Commercial Bank enables payment through wearables
Commercial Bank, the most leading digital Bank in Qatar, yesterday announced the launch of a new digital feature that enables…
Retail Banking
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Turkish private lender Akbank permanently shifts working model
The COVID-19 pandemic has reshaped the working styles of companies all over the world. Many of them initially left office…
Instant transfer between banks 24/7 from Feb. 21
The Saudi Central Bank (SCB) announced on Thursday the launch of the instant payments system effective from Feb. 21, and…
Bank Muscat signs agreement with PDO to refinance its employee housing loan portfolio
In line with its pioneering role in providing banking services and facilities, Bank Muscat, the leading financial services provider in…
Banque Misr to acquire capital shares of CI Capital
The Financial Regulatory Authority (FRA) announced that Banque Misr plans to acquire the capital shares of CI Capital Holding for…
S&P revises Saudi's SFG, NCB outlooks to positive on planned merger
Credit agency S&P said on Thursday it had revised to positive the outlooks for Samba Financial Group (SFG) and National…
Al Salam Bank-Bahrain reports $2.8mln Q4 profit
Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD1.1 million ($2.8 million) in the fourth quarter (Q4)…
GCC banks face risk of surge in loan impairments in 2021
GCC banks are expected to face continued asset quality risks resulting in higher loan impairments and elevated provisions leading to…
UAE's FTA clarifies tax rules for owners of multiple establishments
Sole owners of multiple establishments in the UAE are required to obtain a single tax registration, rather than apply for…
Mashreq reports Dh1.3 billion net loss in 2020
Mashreq, one of the leading financial institutions in the UAE, has reported a net loss of Dh1.3 billion in 2020…
Dukhan Bank adds Fitbit Pay, Garmin Pay to D-Pay platform
During Qatar National Sport Day celebrations, Dukhan Bank, Qatar’s leading banking player, announced the launch of Fitbit Pay and Garmin…
National Commercial Bank net profit rises 0.3% to $3.04bn for 2020
National Commercial Bank (NCB) reported net profit of SR 11.4 billion ($3.04 billion) for 2020, up 0.3 percent year-on-year (YoY),…