Saudi banks remain resilient amid pandemic, backed by new regulations
KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added…
Retail Banking
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Egyptian lender CIB boosts provisions after central bank review
Commercial International Bank, Egypt's largest private bank, increased its loan loss provisions by 60% in the third quarter after a…
QNB receives awards for digital service excelle
QNB Group, the largest financial institution in the Middle East and Africa, recently received the “Best Digital Wallet” and the…
MetLife and RAKBANK form strategic partnership
MetLife has has announced a 10-year strategic preferred partnership with The National Bank of Ras Al Khaimah (RAKBANK) to provide…
GCC banks 'to face pressure on loan quality, profitability in 2021'
Operating conditions for GCC banks will remain difficult and loan quality will deteriorate but remain sound in 2021, says a…
First Abu Dhabi Bank Collaborates With Visa On B2B Virtual Cards
To roll out an in-depth collection of digital payment offerings for business customers, United Arab Emirates (UAE) financial institution First…
Israel’s Bank Hapoalim sees huge opportunities for UAE – Israel banking cooperation
The normalisation of relations between the UAE and Israel has opened huge opportunities for businesses and financial institutions from both…
Bank ABC wins 2020 Gartner Eye on Innovation Award
Bank ABC has been named the winner of the 2020 Gartner Eye on Innovation Award for financial services in Europe,…
KFH–Bahrain appoints Hamed Mashal as new Head of Retail Banking
Kuwait Finance House – Bahrain announced the appointment of Mr. Hamed Yousef Mashal as Head of Retail Banking, demonstrating the…
Banks could lose up to $4.7trln in cumulative revenues due to COVID-19
Banks around the world could incur cumulative revenue losses of up to $4.7 trillion between 2020 and 2024, as the…
Sovereign Contingent Liabilities in the GCC
Fitch Ratings expects government-related-entity (GRE) debt to continue to rise in the Gulf Cooperation Council (GCC) economies as governments use…
World’s Best Digital Banks 2020: Middle East
Technology promises greater resiliency, innovation and opportunities alongside improved efficiency and customer service. But the Covid pandemic has forced…