Retail Banking

Executive Moves

Network International appoints Navneet Dave as Regional Managing Director – Processing for GCC

February 14, 2022

Network International has announced the appointment of Navneet Dave as Regional Managing Director – Processing – GCC (excluding KSA). In…

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Financial Results

Ithmaar Holding reports 2021 profits

February 14, 2022

Ithmaar Holding B.S.C. (Trading symbol Bahrain Bourse and Dubai Financial Markets: ITHMR) has reported profits for 2021 as it announced…

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FinTech

Mashreq Bank Chooses Thetaray Transaction Monitoring Solution for Correspondent Banking

February 14, 2022

Mashreq Bank of the UAE and ThetaRay has  announced they will collaborate in transaction monitoring. The implementation of ThetaRay's AI-driven,…

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FinTech

UAE's Etisalat partners with FAB, ADQ, Alpha Dhabi to launch new digital bank

February 11, 2022

Etisalat Group has partnered with banking giant First Abu Dhabi Bank (FAB) and UAE conglomerates ADQ and Alpha Dhabi Holding…

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Awards and Recognition

Bank Muscat: An innovative journey in offering banking services and products

February 10, 2022

Over the past four decades, Bank Muscat has firmly established itself as one of the leading financial institutions in the…

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Financial Results

Al Ahli Bank of Kuwait (ABK) ends 2021 with an Operating Profit of KD 82.1 Million and a Net Profit of KD 27.2 Million About Diffractive Managers Group

February 10, 2022

Al Ahli Bank of Kuwait has  announced strong financial results for the year ended 31st December 2021. Emerging through the…

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Mergers & Acquisitions

Biggest UAE Bank Poised to Make Offer to Buy Egypt’s EFG Hermes

February 9, 2022

First Abu Dhabi Bank PJSC is set to make an offer to buy EFG Hermes, in what could be the…

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Hedge Funds & Alternative Investments

Al Salam Bank launches Life Planning Account drive

February 9, 2022

Bahrain’s Al Salam Bank has announced the launch of its latest Life Planning campaign which provides clients the optimal choice…

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Comment & Analysis

Fitch downgrades 11 Kuwaiti Banks

February 8, 2022

Fitch Ratings has downgraded 11 Kuwaiti banks' Long-Term Issuer Default Ratings (IDRs). Their Outlooks are Stable.   The banks are…

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Regulation, Risk & Compliance

Commercial Bank of Dubai approves debt financing deal with Postpay

February 8, 2022

Commercial Bank of Dubai  approved a debt financing deal with Dubai-based buy-now-pay-later company Postpay, underscoring how FinTech and traditional banks…

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Regulation, Risk & Compliance

Lebanon banks association rejects draft govt financial plan

February 8, 2022

Lebanon's banking association on Monday rejected a draft government plan for tackling the country's financial crisis that proposes a haircut…

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Financial Results

Ajman Bank 2021 net profit surges 117% to Dh116.2 million

February 8, 2022

Ajman Bank on Monday said its annual profit surged 117 per cent last year to Dh116.2 million while net operating…

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