Saudi Central Bank issues SR200 banknote to celebrate 5th anniversary of Vision 2030
The Saudi Central Bank announced its intention to issue a “Two Hundred” denomination of the Saudi currency, on the occasion…
Retail Banking
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ADCB PJSC reports first quarter 2021 net profit of AED 1.121 billion
Abu Dhabi Commercial Bank PJSC has reported its financial results for the first quarter of 2021 (“Q1’21”). Strong financial…
Edgar, Dunn & Company promotes MENA leader Jean Sideris
Edgar, Dunn & Company has promoted the leader of its Middle East office – Jean Sideris – to director. …
Checkout.com leads $110 million debt and equity round in Saudi BNPL startup Tamara
Checkout.com has led a $110 million investment round in Saudi Arabian buy now, pay later startup Tamara. Founded in…
QNB launches mega usage campaign with Mastercard
QNB, the largest financial institution in the Middle East and Africa, has launched a mega campaign for its customers in…
Egypt allows banks to issue electronic money units
The Central Bank of Egypt has allowed lenders in the country to issue electronic money units. However, only banks…
NBB Group celebrates Earth Day with launch of 'Think Future' sustainability campaign
The National Bank of Bahrain Group celebrated Earth Day by launching its newest initiative, ‘Think Future’, under the Economic, Social…
The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal's national electrification and LNG-use ambitions
MCB has facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated…
Outlook: Emirates NBD could be a key beneficiary of Dubai's recovery
BofA Global Research has raised its 2021 expectation for Emirates NBD’s earnings per share (EPS) by 9 percent and its…
FAB reports a Group Net Profit of AED 2.5 Billion for the first quarter of 2021
First quarter results reflect gradual economic recovery Net profit of AED 2.5 Billion, up 3% year-on-year Annualised Earnings Per…
Saudi Arabia's Al Rajhi Bank's first quarter profit surges 40% on stronger economic recovery
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 40 per cent increase in first-quarter net profit on…
Mashreq Bank offers 'buy now pay later' options to customers via cashew deal
Mashreq Bank will now offer ‘buy now pay later’ options on purchases made through merchant partners. This comes after tie-up…