Adyen to expand into the Middle East, opens Dubai office
Adyen has announced that it will expand its offering to the Middle East. Supporting the momentum of innovation and diversification…
Retail Banking
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Alinma Bank signs acquiring agreement with JCB International for local acceptance in the Kingdom of Saudi Arabia
Alinma Bank has partnered with JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co. Ltd., Japan's only…
United Arab Emirates: Economic substance notification and report templates issued
On 22 October 2020, the United Arab Emirates (UAE) Ministry of Finance (MOF) released the much-anticipated economic substance (ES) report…
FinTech Ripple chooses Dubai International Financial Centre for regional headquarters
Dubai International Financial Centre announced on Saturday that Ripple, the enterprise blockchain solution for global payments, has established its regional…
Banks in Qatar investing heavily to ensure safe online banking
Banks in Qatar are at the forefront in deploying new and cutting-edge technology to ensure safe online banking with the…
UAE eCommerce sector to continue upward trajectory as digital payments boom during COVID-19
· 61% are now using cards or digital wallets more to make payments online instead of opting for cash on…
MEPCO renews $53.33mln loan deal with Saudi Bank Albilad
Middle East Paper Company has extended a Sharia-compliant credit facility agreement worth SAR 200 million with Bank Albilad. The…
Banks’ credit witnesses growth in September
Rise in economic activity in the country has led to increase in credit offtake from banks. The total domestic credit…
Al Rajhi Bank calls off merger talks with MIDF
Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment…
Top UAE banks report lower Q3 profits on higher impairments
Challenging macroeconomic conditions—low interest rates leading to repricing of portfolios, falling oil price and disruptions to economic activities due to…
NBK organizes a physical activity awareness program for employees
National Bank of Kuwait has organized an awareness program for its employees in collaboration with Physiotherapists, Mohamad Al Farhan and…
CBB warns banks’ customers on sharing information
The Central Bank of Bahrain has warned customers of banks not to respond to any telephone calls and messages received…