Egyptian expats' remittances rise to $2.9bln in July: CBE
Remittances from Egyptians living abroad rose for the second month in a row, growing by 9.5% year-on-year (YoY) in July,…
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Network Int'l renews shared services agreement with Emirates NBD
Network International has agreed to extend its shared services agreement with Emirates NBD. The contract renewal will see Emirates…
Saudi's Arab National Bank CEO quits post after 15 years
The CEO of Saudi Arabia’s Arab National Bank has quit his post after more than 15 years with the company.…
Banks cannot charge fees on loan deferral says Central Bank of Bahrain
The Central Bank of Bahrain has clarified that no fees, except insurance, can be charged by lenders on the four-month…
Saudi Arabia's banking market is heating up as customers are increasingly looking for new offers and a differentiated banking experience
The expectations of consumers across the Kingdom of Saudi Arabia’s banking segment continue to increase, and the number of people…
SMEs impact on Qatar banking system asset quality low: Moody’s
SMEs impact on Qatar’s banking system asset quality is low as they account for a small portion of its loan…
Westpac announces new Chief Executive, Consumer
Westpac Group has announced the appointment of Chris de Bruin as Chief Executive of its Consumer division. Mr de…
BAB confirms banks' readiness to defer loan installments
Banks operating in Bahrain have affirmed their willingness to extend their support to customers and welcome their requests to defer…
Egypt's central bank attracts EGP 21 billion with T-bill auctions
The Central Bank of Egypt has managed to attract more than EGP 21 billion in investments from EGP treasury bills…
CBE expected to keep interest rates on hold Thursday
The Monetary Policy Committee of the Central Bank of Egypt is expected to keep interest rates on hold during its…
Saudi German signs R305 Islamic debt facility
Saudi German Hospitals has signed a R305m (US$81.3m) Shariah-compliant two-part debt facility with Al Rajhi Bank. R120m of the…
Creditors take action against UAE's Al Jaber in decade-long saga
Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn…