Retail Banking

FinTech

Arab Federation for Digital Economy, Union of Arab Banks launch 'Huma Wealth' programme in cooperation with GCEL

November 24, 2021

The Arab Federation for Digital Economy and the Union of Arab Banks, operating under the umbrella of the Arab League,…

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Regulation, Risk & Compliance

Banks in UAE waive over $272mln debts of 4,511 Emiratis

November 24, 2021

The Non-performing Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511…

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Regulation, Risk & Compliance

Dubai Bank Pays $100 Million to Resolve Sanctions Violations with DFS, OFAC and Federal Reserve

November 24, 2021

Mashreqbank, based in Dubai, agreed to pay $100 million to the New York Department of Financial Services, the Federal Reserve,…

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Executive Moves

HSBC appointed regional head of commercial banking in MENA, Turkey

November 23, 2021

HSBC has appointed Patricia Gomes as regional head of commercial banking for the Middle East, North Africa and Turkey (MENAT).…

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Awards and Recognition

Sohar International wins best corporate banking award

November 23, 2021

Sohar International, a leading bank in Oman, was recently conferred the ‘Best Corporate Banking – Oman 2021’ award at the…

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Regulation, Risk & Compliance

Bank of Israel pledges to keep policy accommodative as risks remain

November 23, 2021

The Bank of Israel held its benchmark interest rate  at 0.1% for a 13th straight policy meeting on Monday, citing…

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Executive Moves

United Arab Bank appoints Head of Retail Banking Department

November 22, 2021

United Arab Bank has announced the appointment of Emirati banker Yousif Al Suwaidi as Head of Retail Banking. Al-Suwaidi will…

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New Investment Products & Services

HSBC first bank to establish presence in Qatar Free Zones

November 21, 2021

Abdul Hakeem Mostafawi, CEO of HSBC Qatar, and Lim Meng Hui, CEO of Qatar Free Zones Authority (QFZA), officially opened…

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FinTech

Dukhan Bank launches AI-powered virtual assistant

November 21, 2021

Dukhan Bank has launched an interactive, multi-channel virtual assistant, Rashid, to assist customers with online enquiries in an easy and…

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Awards and Recognition

Commercial Bank wins ‘Best in Social Media Marketing & Services’ award in world

November 21, 2021

Commercial Bank, the leading digital Bank in Qatar, has won the ‘Best in Social Media Marketing & Services’ Award for…

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Comment & Analysis

Fitch Affirms HSBC Bank Middle East at 'A+'; Outlook Negative

November 19, 2021

Fitch Ratings has affirmed UAE-based HSBC Bank Middle East's (HBME) Long-Term Issuer Default Rating (IDR) at 'A+' with a Negative…

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Comment & Analysis

Most Saudi consumers are open to switching banks, says BCG

November 18, 2021

More than half of consumers in Saudi Arabia are open to switching to another bank, according to a new study…

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