Enaya’. The move covers all government insurance…
Saudi banks’ credit to the private sector goes up by $3.4bln
Saudi commercial banks’ credit to the private sector rose by SR12.7 billion ($3.4 billion) in November when compared to the…
Qatar exchange houses' foreign currency purchase, sale moderates in 2020: QCB
Purchase and sale of foreign currencies by Qatar’s exchange houses further moderated during 2020, Qatar Central Bank said and noted…
Warba Bank lists $250m sukuk on Nasdaq Dubai
Kuwait’s Warba Bank rang the market-opening bell to celebrate the listing of its $250m perpetual Tier-1 sukuk on Nasdaq Dubai…
NBB wins major global awards
The National Bank of Bahrain (NBB) has won the Global Brand Awards 2021 for the ‘Best Corporate Banking Brand –…
Binance Gets To Be The First-ever Crypto Regulator In The Middle East North Africa
The world’s biggest crypto exchange, Binance, continues to take a massive leap with its expansion across the globe as a…