Trade Bank of Iraq names Salem Chalabi as its new Chairman and President
Trade Bank of Iraq announced that it has named Salem Jawad Abdul Hadi Al-Jalabi as the company’s Chairman & President…
Retail Banking
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Why cashless payment is catching on in UAE
The idea of having a cashless society for payments and banking is no longer just a distant dream, but fast…
Middle East SWF’s in talks to buy stake in Reliance Retail
Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA), Mudabala Investment and Saudi Arabia’s Public Investment Fund…
UAE Ministry of Finance launches third generation e-Dirham system
The Ministry of Finance launched the third generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national…
Qatar's QDB extends loan guarantee program by three months, lifts ceiling – QNA
Qatar Development Bank has extended by three months a national programme to provide guarantees to local banks to grant interest-free…
Iraq's inability to borrow money has 'plunged it into crisis'
A member at the Iraqi parliament’s finance committee yesterday said that the country’s federal budget would be released “soon”. …
Commercial Bank launches $500mn bond at new price benchmark
Commercial Bank has successfully launched a senior unsecured five-year bond worth $500mn at a new price benchmark. The transaction…
QNB first in Qatar to debut ‘green bond’ offering under its Medium Term Note Programme
QNB Group received subscriptions in excess of $1.8bn demonstrating the global investor’s confidence in its solid financial fundamentals and strong…
CBE Urges Banks to Offer Facilities As Six-Month Suspension of Loan Installments Ends
The Central Bank of Egypt under Tareq Amer issued on Monday Sept 14, new directives to back clients whose financial…
Bank Audi to sell units in Jordan and Iraq to Capital Bank
Jordan’s Capital Bank has signed a letter of intent with Bank Audi to acquire the assets and liabilities of Audi’s…
Turkish companies said to seek debt restructuring as virus hits
Debt-laden Turkish companies are seeking more time to repay bank loans after the coronavirus pandemic upended plans to sell assets,…
Israel's Leumi signs deals with First Abu Dhabi Bank, Emirates NBD
Bank Leumi LUMI.TA said on Tuesday it had signed memorandums of understanding with First Abu Dhabi Bank FAB.AD and Emirates…