03/12/2020
NBI upgrades its digital capabilities with Backbase’s banking platform
The project consisted of 4 separate tracks that went live in a year and, the implementation partner is Bring Global.
Retail Banking
03/12/2020
Bahrain Islamic Bank installs self-service kiosks
The kiosks are aimed to reduce queuing times across branches
03/11/2020
ADCB's new platform aims to help businesses expand worldwide
It will provide members with market information on more than 180 countries
03/11/2020
Emirates NBD holds its 13th General Assembly Meeting
Approves cash dividend of 40 per cent
03/11/2020
Emirates NBD approves cash dividend of 40%
Emirates NBD is looking forward to showcasing its many innovations in smart technology and digital banking during 2020
03/11/2020
ADCB launches digital platform to help UAE businesses
The digital platform offers market insight and companies can seek advice on financial products that would suit their needs
03/11/2020
Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y
The Bank’s strong results affirm the success of NBK Group’s regional expansion strategy that is built on a culture of prudence and strict risk management practices.”
03/10/2020
Ahli United Bank introduces lending product for SMEs
The bank is expecting that the service will help its partners towards greater growth
03/10/2020
Saudi banks’ net foreign assets down 51% in January
The value of foreign liabilities owed by Saudi banks rose by 68.8% to SAR 183.67 billion in January, compared to SAR 108.8 billion in the corresponding month in 2019.
03/06/2020
Robust economic growth to support Kuwaiti banks, says Moody's
Lending to single borrowers and volatile real-estate sector pose substantial risks
03/06/2020
Dubai Islamic Bank shareholders approve Noor Bank acquisition
The deal comes after a wave of mergers in the UAE’s banking sector on the back of tougher competition and regulation, coupled with a slowing economy and a slide in house prices.
03/06/2020
Path Solutions, Kuwait-based company launches its digital banking suite
The digital revolution is impacting every part of our lives; banking is becoming a competitive battlefield where only the most efficient, adaptive, and inventive survives.
03/05/2020
Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative
Late last month, the UAE central bank urged banks to reschedule loans and reduce fees
03/04/2020
Abu Dhabi-based banks report Dhs40.3bn net income in 2019
Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank
03/03/2020
Abu Dhabi's FAB launches new payment service for merchants
Merchants can connect to the platform through a single API-driven integration
03/02/2020
Family Bank in Bahrain opens Seef headquarters
The establishment of the Family Bank as a first social bank in Bahrain in 2010 aimed to boost the social security network
03/02/2020
Standard Chartered sees 2019 MENA profits up 29%, warns of impact or coronavirus
British bank generates 68% if its revenue from Asia, particularly China
03/02/2020
Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform
The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes
03/02/2020
UBF to promote transformation, growth of UAE banking sector
The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies
02/27/2020
UAE banks invested Dhs141bn in Q4 2019 across the GCC
Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment