National Bank of Bahrain Wins Middle East’s Best Bank Transformation Award
The Euromoney Awards for Excellence 2020, which is the world’s global financial sector’s most esteemed accolades, recently awarded a bank…
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UAE central bank temporarily relaxes rules on liquidity, funding for banks
The United Arab Emirates' central bank said on Saturday it was temporarily relaxing two key requirements to improve liquidity and…
UAE's courier market set to grow by 7.5% annually
The outlook for the UAE’s Courier, Express and Parcel Market is bright due to strong demand generated in the wake…
Philippines open to Qatar investments in digital banking, says central bank official
The Philippines' central bank or the Bangko Sentral ng Pilipinas (BSP) is open to potential investments from Qatar in the…
Mideast M&A deals decline in H1
Overall Middle East merger and acquisition deal values and volumes dropped year-on-year by around 58 per cent and 26 per…
Fewer UAE residents, businesses avail loans amid COVID-19; lenders tighten norms
Fewer businesses and private individuals in the UAE have applied for loans during the second quarter of the year, as…
COVID-19 impact: UAE’s credit demand takes a hit in second quarter of 2020
The UAE banks witnessed a decline in credit appetite both for business and personal loans during the second quarter of…
Qatar raises QR94mn for Lebanon
The ‘Lebanon in Our Hearts’ fundraising campaign raised over QR94mn until late last night as Qatari citizens and organisations continued…
Saudi Aramco's Profit Plunges 73.4%, Deepening Budget Crisis
Saudi state oil group Aramco (2222.SE) on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than…
Lebanon Central Bank tells banks to give loans to those affected by Beirut explosion
Lebanon Central Bank has told banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and…
Bahrain's Sukuk Al Ijara oversubscribed
The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al…
All bets are off: Virus hits Iraq’s currency trade
In Iraq’s Kurdistan region, trading US dollars for rials from Iran was once big business. But the money exchange…