ThinCats receives £160m from Kuwait-backed investor to scale up SME lending
ThinCats has announced a £160m investment from Kuwait-backed Wafra Capital Partners (WCP), which will help the platform lend up to…
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Mashreq Bank deploys digital payments platform at SEWA to support digital transformation
Mashreq Bank has completed a major digital transformation program for the Sharjah Electricity Water and Gas Authority (SEWA), delivering a…
Egypt’s Banque Misr applies on licenses to operate in Somalia, Djibouti, Kenya
Vice Chairman of Banque Misr Akef El Maghraby stated Sunday in IPAs Africa Forum 1 that the bank had applied…
Two new digital banks close to obtaining a license in Saudi Arabia
The Saudi Central Bank (SAMA) said it has completed studying license applications for two new digital banks and will recommend…
SAMA advances licensing process of two digital banks
The Saudi Central Bank has announced that it has completed the procedures related to studying the two license applications for…
Bank regulators plan capital rule for bitcoin
Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on…
Israel group sues Qatar banks, charities for more than $360m
Israeli Shurat HaDin organisation has filed a lawsuit against Qatari banks and charities demanding 1.2 billion shekels ($360 million) over…
UAE residents' savings swell to $54.22bln during pandemic
UAE residents’ savings have swelled during Covid as pandemic-induced restrictions and lockdowns led people to spend less on travel, entertainment,…
Doha Bank to host virtual client conference on Qatar’s economic development and opportunities
In the light of dynamic market conditions amidst COVID-19 recovery, Doha Bank will host an interactive virtual client conference titled…
Bahrain’s GFH is on the ball in buyout plan for Khaleeji Commercial Bank
Bahrain-based investment company GFH Financial Group gave a stellar performance for the first quarter, with earnings per share at $0.53…
How the UAE's largest banks bounced back during Q1
Aggregate net income increased by 85 percent quarter-on-quarter (QoQ) Loan & advances declined whereas deposits increased in Q1’21 Alvarez &…
Forbes ranks QIB among Top 100 Companies in Middle East
Qatar Islamic Bank (QIB) was ranked 18th out of Top 100 Companies in the Middle East by Forbes Middle East…