Lebanon judge freezes assets of 5 banks during probe
A Lebanese judge on Monday froze the assets of five of Lebanon’s largest banks and those of their board of…
Retail Banking
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Impending rate hikes to spur UAE banks’ net-interest income
The UAE’s banking sector assets are expected to grow in 2022 on the back of an economic recovery that has…
NBK’s AGM approved distribution of 30% cash dividends and 5% bonus shares
Al-Sayer: Our strong performance helped maximize returns for our shareholders We were committed to maintaining our strategic course by accelerating…
UAE to inject money in Sudanese banks: minister
Acting foreign Minister Ali al-Sadiq Sunday said the United Arab Emirates agreed to inject money into Sudanese banks to support…
QIB introduces Corporate Online Account Opening through its website
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the launch of a service which simplifies the opening of…
DFSA censures Paymentology Ltd for disseminating misleading and deceptive information
The Dubai Financial Services Authority (DFSA) has today issued a public censure against Paymentology Ltd. Paymentology is a payment…
FAB to expand MENA footprint, strengthen regional trade links with Iraq
First Abu Dhabi Bank (FAB) will be expanding its regional footprint with the opening of a representative office in Iraq,…
Al Rajhi Bank gets CMA nod for 60% capital raise to $11bn
Al Rajhi Bank, which is Saudi Arabia’s largest valued bank, was approved by the Capital Market Authority for a capital…
NBO Suite of Solutions Offer Customers Seamless Digital Payments
Continuing to deliver best-in-class digital solutions, National Bank of Oman’s (NBO) has equipped its customers with more ways than ever…
Saudi Social Development bank gives $2.9bln in loans in 2021
Saudi Arabia's Social Development Bank disbursed SR11 billion ($2.9 billion) worth of loans in 2021, SDB’s Business Executive Sultan Alhamidi,…
Egypt's Central Bank to launch online services project
The Central Egypt, or CBE, will launch a project called 'Know Your Customer,’ which will enable citizens to open bank…
Bahrain’s bank sector to benefit from higher rates, credit expansion – S&P
Bahrain’s banking sector is set to benefit from the expected interest rate hikes and overall credit expansion on the back…