Qatar economy expected to bounce back to 2.5% growth in 2021, 3.9% in 2022: Lloyds Bank
* According to Lloyds Bank, IMF anticipates a debt reduction this year and the next, with levels at 60.6% of…
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Best Treasury & Cash Management Providers: Middle East
Every economic crisis becomes a liquidity crisis, forcing banks and their corporate customers to take measures—some innovative—to maintain cash flow…
Oman said to agree $2.2bn loan with large group of banks
Oman has raised $2.2 billion with a loan in a deal which attracted interest from a large group of regional…
Top Egyptian Bank Selects Temenos to Transform Digital Banking in Egypt
Powered by Temenos Infinity, Suez Canal Bank to reimagine the digital customer experience for its retail, corporate and Islamic banking…
Qatar Central Bank announces Bank Holiday on March 7
Qatar Central Bank announced that Sunday, March 7, 2021 will be official holiday for all banks and financial institutions operating…
Saudi lender Arab National Bank announces $160mln dividend
Arab National Bank, Saudi Arabia’s seventh-largest lender by assets, has announced the distribution of 600 million riyals ($160 million) in…
Oman agrees $2.2 billion loan with large group of banks – sources
Oman has raised $2.2 billion with a loan in a deal which attracted interest from a large group of regional…
Saudi retail giants boost online footprint with Vogacloset deal
Two major Saudi retail players have joined forces to buy a combined 51 percent stake in UK-based e-commerce platform Vogacloset,…
Finastra reveals corporate bank priorities for 2025
Research from Finastra, unveiled at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks…
Commercial Bank successfully issues $500mn PNC5 AT1
Commercial Bank successfully priced its inaugural international $500mn PNC5 AT1 issuance at a yield of 4.50%. This is the largest…
HSBC appoints Mohammed Al Marzouqi as head of global banking in the UAE
HSBC has appointed Mohammed Al Marzouqi as the head of global banking in the UAE, subject to regulatory approval. …
Saudi National Bank, the Kingdom’s new national champion in banking
Saudi National Bank officially came into the world this week, with the formal approval by shareholders of the merger between…