Standard Chartered to open 1st branch in Cairo next September: CBE
Gamal Negm, Deputy Governor of the Central Bank of Egypt (CBE), stated on Monday that the British bank Standard Chartered…
Retail Banking
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Kuwait approves Credit Bank capital hike: Finance minister
Kuwait's government agreed with a housing parliamentary committee to increase the capital of Kuwait Credit Bank by 300 million dinars…
QIIB releases its financial statement for the financial year 2021
Net profit exceeds one billion riyals, with a growth rate of 7% The Board of Directors recommends the distribution of…
Rising confidence in Qatar banking sector stability seen in QCB's Risk Perception Survey 2021
Half of the local banks "opined an increase in confidence in the stability" of the country’s banking sector in the…
Arab Financial Services and Spotii partner to launch "Buy Now Pay Later" in Bahrain
Arab Financial Services has become Bahrain’s first acquirer to enable a Buy Now Pay Later solution for the Kingdom’s merchants.…
ADIB Reshuffles Top Leadership Days After New CEO Takes Charge
Abu Dhabi Islamic Bank PJSC, the second-biggest Sharia compliant lender in the United Arab Emirates, has unveiled a series of…
Personal web and mobile experience key to Mideast banks’, fintechs’ customer retention
The Middle East’s financial institutions are drawing up massive plans to engage and retain customers, by leveraging innovation-based digital approaches.…
HSBC names new trade product and propositions head for Mena and Turkey
HSBC has appointed Syed Imtiaz Hussain as regional head of product and propositions, global trade and receivables finance (GTRF), for…
Commercial Bank net profit surges 77.1% to QR2.304bn in 2021
The Commercial Bank (the Bank), its subsidiaries and associates (Group) yesterday reported a net profit of QR2.304bn for the year…
NBB ranks 1st in Bahrain and 2nd in the Arab World for Banking Services Companies
The National Bank of Bahrain has been recognized for their commitment to sustainability by being ranked first in the Kingdom…
HSBC hires new commercial banking head for Mena and Turkey
HSBC has appointed Patricia Gomes as regional head of commercial banking for the Middle East, North Africa and Turkey (Menat).…
FAB goes live with Arab Monetary Fund’s Buna system
First Abu Dhabi Bank has enhanced regional cross-border payments capabilities by going live with the Arab Monetary Fund’s Buna system.…