06/15/2020
Doha Bank CEO underscores role of digitalisation during pandemic
Seetharaman also stressed that there is a need to “work on your revenue model, embrace the knowledge economy, and invest in the future.”
Retail Banking
06/15/2020
International Banker 2020 Middle East & Africa Awards Winners
Moody’s recently affirmed the ratings and assessments of 11 banks in Saudi Arabia.
06/14/2020
Burgan Bank enhances customer experience with electronic virtual assistant "Banki"
Investing in emerging technologies and first-of-its-kind solutions that are transforming the banking sector
06/12/2020
Commercial Bank of Dubai allows foreign ownership of its shares
Foreigners will be allowed to hold up to 40% of CBD stock from June 14 as it looks to widen liquidity pool
06/12/2020
Turkish banks' short-term funding fix poses risks in COVID-19 aftermath
$80 bln in short-term FX debt maturing - Hermes analyst
06/12/2020
Kuwait banks yet to decide on distribution of cash dividends for 2020
The lenders were reacting to a directive from the Kuwait Banking Association on Wednesday to not distribute dividends this year to preserve cash
06/12/2020
Resilience keeps Qatar banks on track for growth
The bank’s aggregated loans and advances reached QR1.16 trillion, growing 23.7 percent considering the three-year period to Q1 2017.
06/11/2020
Jordan Kuwait Bank Adapts to New Normal With Citrix
Financial institution to extend use of remote work solutions across 1,300 employees to maintain operations
06/11/2020
Seven Bahraini firms among top 100 companies in Middle East
Saudi Arabia dominates the list with 33 companies
06/10/2020
BankDhofar shareholders ratify OMR1 million CSR donation for COVID-19
The meeting brought to the attention of shareholders the cash dividend distributed to the shareholders on March 25, 2020
06/09/2020
First Abu Dhabi Bank issues 'green bond' in Hong Kong dollars
UAE mega-bank has been working on its green credentials over last three years
06/09/2020
Shams, Mashreq Bank announce partnership to support SMEs in Sharjah
Mashreq Bank will help SMEs and new entrepreneurs to open business account
06/08/2020
Egyptian state banks collect over $10bn from high-yield savings product
An official at the National Bank of Egypt said it had collected 122 billion pounds, while Banque Misr’s chairman said it had gathered 49 billion pounds, state news agency MENA reported.
06/08/2020
Private deposits in commercial banks rise by 8.8%
The combined money and clearance to the gross deposits was 7.6 per cent.
06/08/2020
Higher provisions led to plunge in top UAE banks' Q1 profit
Lenders safeguard themselves against a looming deterioration in credit quality due to COVID-19
06/05/2020
Saudi banks face tough few quarters but are well capitalised, say CEOs
Banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability
06/05/2020
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil - sources
The bank is now considering issuing the bond soon
06/05/2020
Bahrain’s banking sector posts 1.8% growth
The local banking sector continues to prove strength and resilience
06/04/2020
Bank ABC, BFB team up to accelerate growth of fintech ecosystem in Bahrain
The partners will deploy fintech inclusive solutions specifically for large underserved blue-collar segments and youngsters below the age of 25 in the MENA region.
06/04/2020
UAE banks’ profitability witnessed substantial deterioration in Q1: report
UAE banks’ profitability witnessed substantial