COVID-19: Saudi consumer loans grow 106 times in year
The value of loans taken in Saudi Arabia in the first and second quarters grew 106 times compared to the…
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Banking access: Cryptocurrency promise for UAE's unbanked migrants – but not yet
He dreads the routine, which costs him up to $US7 each time and is keeping him from saving enough to…
NBO and Alshaya partner to give cardholders major discounts
To enhance customer experience, National Bank of Oman, in partnership with Alshaya Group, is offering cardholders exclusive discounts when shopping…
Saudi wealth fund is said to hire ex-HSBC executive as director
Saudi Arabia’s wealth fund appointed Omar Jahidi as its director of investments in the Middle East and North Africa, according…
Egypt: Fawry to acquires Banque Misr’s 15% stake in Fawry Plus
Fawry for Banking and Payment Technology Services will purchase a Banque Misr’s 15% stake in its subsidiary Fawry Plus Banking…
Six trends sweeping through Middle East's insurance industry
Global accounting and consulting giant KPMG has released the latest edition of its ‘Future of Insurance’ report for the Middle…
Cedar Consulting develops balanced scorecard for two banks
A flagship of Cedar Consulting’s proposition is its tried and tested Balanced Scorecard approach for strategic and organisational development. …
Simmons advises on launch of first international Islamic digital bank
Simmons & Simmons’ market leading international fintech team, has advised Boubyan Bank and the Bank of London and The Middle…
Kuwait Finance House Q2 profit more than triples
Kuwait Finance House, a Sharia-compliant bank, said on Tuesday net profit for the second quarter more than tripled due to…
UAE Financial Intelligence Unit in pact with China counterpart
The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and…
Standard Chartered H1 profit surges on strong business momentum
Standard Chartered Bank in Africa and Middle East region reported on Tuesday a 37 per cent year-on-year surge in profit…
Dubai Islamic Bank raises foreign shareholding limit to 40%
Foreign investors can pick up to 40 per cent in Dubai Islamic Bank, which has received clearance from the UAE…