Retail Banking

FinTech

Banque Misr, a Major Egyptian Commercial Bank, to Launch Standalone Digital Banking Platform in 2021

September 30, 2020

Egypt’s Banque Misr, which is the nation’s second-largest commercial bank, is reportedly planning to launch an all-digital or digital-only bank…

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Comment & Analysis

Saudi Arabia strengthens position as world’s largest Islamic finance market

September 30, 2020

Islamic financing in Saudi Arabia will reach around 80 percent of system-wide loans in the next 12-18 months according to…

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New Investment Products & Services

First Abu Dhabi Bank and Egypt Post launch services drive

September 30, 2020

First Abu Dhabi Bank in Egypt has signed a memorandum of understanding with Egypt Post to boost financial inclusion in…

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Comment & Analysis

UAE banks target Lebanese peers' units in growing Egyptian market for M&A

September 30, 2020

Lebanon's ailing banks must sell their prized Egyptian subsidiaries, with Gulf lenders the most likely buyers as they seek to…

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FinTech

National Bank of Bahrain goes live with Finastra Fusion Kondor

September 30, 2020

National Bank of Bahrain is live with the latest version of Fusion Kondor, Finastra’s treasury management solution.   The move…

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Comment & Analysis

Abu Dhabi Commercial Bank to exit operations in China

September 29, 2020

Abu Dhabi Commercial Bank  will exit its operations in China, as the China Banking and Insurance Regulatory Commission  has approved…

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Comment & Analysis

UAE consumers expect a cashless society by 2030

September 29, 2020

Almost two-thirds of people in the UAE (64% in the UAE and 64% globally) expect the country to go fully…

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Financial Results

QIIB becomes first Islamic bank in Qatar to launch card for domestic work

September 29, 2020

QIIB has launched its latest bank payment solutions, a card for domestic workers, thus becoming the first Islamic bank in…

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Comment & Analysis

Reg BI and Beyond: Your September Update

September 29, 2020

The UAE is on a fast track in adopting digital banking and cashless payments with the pandemic accelerating the digital…

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Financial Results

23.2 billion riyals are the profits of local and foreign banks…

September 29, 2020

Profits of “Saudi and foreign” banks operating in the Kingdom declined by 31.5 percent, equivalent to 10.7 billion riyals during…

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Comment & Analysis

Open Banking set to transform finance in the GCC

September 29, 2020

Open Banking is a series of reforms that drive competitiveness in the banking sector.    By driving change in how…

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Comment & Analysis

UAE national banks’ total assets reached Dhs2.8 trillion in July

September 28, 2020

The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to…

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