Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain’s Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank’s Egyptian subsidiary, pitting it against…
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UAE rolls out new system to monitor and curb financial crimes
The UAE rolled out a new smart system named ‘Fawri Tick’ to monitor and curb terrorism financing in the country,…
UAE fund invests in Israeli fintech firm that offers loans to SMEs, freelancers
New York-headquartered Salaryo, a fintech start-up that provides financing for small business and freelancers, has raised $5.8 million in a…
Israel's Bank Hapoalim to Forge Ties With UAE Banks After Normalization Accord Signed
Israel's largest lender Bank Hapoalim expects to start working with banks in the United Arab Emirates once the two Middle…
Etihad offers free COVID-19 insurance for its passengers
The insurance cover for travelers aboard the Abu Dhabi-based carrier’s flights took effect Sept. 7 and will last until the…
Dubai International Financial Centre to attract more firms through Expanded Prescribed Company Regime
Dubai International Financial Centre (DIFC) has expanded the applicant criteria for its successful Prescribed Companies regime. The expanded Prescribed…
Fitch Downgrades Arab Banking Corporation to 'BB+'; Outlook Negative
Fitch Ratings has downgraded Arab Banking Corporation B.S.C.'s (ABC) Long-Term Issuer Default Rating (IDR) to 'BB+' from 'BBB-' and its…
STS provides Jordan Kuwait Bank with Dell EMC integrated infrastructure solutions
Specialized Technical Services has announced the implementation of an infrastructure expansion project for Jordan Kuwait Bank. In this project,…
Markaz: COVID-19 takes a toll on Kuwait banking driven by macro uncertainties and lower asset quality
A new report recently released by Kuwait Financial Centre “Markaz” has stated that Kuwait’s banking system would continue to face…
Funding boost for Turkish businesses as EBRD lends to Isbank
Loan of US$ 54 million to boost bank lending to Turkish businesses amid volatility Greater access to finance helps companies…
Egypt to establish $2bn investment fund for financial services, digital transformation
The Egyptian government has announced plans to establish a $2 billion investment fund to help boost the non-banking financial services…
Central Bank of Egypt: Inflation continues to decline
Central Bank of Egypt Governor Tarek Amer affirmed in a meeting with Egyptian Prime Minister Moustafa Madbouly that the country…