UAE's first half 2021 bank results point to economic recovery gaining traction
Financial results of UAE banks for the first six months of 2021 point to sustained improvement in profitability supported by…
Retail Banking
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Former Saudi minister to head IsDB
Saudi Arabia’s former economy and planning minister has been selected as the new head of the Islamic Development Bank for…
Govt obtains 34pc more foreign loans in FY21
Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal…
Licencing regime introduced for UAE’s retail payments service providers
The Central Bank of the UAE on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation…
Dubai’s Mashreqbank applied for Saudi banking license
Mashreqbank has applied for a banking license in Saudi Arabia and is seeking to enter the Omani market, Ahmed Abdelaal,…
Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing…
Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%
Sharjah Islamic Bank has announced an increase in its operating profit before provisions by 25.6%, amounting to AED 417.3 million for…
Standard Chartered appoints CEO for global Islamic banking arm Saadiq
Standard Chartered has appointed Khurram Hilal as Chief Executive Officer of Standard Chartered Saadiq, the Bank’s global Islamic banking arm.…
Al Khaliji H1 profit surges to QR372mn
Al Khaliji, which is in the process of being merged with Masraf Al Rayan, has reported a 3% year-on-year increase…
Qatar Central Bank announce Eid Al Adha holiday for financial institutions
Qatar Central Bank announced on Thursday that Eid Al Adha holiday for all financial institutions in the country, including banks,…
FinTech: Why these startups are banking on a payments revolution in the Middle East
Founded in 2006, Techstars has invested in more than 2,200 companies in 15 years. In the process, the startup accelerator…
Qatar's Al Khalij Commercial Bank H1-21 net profit slightly up at $102mln
Qatar-based Al Khalij Commercial Bank reported a H2-21 net profit of 372 million riyals ($102 million), an increase of 3…