Retail Banking

Financial Results

Qatar banks post 24.51% year-on-year rise in provisions in February: QCB

April 25, 2022

The provisions towards expected credit loss grew slower (year-on-year) than the total provisions in Qatar's commercial lenders in February, according…

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Regulation, Risk & Compliance

Arab Monetary Fund signs MoU with African Export-Import Bank

April 22, 2022

The Arab Monetary Fund (AMF) and the African Export-Import Bank (Afreximbank) has announced the signing of a Memorandum of Understanding…

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FinTech

Saudi’s start-up Retailo acquires Dubai-based online marketplace DXBUY

April 22, 2022

Saudi-based start-up Retailo, a business-to-business (B2B) platform for retail supply chains, has acquired Dubai’s e-commerce marketplace DXBUY for an undisclosed…

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Financial Results

KFH records $227.6mln net profit for Q1

April 22, 2022

Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net…

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Financial Results

Dubai lender Emirates NBD posts highest quarterly net profit of $735mln

April 21, 2022

Dubai lender Emirates NBD reported on Wednesday a net profit of AED 2.7 billion ($735 million), the highest in a…

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Hedge Funds & Alternative Investments

UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds

April 21, 2022

Sales of dirham-denominated Treasury bonds are on the horizon for the UAE as it looks to strengthen its local banking…

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Financial Results

Commercial Bank reports QR702.3m net profit for first quarter

April 21, 2022

The Commercial Bank (the Bank), its subsidiaries and associates (Group) announced yesterday its financial results for the quarter ended 31…

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Regulation, Risk & Compliance

UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021

April 20, 2022

The Central Bank of the UAE (CBUAE) has said that the Money Supply aggregate M1 increased by 2.3%, from Dhs686bn…

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Hedge Funds & Alternative Investments

ADCB is latest bank to join UAE’s Trade Connect platform

April 20, 2022

Abu Dhabi Commercial Bank is the latest to sign up for the UAE Trade Connect platform, which is a consortium…

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Comment & Analysis

MENA Fintech Association releases the SHIFT report

April 20, 2022

The MENA Fintech Association has released the first volume of the SHIFT report, a comprehensive guide that supports the fintech…

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Comment & Analysis

Cash is no longer king: 69% of Middle East payments will be cashless in 2023

April 20, 2022

Almost seven out of 10 payment transactions in the Middle East will be non-cash in 2023, as the region catches…

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Islamic Finance

Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers

April 19, 2022

Al Baraka Islamic Bank, one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it…

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