UAE banking sector still 'in good health': Emirates NBD
The UAE’s banking sector remains financially sound despite going through challenges posed by the coronavirus pandemic, said Emirates NBD, Dubai’s…
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HSBC launches first cashback credit card
HSBC has launched its first cashback credit card in Qatar, giving retail customers up to 3 percent cashback on everyday…
Digital wallet spending to nearly double to $10trln in 2025
Digital wallet spending across the world is expected to nearly double in five years as the shift to cashless payments…
Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends
Arab Bank Group has closed 2020 reporting net income after tax of $195.3 million as compared to $846.5 million in…
Bank Nizwa appoints new chairman of Shari'a supervisory board
Recognized as the only listed fully-fledged and most trusted Islamic bank in Oman, Bank Nizwa remain dedicated to promote Shari’a-compliant…
Qatar commercial banks post more than 9% jump in total domestic credit in December 2020
A strong double-digit year-on-year growth in loans to the services and trading sectors led Qatar's commercial banks report more than…
BofA’s Middle East Equities Head to Depart After Two Decades
Talal Ghandour, one of Bank of America Corp.’s longest-serving senior executives in the Middle East, is leaving the U.S. firm…
UAE banking sector recovery will be gradual in 2021
The UAE’s banking sector recovery from the impact of pandemic will be a gradual in 2021, rating agency Standard &…
NBB launches improved digital platform
The National Bank of Bahrain has launched its new and improved mobile app designed to transform and elevate the customers’…
Burgan Bank Intends to Redeem KD100 Million, Subordinated Tier 2 Bonds Issued in 2016
Kuwait’s second largest conventional bank by asset size – successfully placed US$500 million Subordinated Tier 2 Capital Securities in the…
Borrowers from ODB benefit from loan deferment
A total of 2,800 borrowers from Oman Development Bank (ODB) benefited from loan deferment and more than 8,000 emergency loans…
UAE conducts cyberattack simulation on banking sector
The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against…